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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Goldstone Resources Limited | LSE:GRL | London | Ordinary Share | JE00BRJ8YF63 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.15 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | -1.52M | -0.0033 | -6.52 | 9.87M |
From Apr 2019 to Apr 2024
TIDMGRL
RNS Number : 4857S
Goldstone Resources Ltd
03 October 2017
03 October 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Director/PDMR Notifications
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces the following issues of a total of 643,315 ordinary shares of 1 penny each ("Ordinary Shares") to directors of the Company in lieu of salaries accrued in September 2017 ("Fee Shares"). As set out in the Company's announcements of 3 April 2017 and 2 June 2017, the Directors have agreed, in order to preserve cash, to convert salaries and fees through to the end of September 2017 into Ordinary Shares.
The number of Fee Shares to be issued in respect of such fees and salaries for September 2017 has been calculated by reference to the volume weighted average price of the Ordinary Shares for the period of 30 days prior to the 1 October 2017, being 1.92p.
In addition to the Fee Shares, the Board have agreed to issue 96,153 Ordinary Shares to Neil Gardyne in respect of his salary for October, due in respect of his one month notice period following his resignation from the Board announced yesterday (the "Additional Fee Shares"). The number of Additional Fee Shares has been calculated based on the closing mid market price of the Company's Ordinary Shares on 2 October 2017 of 2.08p, being the latest practicable date prior to this announcement.
The Fee Shares to be issued to each of the Directors in respect of accrued fees and salaries for the month of September 2017, the Additional Fee Shares and the resulting interests in Ordinary Shares are set out below:
Hot Features
Premium
Existing New Fee Resultant Resultant Percentage
Holding Shares Holding Holding
---------------- ----------- --------- ----------- ---------------------
Neil Gardyne 1,020,778 200,474 1,221,252 0.49%
---------------- ----------- --------- ----------- ---------------------
Emma Priestley 4,253,218 434,673 4,687,891 1.88%
---------------- ----------- --------- ----------- ---------------------
Richard Lloyd 1,020,778 104,321 1,125,099 0.45%
---------------- ----------- --------- ----------- ---------------------
Admission and Total Voting Rights
Application will be made for the 739,468 Fee Shares and Additional Fee Shares to be admitted to trading on AIM ("Admission"). Admission and dealings are expected to commence at 8.00 a.m. on 9 October 2017. On Admission, the Company will have 249,707,991 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 249,707,991 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Related Party Transaction
The issue of the Additional Fee Shares to Neil Gardyne, having served as a director of the Company in the preceding 12 months, is treated as a related party transaction under the AIM Rules for Companies. The Board, having consulted with the Company's nominated adviser, Strand Hanson Limited, considers that the issue of the Additional Fee Shares are fair and reasonable insofar as the Company's Shareholders are concerned.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley/ Neil Gardyne Tel: +44 (0)20 7830 9650 / +27 (0)82
490 4427
Strand Hanson Limited
Richard Tulloch / James Bellman Tel: +44 (0)20 7409 3494
SI Capital Limited
Nick Emerson / Andy Thacker Tel: +44 (0)1483 413 500
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 Neil Gardyne
--- -------------------------------- ------------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------------
a) Position/status Director of the Company
--- -------------------------------- ------------------------------------
b) Initial notification/amendment Initial notification
--- -------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Goldstone Resources Limited
--- -------------------------------- ------------------------------------
b) LEI 213800B7ATYRPQUTS551
--- -------------------------------- ------------------------------------
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 1 penny each in
instrument, type of instrument the share capital of the Goldstone
Resources Limited
--- -------------------------------- ------------------------------------
Identification code JE00BRJ8YF63
--- -------------------------------- ------------------------------------
b) Nature of the Transaction Receipt of Ordinary Shares in lieu
of director fees
--- -------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
GBP0.01917 104,321
GBP0.0208 96,153
------------ ----------
--- -------------------------------- ------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
--- -------------------------------- ------------------------------------
e) Date of the transaction 2 October 2017
--- -------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--- -------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------
a) Name Emma Priestley
--- -------------------------------- ------------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------------
a) Position/status Director of the Company
--- -------------------------------- ------------------------------------
b) Initial notification/amendment Initial notification
--- -------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Goldstone Resources Limited
--- -------------------------------- ------------------------------------
b) LEI 213800B7ATYRPQUTS551
--- -------------------------------- ------------------------------------
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 1 penny each in
instrument, type of instrument the share capital of the Goldstone
Resources Limited
--- -------------------------------- ------------------------------------
Identification code JE00BRJ8YF63
--- -------------------------------- ------------------------------------
b) Nature of the Transaction Receipt of Ordinary Shares in lieu
of director fees
--- -------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
GBP0.01917 434,673
------------ ----------
--- -------------------------------- ------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
--- -------------------------------- ------------------------------------
e) Date of the transaction 2 October 2017
--- -------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--- -------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------
a) Name Richard Lloyd
--- -------------------------------- ------------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------------
a) Position/status Director of the Company
--- -------------------------------- ------------------------------------
b) Initial notification/amendment Initial notification
--- -------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------
a) Name Goldstone Resources Limited
--- -------------------------------- ------------------------------------
b) LEI 213800B7ATYRPQUTS551
--- -------------------------------- ------------------------------------
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 1 penny each in
instrument, type of instrument the share capital of the Goldstone
Resources Limited
--- -------------------------------- ------------------------------------
Identification code JE00BRJ8YF63
--- -------------------------------- ------------------------------------
b) Nature of the Transaction Receipt of Ordinary Shares in lieu
of director fees
--- -------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
GBP0.01917 104,321
------------ ----------
--- -------------------------------- ------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
--- -------------------------------- ------------------------------------
e) Date of the transaction 2 October 2017
--- -------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--- -------------------------------- ------------------------------------
Date of notifications: 2 October 2017
- END -
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.
The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold. It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDGBDGIUGBGRD
(END) Dow Jones Newswires
October 03, 2017 02:00 ET (06:00 GMT)
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