Director's dealing (9926P)

TIDMATC

RNS Number : 9926P

Atlantic Coal PLC

11 October 2011

Atlantic Coal plc/Index: AIM/Epic: ATC/Sector: Mining

Atlantic Coal plc ("Atlantic" or the "Company")

Director's dealing

Atlantic Coal plc, the AIM-traded open cast coal production and processing company with activities in Pennsylvania, USA, announces that it received notification yesterday that on 30 December 2010, Adam Wilson, Non-Executive Chairman of the Company, sold 1,857,142 ordinary shares of 0.07 of one penny each in the capital of the Company ("Ordinary Shares") at a price of 0.7 of one penny per Ordinary Share (the "Director Sale Shares").

The Director Sale Shares were purchased by a pension fund of which Adam Wilson is a beneficiary, managed by Crescent Trustees Limited, at a price of 0.7 of one penny per Ordinary Share.

As a result of these two transactions, Adam Wilson's total beneficial shareholding remained unchanged. His total beneficial interest currently stands at 126,307,070 Ordinary Shares or 3.26 per cent. of the issued share capital of the Company.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best       Atlantic Coal plc    Tel: [phone] 
                                        5670 
 Nick Naylor      Allenby Capital      Tel: [phone] 
                   Limited              5656 
 Alex Price       Allenby Capital      Tel: [phone] 
                   Limited              5656 
 Peter Rose       Fox-Davies Capital   Tel: [phone] 
                   Limited              5030 
 Simon Leathers   Fox-Davies Capital   Tel: [phone] 
                   Limited              5010 
 Hugo de Salis    St Brides Media      Tel: [phone] 
                   & Finance Limited    1177 
 Elisabeth        St Brides Media      Tel: [phone] 
  Cowell           & Finance Limited    1177 
 

Notes

Atlantic Coal plc is an AIM-traded coal production and processing company focussed predominantly on open cast mining and the processing of anthracite coal in Pennsylvania, USA. The Company's primary asset is the Stockton Colliery, a producing surface coal mine and adjacent anthracite preparation plant encompassing an area of approximately 900 hectares located in Hazel Creek in North-East Pennsylvania, which has current Proven Reserves of 3.2 million tons run-of-mine coal.

Atlantic's strategy is to create a significant mid-tier coal company; both through the expansion of activities at Stockton and identifying additional sites in Pennsylvania to build its production and resource profile, primarily by acquiring defined assets in stable, recognised, high quality coal regions. The directors of Atlantic have identified opportunities to expand within the region and are involved in on-going negotiations regarding adjacent sites, with the intention of acting as a regional consolidator in the Pennsylvanian Coal Field. Expansion within the local area has the potential to minimise upfront deal costs as a result of existing and proven infrastructure, equipment, facilities and market demand.

This information is provided by RNS

The company news service from the London Stock Exchange

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