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SML.GB Strategic Minerals Plc

0.25
0.00 (0.00%)
06:56:52 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Strategic Minerals Plc AQSE:SML.GB Aquis Stock Exchange Ordinary Share GB00B4W8PD74 Ordinary shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.20 0.30 0.25 0.25 0.25 0.00 06:56:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Strategic Minerals PLC Director Share Purchase and Grant of Options (5633T)

06/01/2017 12:03pm

UK Regulatory


Strategic Minerals (AQSE:SML.GB)
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TIDMSML

RNS Number : 5633T

Strategic Minerals PLC

06 January 2017

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

6 January 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Director Share Purchase and Grant of Options to Directors and Management

Director Purchase

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that Peter Wale, Director of the Company, acquired on 6 January 2017 a total of 2,500,000 ordinary shares in the Company at a price of 0.48474 pence per share. Following this acquisition, Mr Wale becomes the Company's largest shareholder with a beneficial interest in 46,364,000 ordinary shares in the Company, representing 3.8% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the acquisition of shares in the Company by a director.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------ 
 a)   Name:                              Peter Verdun Wale 
---  ---------------------------------  ------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status:                   Director 
---  ---------------------------------  ------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  ------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name:                              Strategic Minerals 
                                          plc 
---  ---------------------------------  ------------------------- 
 b)   LEI: 
---  ---------------------------------  ------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------ 
 a)   Description of the financial 
       instrument, type of instrument:     Ordinary shares 
                                           of 0.1p each 
       Identification code: 
                                           GB00B4W8PD74 
---  ---------------------------------  ------------------------- 
 b)   Nature of the transaction:         Acquisition of 
                                          shares 
---  ---------------------------------  ------------------------- 
 c)   Price(s) and volume(s):              Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            0.4730 
                                             pence      1,000,000 
                                            0.4889 
                                             pence 
                                                        1,000,000 
                                             0.4999 
                                             pence        500,000 
                                           ----------  ---------- 
---  ---------------------------------  ------------------------- 
 d)   Aggregated information:              Price(s)    Volume(s) 
       Aggregated volume:                  ----------  ---------- 
       Price:                               0.48474 
                                             pence      2,500,000 
                                           ----------  ---------- 
---  ---------------------------------  ------------------------- 
 e)   Date of the transaction:           2017-01-06 
                                          08.261hrs UTC 
                                          (1,000,000 shares) 
                                          08.28hrs UTC (1,000,000 
                                          shares) 
                                          08.29hrs UTC (500,000 
                                          shares) 
---  ---------------------------------  ------------------------- 
 f)   Place of the transaction:          London Stock Exchange 
                                          (AIM) 
---  ---------------------------------  ------------------------- 
 

Grant of Options

The Board of SML announce that they have granted the following options in the Company to reflect recent Board appointments and contributions to operations throughout 2016:

 
    Holder        Number     Exercise     Expiry     Vesting Conditions** 
                               Price       Date 
--------------  ----------  ---------  -----------  --------------------- 
 John Peters     8,000,000   GBP0.01    30/06/2018         GBP0.015 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 John Peters     8,000,000   GBP0.01    30/06/2019         GBP0.030 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Clovis Hooper   3,000,000   GBP0.01    30/06/2018         GBP0.015 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Clovis Hooper   3,000,000   GBP0.01    30/06/2019         GBP0.030 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Alan Broome     3,000,000   GBP0.01    30/06/2018         GBP0.015 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Alan Broome     3,000,000   GBP0.01    30/06/2019         GBP0.030 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Peter Wale      2,000,000   GBP0.01    30/06/2018         GBP0.015 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 Peter Wale      2,000,000   GBP0.01    30/06/2019         GBP0.030 
                                                             VWAP 
--------------  ----------  ---------  -----------  --------------------- 
 

** VWAP is a volume weighted average price per ordinary share over five consecutive trading days on AIM

The total number of options and the individual holdings can be found on the Strategic Minerals website (www.strategicminerals.net).

Commenting, Strategic Mineral's Managing Director, John Peters, said:

"The support shown by Peter Wale, our Director and now largest shareholder, is an encouraging sign of his, and the Board's, faith in the strategy being enacted. This strategy continues to be focused on operations being undertaken from existing cash flows and expected value added exploration (Redmoor and CARE) being managed by the Company and its joint venture partners.

Options granted continue to be at a significant premium to the current share price but reflect both Management and the Board's confidence in the Company's future performance and the need for shareholders to substantially benefit before rewarding Management and the Board."

For further information, please contact:

 
  Strategic Minerals 
   plc 
   John Peters 
   Managing Director 
   www.strategicminerals.net 
 
   Follow Strategic Minerals 
   on: 
   Twitter: @SML_Minerals              +61 (0) 414 
   LinkedIn: strategic-minerals-plc     727 965 
 SP Angel Corporate 
  Finance LLP 
  Nominated Adviser 
  and Joint Broker 
  Ewan Leggat                          +44 (0)20 3470 
  Laura Harrison                        0470 
 Optiva Securities 
  Limited 
  Joint Broker 
  Graeme Dickson                       +44 (0)20 34111880 
 Yellow Jersey PR 
  Financial PR 
  Felicity Winkles                     +44 (0) 7825 
  Alistair de Kare-Silver               916 715 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options detailed above:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name:                                   1. John Peters 
                                               2. Clovis Hooper 
                                               3. Alan Broome 
                                               4. Peter Wale 
---  ---------------------------------  ------------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status:                        1. Managing Director 
                                               2. President of 
                                               US Subsidiary 
                                               3. Non-Executive 
                                               Chairman 
                                               4. Non-Executive 
                                               Director 
---  ---------------------------------  ------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name:                              Strategic Minerals 
                                          plc 
---  ---------------------------------  ------------------------------- 
 b)   LEI: 
---  ---------------------------------  ------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of the financial 
       instrument, type of instrument:     Ordinary shares 
                                           of 0.1p each 
       Identification code: 
                                           GB00B4W8PD74 
---  ---------------------------------  ------------------------------- 
 b)   Nature of the transaction:         Grant of options 
---  ---------------------------------  ------------------------------- 
 c)   Price(s) and volume(s):                   Exercise    Volume(s) 
                                                  Price 
                                           ---  ----------  ----------- 
                                           1.    GBP0.015     8,000,000 
                                            1.    GBP0.030    8,000,000 
                                                              3,000,000 
                                           2.    GBP0.015     3,000,000 
                                            2.    GBP0.030 
                                                              3,000,000 
                                            3.    GBP0.015    3,000,000 
                                            3.    GBP0.030 
                                                              2,000,000 
                                            4.    GBP0.015    2,000,000 
                                            4.    GBP0.030 
                                           ---  ----------  ----------- 
---  ---------------------------------  ------------------------------- 
 d)   Aggregated information:              Price(s)    Volume(s) 
       Aggregated volume:                  ----------  ----------- 
       Price:                               0.0225 
                                             pence      32,000,000 
                                           ----------  ----------- 
---  ---------------------------------  ------------------------------- 
 e)   Date of the transaction:           2017-01-06 
 
                                          07.45hrs UTC 
---  ---------------------------------  ------------------------------- 
 f)   Place of the transaction:          Outside of a trading 
                                          venue 
---  ---------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKADKBBKDBDK

(END) Dow Jones Newswires

January 06, 2017 07:03 ET (12:03 GMT)

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