Argos Resources Ltd Director/PDMR Shareholding (1936U)

TIDMARG

RNS Number : 1936U

Argos Resources Ltd

20 October 2017

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Director / PDMR Shareholding

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin confirms that it has received notification that on 19 October 2017 that John Hogan, Managing Director of the Company, transferred for nil consideration a total of 1,000,000 Ordinary Shares to his daughter, who is of majority age and so is not a Person Closely Associated with Mr Hogan (within the meaning of the Market Abuse Regulation). As a result of this transaction, Mr Hogan's interest in the Company now stands at 750,000 shares, representing 0.34 per cent. of the Company's issued share capital.

For further information:

Argos Resources Limited ([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee ([phone])

Neil McDonald ([phone])

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------- 
 a)   Name                                                John Hogan 
---  --------------------------------------------------  ------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------------------- 
 a)   Position/status                                     Managing Director 
---  --------------------------------------------------  ------------------------------- 
 b)   Initial notification/Amendment                      Initial 
---  --------------------------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------- 
 a)   Name                                                Argos Resources Ltd 
---  --------------------------------------------------  ------------------------------- 
 b)   LEI                                                 213800JFBALNFGTAJM89 
---  --------------------------------------------------  ------------------------------- 
 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                                      Ordinary Shares of 2p each 
       the Financial instrument, 
       type of instrument 
---  --------------------------------------------------  ------------------------------- 
      Identification                                      FK0114538241 
       code 
---  --------------------------------------------------  ------------------------------- 
 b)   Nature of the transaction                           Gift of shares 
---  --------------------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                               Price(s)    Volume(s) 
                                                            nil         1,000,000 
---  --------------------------------------------------  ------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume                              N/A 
 
 
        *    Price 
---  --------------------------------------------------  ------------------------------- 
 e)   Date of the transaction                             19 October 2017 
---  --------------------------------------------------  ------------------------------- 
 f)   Place of the transaction                            London Stock Exchange, AIM 
                                                          Market (ARG) 
---  --------------------------------------------------  ------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 20, 2017 04:47 ET (08:47 GMT)