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GEO Georgian Mining Corporation

1.40
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Georgian Mining Corporation LSE:GEO London Ordinary Share VGG9688A1003 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.40 1.30 1.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Georgian Mining Corporation Director Dealings (1122X)

16/02/2017 2:35pm

UK Regulatory


Georgian Mining (LSE:GEO)
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TIDMGEO

RNS Number : 1122X

Georgian Mining Corporation

16 February 2017

16 February 2017

Georgian Mining Corporation

Director Dealings

Georgian Mining Corporation ('GEO') announces that it was informed today that on 15 February 2017 Roderick McIllree, Non-Executive Director of the Company, purchased 820,000 ordinary shares of no par value in the Company ('Ordinary Shares') at an average price of 9.53 pence per share and Gregory Kuenzel, Managing Director of the Company, purchased 100,000 Ordinary Shares at a price of 9.875 pence per share.

Following this purchase, Mr. McIllree and Mr. Kuenzel's total beneficial ownership in the Company are 1,543,764 Ordinary Shares, which represents approximately 1.92% of the Company's issued share capital and 347,467 Ordinary Shares, which represents approximately 0.43% of the Company's issued share capital respectively.

Market Abuse Regulation (MAR) Disclosure

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the dealings 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:                              Roderick McIllree 
---  ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                   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:                              Georgian Mining 
                                          Corporation 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               2138002IOR7OCZZPB279 
---  ---------------------------------  ---------------------------------------- 
 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 
       instrument, type of instrument:     of no par value 
       Identification code:                VGG9688A1003 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Purchase of ordinary 
                                          shares 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            9.825 pence    500,000 
                                           -------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           9.825 
                                            pence      500,000 
                                          ----------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           2017-02-15 
                                          13.03hrs UTC 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange 
                                          (XLON) 
---  ---------------------------------  ---------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name:                              Roderick McIllree 
---  ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                   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:                              Georgian Mining 
                                          Corporation 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               2138002IOR7OCZZPB279 
---  ---------------------------------  ---------------------------------------- 
 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 
       instrument, type of instrument:    of no par value 
       Identification code:               VGG9688A1003 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Purchase of ordinary 
                                          shares 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)      Volume(s) 
                                           ------------  ---------- 
                                            9.06 pence    320,000 
                                           ------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           9.06 
                                            pence      320,000 
                                          ----------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           2017-02-15 
                                          08.15hrs UTC 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          Outside a trading 
                                          venue 
---  ---------------------------------  ---------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name:                              Gregory Kuenzel 
---  ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status:                   Managing Director 
---  ---------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------- 
 a)   Name:                              Georgian Mining 
                                          Corporation 
---  ---------------------------------  ---------------------------------------- 
 b)   LEI:                               2138002IOR7OCZZPB279 
---  ---------------------------------  ---------------------------------------- 
 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 
       instrument, type of instrument:    of no par value 
       Identification code:               VGG9688A1003 
---  ---------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:         Purchase of ordinary 
                                          shares 
---  ---------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            9.875 pence    100,000 
                                           -------------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)    Volume(s) 
       Price:                             ----------  ---------- 
                                           9.875 
                                            pence      100,000 
                                          ----------  ---------- 
---  ---------------------------------  ---------------------------------------- 
 e)   Date of the transaction:           2017-02-15 
                                          13.43hrs UTC 
---  ---------------------------------  ---------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange 
                                          (XLON) 
---  ---------------------------------  ---------------------------------------- 
 

**ENDS**

For further information please visit www.georgianmining.com or contact:

 
 Greg Kuenzel     Georgian Mining          Company        Tel: 020 7907 
                   Corporation                             9327 
 Ewan Leggat      S. P. Angel Corporate    Nomad &        Tel: 020 3470 
                   Finance LLP              Broker         0470 
 Laura Harrison   S. P. Angel Corporate    Nomad &        Tel: 020 3470 
                   Finance LLP              Broker         0470 
 Damon Heath      Shard Capital Partners   Joint Broker   Tel: 0207 
                   LLP                                     186 9950 
 Elisabeth        St Brides Partners       PR             Tel: 020 7236 
  Cowell           Ltd                                     1177 
 

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.The Bolnisi licence covers an area of over 860 sq km and has a 30 year mining licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli. These projects are proximal to existing mining operations which are owned by the Company's supportive joint venture partner. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFMGMZDVKGNZM

(END) Dow Jones Newswires

February 16, 2017 09:35 ET (14:35 GMT)

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