Beowulf Mining PLC Sales of Shares (8680T)

TIDMBEM

RNS Number : 8680T

Beowulf Mining PLC

17 October 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.

17 October 2017

Beowulf Mining plc

("Beowulf" or the "Company")

Sales of Shares

Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities ("PDMR"), sold 8,500,000 shares on 16 October 2017, following the exercise of options notified on 10 October 2017. After the sale of shares, Mr Metcalf has 2,165,841 ordinary shares remaining in the Company representing approximately 0.405 per cent of the issued share capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides additional detail.

Enquiries:

Beowulf Mining plc

   Kurt Budge, Chief Executive Officer                           Tel: [phone] 

Cantor Fitzgerald Europe

(Nominated Advisor & Broker)

David Porter Tel: [phone]

Blytheweigh

   Tim Blythe/Megan Ray                                                Tel: [phone] 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Name                       Bevan Metcalf 
---  -------------------------  --------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status            PDMR - Non-executive Chairman 
---  -------------------------  --------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                       Beowulf Mining plc 
---  -------------------------  --------------------------------- 
 b)   LEI                        213800MV3XGAOASPT433 
---  -------------------------  --------------------------------- 
 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               Ordinary shares of 1p each 
       instrument, type 
       of instrument               GB0033163287 
 
       Identification 
       code 
---  -------------------------  --------------------------------- 
 b)   Nature of the              Sale of shares 
       transaction 
---  -------------------------  --------------------------------- 
 c)   Price(s) and volume(s)      Price   Volume(s) 
                                  ------  ---------- 
                                   6.25p   8,500,000 
                                  ------  ---------- 
---  -------------------------  --------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   Not applicable 
       - Price 
---  -------------------------  --------------------------------- 
 e)   Date of the transaction    16 October 2017 
---  -------------------------  --------------------------------- 
 f)   Place of the transaction   AIM of the London Stock Exchange 
---  -------------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 17, 2017 12:10 ET (16:10 GMT)