Armadale Capital Plc Director Share Purchase

 
TIDMACP 
 
 

Armadale Capital Plc ('Armadale' or 'the Company')

Director Share Purchase

Armadale Capital plc (LON: ACP) the AIM quoted investment company focused on natural resource projects in Africa, announces that today it was notified that on 31 May 2019, Value Generation Limited, a company wholly owned by Paul Johnson, Non-Executive Director of the Company, and wife Michelle Johnson, purchased 350,000 ordinary shares in the share capital of the Company ("Ordinary Shares") at a price of 1.2275 pence per Ordinary Share and have completed the share transaction set out in the table below.

Following this purchase, Value Generation Limited's total beneficial ownership in the Company is 2,622,727 Ordinary Shares, which represents 0.699% of the Company's issued share capital.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

**ENDS**

For further information, please visit the Company's website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:

 
Enquiries: 
Armadale Capital Plc                        [phone] 
Paul Johnson, Non-Executive Director (UK) 
Tim Jones, Company Secretary 
Nomad and broker: finnCap Ltd               [phone] 
Christopher Raggett / Max Bullen-Smith 
Joint Broker: SI Capital                    ++44 (0) 1483 413500 
Nick Emmerson 
Press Relations: St Brides Partners Ltd     [phone] 
Isabel de Salis / Juliet Earl 
 
 

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 51.1Mt @ 9.3% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu's potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

 
1    Details of the person discharging managerial responsibilities /  person closely associated 
a)   Name                                                         Value Generation Limited, a company wholly owned by Paul Johnson and  Michelle Johnson (PDMR & PCA) 
2    Reason for the notification 
a)   Position/status                                              PDMR - Non-Executive Director & PCA 
b)   Initial notification /Amendment                              Initial Notification 
3    Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name                                                         Armadale Capital Plc 
b)   LEI                                                          213800495EK876JETD10 
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 instrument, type of instrument  Ordinary Shares of 0.1 pence each 
                                                                  GBP 
     Identification code                                          GB00BYMSY631 
b)   Nature of the transaction                                    Purchase of Ordinary Shares 
c)   Price(s) and volume(s) 
                                                                    Price(s)      Volume(s) 
                                                                    1.2275 pence  350,000 
d)   Aggregated information 
     - Aggregated volume                                          350,000 
     - Price                                                      1.2275 pence per Ordinary Share 
e)   Date of the transaction                                      31 May 2019 
f)   Place of the transaction                                     London Stock Exchange 
                                                                  XLON 
 
 
 
 

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(END) Dow Jones Newswires

June 04, 2019 06:59 ET (10:59 GMT)