Bluebird Merchant Ventures Limited Director/PDMR Dealing (0511V)

TIDMBMV

RNS Number : 0511V

Bluebird Merchant Ventures Limited

04 August 2020

Bluebird Merchant Ventures Ltd

(the " Company" or " Bluebird")

PDMR/Director Dealing

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group is pleased to announce a PDMR/Director Dealing, a share purchase by Kensington Trust Singapore Ltd ("Kensington"). Kensington is Bluebird's largest shareholder and is a party associated with CEO, Colin Patterson.

Kensington purchased 1,253,497 shares from Momentum Resources ("Momentum") that formed part of the shares issued to Momentum as a result of the Exercise of Warrants that was announced on 18 June 2020. Colin Patterson has a minority interest in Momentum and therefore is considered a related party.

The share purchase increases Kensington's stake to 69,930,300 shares, which represents 18% of the issued share capital. The PDMR Notification is set out below.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR").

Enquiries:

 
 Bluebird Merchant Ventures Ltd        [e-mail] 
 Jonathan Morley-Kirk, Non-Executive 
  Chairman 
 

PDMR Notification

 
   1   Details of the person discharging managerial 
        responsibilities/person closely associated 
 a)    Name                                      Kensington Trust Singapore 
                                                  Ltd 
      ---------------------------------  ---------------------------------- 
   2   Reason for the notification 
      --------------------------------------------------------------------- 
 a)    Position/status                           A party associated with 
                                                  Colin Patterson, Director 
      ---------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ---------------------------------- 
   3   Details of the issuer; emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
      --------------------------------------------------------------------- 
 a)    Name                               Bluebird Merchant Ventures Ltd 
      ---------------------------------  ---------------------------------- 
 b)    LEI                                213800QLGKFZHML52C51 
      ---------------------------------  ---------------------------------- 
   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 financial           Ordinary shares 
        instrument, type 
        of financial instrument 
 
 
 
        Identification code 
 
                                           VGG118701058 
      ---------------------------------  ---------------------------------- 
 b)    Nature of the transaction          Share Purchase 
      ---------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)             Price(s) (pence) 
                                           Volume(s) 
 
                                           626,749 at 2.0p 
                                           313,374 at 2.5p 
                                           313,374 at 3.0p 
      ---------------------------------  ---------------------------------- 
 d)           Aggregated information 
                *    Aggregated volume      1,253,497 at 2.38p per share 
 
 
                *    Price 
      ---------------------------------  ---------------------------------- 
 e)    Date of the transaction            04-8-2020 
      ---------------------------------  ---------------------------------- 
 f)    Place of the transaction           XLON 
      ---------------------------------  ---------------------------------- 
 

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

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August 04, 2020 03:00 ET (07:00 GMT)