Bellzone Mining PLC Share Awards and Director/PDMR Shareholding (4759V)

TIDMBZM

RNS Number : 4759V

Bellzone Mining PLC

23 July 2018

Bellzone Mining plc

Share Awards and Director/PDMR Shareholding

Further to the announcements made on 26 January 2018 and 23 April 2018, Bellzone Mining plc ("Bellzone" or the "Company") (AIM: BZM) confirms that the second tranche of share awards, amounting to 8,644,800 fully paid Ordinary Shares of no par value ("Ordinary Shares"), vested today. The shares were awarded from existing issued shares held by the Company in Treasury.

The below PDMRs (Persons Discharging Managerial Responsibilities) received Ordinary Shares as part of the awards that vested today:

 
 Name             Title                Number of Ordinary   Total number of 
                                          Shares vested      Ordinary Shares 
                                           on 23 July             held 
                                              2018           on 23 July 2018 
 Julian Cheong    CEO and CFO              4,200,660           8,401,320 
                 -------------------  -------------------  ----------------- 
                  Head of Corporate 
 Simon Edwards     Development             1,963,500           4,376,499 
                 -------------------  -------------------  ----------------- 
 

The total of 17,289,600 Ordinary Shares which have been awarded from Treasury on 23 April 2018 and 23 July 2018 represent 1.08 per cent. of the total issued share capital of the Company as at the date of this announcement which is unchanged at 1,597,858,383 Ordinary Shares.

Following the awards vesting today Bellzone continues to hold 15,443,370 Ordinary Shares in Treasury.

The total voting rights in the Company ("TVR"), have increased by 8,644,800 from 1,573,770,213 to 1,582,415,013 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

The total issued share capital and the TVR advised in this announcement do not include the Ordinary Shares being issued in the Placing announced by the Company on 12 July 2018 which is expected to be completed on 26 July 2018. A further announcement will be made upon completion of the Placing.

Enquiries:

 
 Bellzone Mining plc 
 Simon Edwards                       [phone] 
                                      [e-mail] 
 
 WH Ireland Limited 
 Nominated Advisor & Joint Broker 
 James Joyce / Jessica Cave          [phone] 
 SVS Securities plc 
 Joint Broker 
  Tom Curran / Ben Tadd / Nick 
  Aitchison                           [phone] 
 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                           Julian Cheong 
     -------------------------------------------------------------  -------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                CEO and CFO 
     -------------------------------------------------------------  -------------------------------- 
 b)   Initial notification/ Amendment                                Initial Notification 
     -------------------------------------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Bellzone Mining plc 
     -------------------------------------------------------------  -------------------------------- 
 b)   LEI                                                            213800X7MWNMIC3IUM94 
     -------------------------------------------------------------  -------------------------------- 
 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 no par value 
 
       Identification code                                            JE00B3N0SJ29 
     -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transaction                                      Vesting of share awards 
     -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price   Volume 
                                                                       1.25p   4,200,660 
                                                                              ---------- 
     -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                        N/A - single transaction 
 
 
         *    Price 
     -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        23 July 2018 
     -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London 
     -------------------------------------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                           Simon Edwards 
     -------------------------------------------------------------  -------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                Head of Corporate Development 
     -------------------------------------------------------------  -------------------------------- 
 b)   Initial notification/ Amendment                                Initial Notification 
     -------------------------------------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Bellzone Mining plc 
     -------------------------------------------------------------  -------------------------------- 
 b)   LEI                                                            213800X7MWNMIC3IUM94 
     -------------------------------------------------------------  -------------------------------- 
 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 no par value 
 
       Identification code                                            JE00B3N0SJ29 
     -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transaction                                      Vesting of share awards 
     -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price   Volume 
                                                                       1.25p   1,963,500 
                                                                              ---------- 
     -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information                                        N/A - single transaction 
         *    Aggregated volume 
 
 
         *    Price 
     -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        23 July 2018 
     -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London 
     -------------------------------------------------------------  -------------------------------- 
 

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.

END

DSHSELFEDFASEDW

(END) Dow Jones Newswires

July 23, 2018 08:38 ET (12:38 GMT)