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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arc Minerals Limited | LSE:ARCM | London | Ordinary Share | VGG045791016 | ORDS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.025 | -1.49% | 1.65 | 1.60 | 1.70 | 1.675 | 1.65 | 1.675 | 2,206,589 | 14:58:37 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 0 | -7.34M | -0.0060 | -2.75 | 20.33M |
TIDMARCM
RNS Number : 3540Y
Arc Minerals Limited
20 August 2018
20 August 2018
Arc Minerals Ltd
('Arc' or the 'Company')
Directors' Dealing
Arc Minerals announces that following the announcement made earlier on 20 August 2018, the Remuneration Committee of the Company agreed in May 2018 to award bonuses to certain members of the board and senior management team, in recognition of the transformational progress management made over the past 16 months during which time the market value of the Company has increased from approximately GBP3.4M (31 March 2017) to in excess of GBP26M. The bonus was to be settled in new ordinary shares of no par value of the Company ("Ordinary Shares") following the publication of the annual results for the year ended 31 March 2018.
Accordingly, the Company has issued 3,000,000 ordinary shares to Nick von Schirnding (Executive Chairman), 1,200,000 ordinary shares to Chuck Forrest (CFO, non-board) and 1,200,000 ordinary shares to Vassilios Carellas (COO, non-board).
Following the issue, Nick von Schirnding will have a beneficial interest in 11,103,795 ordinary shares representing an effective interest of 1.89% of the enlarged issued share capital of the Company. In addition, Mr von Schirnding has a beneficial interest in 11,620,125 share options equating to 1.98% of the Company's enlarged issued share capital.
Following the issue, Chuck Forrest will have a beneficial interest in 3,731,514 ordinary shares representing an effective interest of 0.64% of the enlarged issued share capital of the Company. In addition, Mr Forrest has a beneficial interest in 2,200,000 share options equating to 0.38% of the Company's issued share capital.
Following the issue, Vassilios Carellas will have a beneficial interest in 2,345,000 ordinary shares representing an effective interest of 0.40% of the enlarged issued share capital of the Company. In addition, Mr Carellas has a beneficial interest in 10,605,515 share options equating to 1.81% of the Company's issued share capital.
As per the 2018 Annual Report announcement released on 20 August 2018, application has been made for 6,858,333 ordinary shares, including the 5,400,00 shares above, to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 28 August 2018.
Total Voting Rights
Following the issue of the new ordinary shares announced on 20 August 2018, the total issued share capital of the Company consists of 586,398,933 Ordinary Shares of no par value with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 586,398,933 and this figure may be used by shareholders in the Company 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 FCA's Disclosure and Transparency Rules.
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: 1. Nick von Schirnding 2. Chuck Forrest 3. Vassilios Carellas --------------------------------- -------------------------------------------- 2. Reason for the notification ------------------------------------------------------------------------------- a) Position/status: 1. Executive Chairman 2. CFO (non-board) 3. COO (non-board) --------------------------------- -------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------- -------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------- a) Name: Arc Minerals Limited --------------------------------- -------------------------------------------- b) LEI: 213800XHFJVCC9GP2G75 --------------------------------- -------------------------------------------- 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 no instrument, type of instrument: par value Identification code: VGG045791016 --------------------------------- -------------------------------------------- b) Nature of the transaction: Grant of shares --------------------------------- -------------------------------------------- c) Price(s) and volume(s): Price(s) Volume(s) 1. 3.33 pence 1. 3,000,000 2. 3.33 pence 2. 1,200,000 3. 3.33 pence 3. 1,200,000 --------------------------------- -------------------------------------------- d) Aggregated information: Single transaction as Aggregated volume: in 4 c) above Price(s) Volume(s) Price: 3.33 pence 5,400,000 --------------------------------- -------------------------------------------- e) Date of the transaction: 2018-08-20 --------------------------------- -------------------------------------------- f) Place of the transaction: Outside a trading venue --------------------------------- --------------------------------------------
Contacts
Arc Minerals Ltd +44 (0) 20 3874 Nick von Schirnding (Chairman) 8664 SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair / Soltan +44 (0) 20 3470 Tagiev 0470
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 20, 2018 13:20 ET (17:20 GMT)
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