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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Beowulf Mining Plc | LSE:BEM | London | Ordinary Share | GB0033163287 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.725 | 0.65 | 0.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal Mining Services | 0 | -2.86M | -0.0025 | -2.88 | 8.33M |
TIDMBEM
RNS Number : 2050T
Beowulf Mining PLC
10 October 2017
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.
10 October 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Exercise of Options/PDMR Dealing
Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that it has received an exercise notice from Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities ("PDMR"), over 8,500,000 new ordinary shares of 1p per share in the Company (the "Option Shares").
Of the Option Shares 8,000,000 were exercised at 1.66p and 500,000 were exercised at 4p for a total consideration of GBP152,800. Application has been made for the Option Shares to be admitted to trading on AIM and it is expected that admission will take place on 16th October 2017 ("Admission").
The Option Shares will rank pari passu with the existing ordinary shares of the Company. Following Admission of the Option Shares, the Company's enlarged issued share capital will comprise 534,207,254 ordinary shares with voting rights. This figure 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 in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides additional detail.
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe
(Nominated Advisor & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe/Megan Ray Tel: +44 (0) 20 7138 3204 1 Details of the person discharging managerial responsibilities / person closely associated --- --------------------------------------------------------- a) Name Bevan Metcalf --- ------------------------- ------------------------------ 2 Reason for the notification --- --------------------------------------------------------- a) Position/status PDMR - Non-executive Chairman --- ------------------------- ------------------------------ b) Initial notification Initial Notification /Amendment --- ------------------------- ------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- --------------------------------------------------------- a) Name Beowulf Mining plc --- ------------------------- ------------------------------ b) LEI 213800MV3XGAOASPT433 --- ------------------------- ------------------------------ 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 Ordinary shares of 1p each instrument, type of instrument GB0033163287 Identification code --- ------------------------- ------------------------------ b) Nature of the Exercise of options. transaction --- ------------------------- ------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) --------- ---------- 1.66p 8,000,000 --------- ---------- 4p 500,000 --------- ---------- --- ------------------------- ------------------------------ d) Aggregated information - Aggregated volume Not applicable - Price --- ------------------------- ------------------------------ e) Date of the transaction 10 October 2017 --- ------------------------- ------------------------------ f) Place of the transaction Off market --- ------------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 10, 2017 06:40 ET (10:40 GMT)
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