Sula Iron & Gold PLC Director's Shareholding (7535Z)

TIDMSULA

RNS Number : 7535Z

Sula Iron & Gold PLC

17 March 2017

17 March 2017

Sula Iron & Gold plc

("Sula" or the "Company")

Director's Shareholding

Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, was yesterday notified that further to the Company's Placing and Subscription of 18 November 2016, in which Matt Wood, an Executive Director of the Company, subscribed for, in aggregate, 16,172,848 ordinary shares of 0.1p each in the capital of the Company (the "Ordinary Shares"), 11,904,762 of such Ordinary Shares, held by ONE Advisory Limited (the "ONE Advisory Shares"), a company of which Matt Wood is a director, were yesterday distributed directly to certain employees of ONE Advisory Limited.

Accordingly, Matt Wood is now interested in 5,763,727 Ordinary Shares, representing approximately 0.3 per cent. of the Company's issued share capital.

For further information, please visit www.sulaironandgold.com or contact:

 
 Sula Iron & Gold plc 
  Roger Murphy (CEO)                  [phone] 
 
 Strand Hanson Limited (Financial 
  and Nominated Adviser) 
  James Harris / Matthew Chandler      [phone] 
  / James Dance                        3494 
 
 
 VSA Capital Limited (Broker)          [phone] 
  Andrew Raca                          5000 
 
 Ongeza Mining (Technical Adviser)     [phone] 
  Iain Macpherson / Ilja Graulich      0629 
 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 Notification of a Transaction pursuant to Article 
  19(1) of Regulation (EU) No. 596/2014 
------------------------------------------------------------------------------ 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ----------------------------------------------------------------------- 
 a.     Name                          Matt Wood 
                                     ----------------------------------------- 
 2      Reason for 
         notification 
-----  ----------------------------  ----------------------------------------- 
 a.     Position/Status               Director and FD of Sula Iron & 
                                       Gold plc 
-----  ----------------------------  ----------------------------------------- 
 b.     Initial notification/         Initial Notification 
         Amendment 
-----  ----------------------------  ----------------------------------------- 
 3      Details of the issuer, emission allowance 
         market participant, auction platform, auctioneer 
         or auction monitor 
       ----------------------------------------------------------------------- 
 a.     Name                          Sula Iron & Gold plc 
-----  ----------------------------  ----------------------------------------- 
 b.     LEI                           213800VNXOUPHTX53686 
-----  ----------------------------  ----------------------------------------- 
 4      Details of the transaction(s): section to 
         be repeated for (i) each type of instrument; 
         (ii) each type of transaction; and (iii) each 
         date transactions have been conducted 
-----  ----------------------------------------------------------------------- 
 a.     Description                   Ordinary Shares of 0.1p each 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: GB00B6Y3CV16 
         Identification 
         Code 
-----  ----------------------------  ----------------------------------------- 
 b.     Nature of the                 Transfer of shares from a company 
         transaction                   of which the PDMR is a director 
-----  ----------------------------  ----------------------------------------- 
 
 c.     Price(s) and                   Price(s)             Volume(s) 
         volume(s) 
-----  ----------------------------   -------------------  ---------------- 
    GBP0.0042                                               11,904,762 
   ------------------------------------------------------  ---------------- 
 
 d.     Date of the                   2017-03-16 
         transaction 
-----  ----------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSFEEFMFWSEED

(END) Dow Jones Newswires

March 17, 2017 04:30 ET (08:30 GMT)