Shanta Gold Limited Director Dealing (2920S)

TIDMSHG

RNS Number : 2920S

Shanta Gold Limited

20 December 2016

20 December 2016

Shanta Gold Limited

("Shanta Gold", "Shanta" or the "Company")

Director Dealing

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, was informed on 19 December 2016 that Robin Fryer, Non-Executive Director of Shanta Gold, has sold on the same date, 30,000 ordinary shares in the Company at a price of 9 pence per share.

Following this purchase, Robin Fryer holds 690,000 ordinary shares in the Company which represents 0.12% of the Company's issued share capital.

Enquiries:

 
 Shanta Gold Limited 
 Toby Bradbury (CEO)           [phone] 
  Mark Rosslee (CFO)            829 
 
 Nominated Adviser and 
  Broker 
 Peel Hunt LLP 
 Matthew Armitt / Ross         [phone] 
  Allister / Chris Burrows      8900 
 
 Financial Public Relations 
 Tavistock 
                               [phone] 
 Emily Fenton / Jos Simson      3150 
 

About Shanta Gold

Shanta Gold is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 81,873 ounces in 2015. The Company is admitted to trading on London's AIM and has approximately 583 million shares in issue.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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                        Robin Fryer 
---  --------------------------  ------------------------------------ 
 2.   Reason for the notification 
---  ---------------------------------------------------------------- 
 a.   Position/status             Non-Executive Director 
---  --------------------------  ------------------------------------ 
 b.   Initial notification        Initial Notification 
       /Amendment 
---  --------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a.   Name                        Shanta Gold Limited 
---  --------------------------  ------------------------------------ 
 b.   LEI                         N/A 
---  --------------------------  ------------------------------------ 
 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                 Ordinary shares of 0.01 pence 
       of the                      each 
       Financial 
       instrument,                 GB00BOC6R828 
       type 
       of instrument 
       Identification 
       code 
---  --------------------------  ------------------------------------ 
 b.   Nature of 
       the transaction              Sale of ordinary shares 
---  --------------------------  ------------------------------------ 
 c.   Price(s) and                  Price(s)   Volume(s) 
       volume(s)                    ---------  ---------- 
                                     9p         30,000 
                                    ---------  ---------- 
---  --------------------------  ------------------------------------ 
 d.              Aggregated 
                  information 
---                              ------------------------------------ 
      --      Aggregated 
               volume 
--- 
      --      Price                          N/A (Single transaction) 
---  ------  ------------------  ------------------------------------ 
 e.   Date of the                 2016/12/19 
       transaction 
---  --------------------------  ------------------------------------ 
 f.   Place of the                London Stock Exchange 
       transaction 
---  --------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 20, 2016 02:00 ET (07:00 GMT)