Strategic Minerals PLC PDMR Dealing (7820X)

TIDMSML

RNS Number : 7820X

Strategic Minerals PLC

29 November 2017

29 November 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company" or "SML")

PDMR Dealing

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that John Peters, Managing Director of the Company, acquired a total of 500,000 ordinary shares in the Company at a price of 1.8915 pence per share on 28 November 2017. Following this acquisition, Mr Peters has a beneficial interest in 20,500,000 ordinary shares in the Company, representing 1.55% 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.

Market Abuse Regulation (MAR) Disclosure

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:                             Mr. John Peters 
---  --------------------------------  ---------------------------------------- 
 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:                             Strategic Minerals 
                                         plc 
---  --------------------------------  ---------------------------------------- 
 b)   LEI:                              213800DICA5NPVOJT776 
---  --------------------------------  ---------------------------------------- 
 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                Ordinary shares of 
       financial instrument,             0.1p each 
       type of instrument: 
       Identification code:              GB00B4W8PD74 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:        Acquisition of shares 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):            Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          1.8915 
                                           pence      500,000 
                                         ----------  ---------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information:           Single transaction 
       Aggregated volume:                as in 4 c) above Price(s)    Volume(s) 
       Price:                            ----------  ---------- 
                                          1.8915 
                                           pence      500,000 
                                         ----------  ---------- 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction:          28 November 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction:         London Stock Exchange, 
                                         AIM (XLON) 
---  --------------------------------  ---------------------------------------- 
 

For further information, please contact:

 
                                   +61 (0) 414 
Strategic Minerals plc              727 965 
John Peters 
Managing Director 
www.strategicminerals.net 
 
Follow Strategic Minerals on: 
Vox Markets:                     https://www.voxmarkets.co.uk/company/SML/ 
Twitter:                         @SML_Minerals 
LinkedIn:                        https://www.linkedin.com/company/strategic-minerals-plc 
Facebook:                        https://www.facebook.com/search/top/?q=strategic%20minerals%20plc 
 
                                   [phone] 
SP Angel Corporate Finance LLP      0470 
Nominated Adviser and Broker 
Ewan Leggat 
 
Yellow Jersey PR 
                                   +44 (0)7747 
Charles Goodwin                     788 221 
                                   +44 (0)7880 
Julia Kalcheva                      318 276 
                                   +44 (0)7769 
Joe Burgess                         325 254 
                                   +44 (0)7951 
Henry Wilkinson                     402 336 
 
 

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earths. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2017 02:01 ET (07:01 GMT)