Ariana Resources PLC Director/PDMR Shareholding (6185V)

TIDMAAU

RNS Number : 6185V

Ariana Resources PLC

10 August 2020

10 August 2020

AIM: AAU

Director/PDMR Shareholdings

Total Voting Rights

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that it has been informed of the following transactions:

- on 5 August 2020, Michael de Villiers, Chairman, was issued and allotted with 3,000,000 new ordinary shares in the Company ("Ordinary Shares") at the price of 1.55p per share pursuant to an exercise of options under the Ariana Resources PLC 2018 Share Option Plan. Application will be made for the new Ordinary Shares, which will rank pari passu will all existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected on or around 13 August 2020;

- on 6 and 7 August 2020, Mr de Villiers disposed of a total of 3,000,000 Ordinary Shares at an average price of 5.56p per share;

- on 7 August 2020, Mr de Villiers purchased 255,000 Ordinary Shares in his SIPP at 5.55p per share and also purchased a further 350,000 Ordinary Shares in his ISA at 5.5p per share;

- and in addition, on 7 August 2020 Mrs de Villiers, wife of Mr de Villiers, purchased 350,000 Ordinary Shares in her ISA at 5.5p per share.

Accordingly, the holding of Mr de Villiers is now 55,800,000 Ordinary Shares in the Company, representing a holding of 5.25%.

Total Voting Rights

The Company's issued share capital consists of 1,062,677,943 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,062,677,943 .

The above figure of 1,062,677,943 Ordinary Shares 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

Michael de Villiers

 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Michael de Villiers 
     --------------------------  ---------------------------------------------------------------- 
 2    Reason for notification 
     -------------------------------------------------------------------------------------------- 
 a)   Position / status           Chairman 
     --------------------------  ---------------------------------------------------------------- 
 b)   I nitial notification       Initial 
       /Amendment 
     --------------------------  ---------------------------------------------------------------- 
 3    Details of t he issu er, emission allow a n ce m a r 
       k et participan t, au ct ion plat for m, au ction eer 
       or auc tion monitor 
     -------------------------------------------------------------------------------------------- 
 a)   Name                        Ariana Resources plc 
     --------------------------  ---------------------------------------------------------------- 
 b)   LEI                         213800LVVY7GZY21LH22 
     --------------------------  ---------------------------------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     -------------------------------------------------------------------------------------------- 
 a)   Description of the          Ordinary shares of 0.1 pence each 
       financial instrument,       in Ariana Resources plc 
       t ype of instrument 
 
       I d e ntification           ISIN GB00B085SD50 
       code 
     --------------------------  ---------------------------------------------------------------- 
      Nature of the transaction   Sale and purchase of ordinary shares 
     --------------------------  ---------------------------------------------------------------- 
 c)   Price(s) and volumes(s)     Exercise of options over ordinary 
                                   shares Price(s)   Volumes(s) 
                                    1.55p      3,000,000 
                                              ----------- 
 
 
                                   Sale of ordinary shares Price(s)   Volumes(s) 
                                    5.56p      3,000,000 
                                              ----------- 
 
 
                                   Purchase of ordinary shares Price(s)   Volumes(s) 
                                    5.55p      255,000 
                                              ----------- 
 
 
                                   Purchase of ordinary shares Price(s)   Volumes(s) 
                                    5.5p       350,000 
                                              ----------- 
 
 
                                   Purchase of ordinary shares by associate Price(s)   Volumes(s) 
                                    5.5p       350,000 
                                              ----------- 
     --------------------------  ---------------------------------------------------------------- 
 d)   Aggregated information      n/a 
     --------------------------  ---------------------------------------------------------------- 
 e)   Date of the transaction     5, 6 and 7 August 2020 
     --------------------------  ---------------------------------------------------------------- 
 f)   Place of the transaction    LSE, AIM (XLON) and XOFF 
     --------------------------  ---------------------------------------------------------------- 
 

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

Contacts:

 
 Ariana Resources plc                 Tel: [phone] 
                                       3616 
 Michael de Villiers, Chairman 
 Kerim Sener, Managing Director 
 
 Beaumont Cornish Limited             Tel: [phone] 
                                       3396 
 Roland Cornish / Felicity Geidt 
 
 Panmure Gordon (UK) Limited          Tel: [phone] 
                                       2500 
 Atholl Tweedie / James Stearns 
 
 Yellow Jersey PR Limited             Tel: [phone] 
                                       9512 
 Dom Barretto / Joe Burgess / Henry   [e-mail] 
  Wilkinson 
 

Editors' Note

About Ariana Resources:

Ariana is an AIM-listed mineral exploration and development company operating in Europe. It has interests in gold production in Turkey and copper-gold assets in Cyprus. The Company is developing a portfolio of prospective licences in Turkey, which contain a total of 1.6 million ounces of gold and other metals (as at end-2017).

The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co. Both assets are located in western Turkey, which hosts some of the largest operating gold mines in the country and remains highly prospective for new porphyry and epithermal deposits. The Kiziltepe Sector of the Red Rabbit Project is fully permitted and is currently in production. The total resource inventory at the Project and its wider area is c. 605,000 ounces of gold equivalent (as at end-2017). At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation on the Salinbas Gold Project.

Ariana is also earning-in to 50% of UK-registered Venus Minerals Ltd ("Venus"). Venus is focused on the exploration and development of copper-gold assets in Cyprus.

Panmure Gordon (UK) Limited are broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.

For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com .

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 [e-mail] or visit www.rns.com.

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August 10, 2020 02:47 ET (06:47 GMT)