Capital Metals PLC Director/PDMR Shareholding (5992Q)

TIDMCMET

RNS Number : 5992Q

Capital Metals PLC

29 June 2022

29 June 2022

Capital Metals PLC

("Capital Metals" or the "Company")

Director Dealings

Capital Metals Plc (AIM: CMET) , has been advised of the following Director Dealings in the ordinary shares of the Company on 28 June 2022.

Michael Frayne, Chief Executive of the Company, transferred 1,213,625 CMET ordinary shares representing 0.64 per cent of the Company's issued ordinary share capital, to Limerston Pty Ltd (a company of which Michael Frayne is the sole director and indirect beneficiary).

Chulu Holdings Pty Ltd ATF The Chulu Trust (a trust of which Michael Frayne is a beneficiary) also transferred 750,000 CMET ordinary shares representing 0.40 per cent of the Company's issued ordinary share capital to Limerston Pty Ltd (a company of which Michael Frayne is the sole director and indirect beneficiary).

Following these transfers Michael Frayne's combined interest in the Company remains unchanged at 13,190,006 shares (representing 6.98% of the Company's issued ordinary share capital) comprising shares held by:

   Chulu Holdings Pty Limited ATF The Chulu Trust                 8,093,048 
   Limerston Pty Ltd                                                                      1,963,625 
   Mrs K Frayne                                                                              3,000,000 
   Mr M Frayne                                                                              133,333 

Total 13,190,006

The Directors of the Company accept responsibility for the contents of this announcement.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Michael Frayne 
     -----------------------------------------  --------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------- 
 a)   Position/status:                           Chief Executive 
     -----------------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------- 
 a)   Name:                                      Capital Metals Plc 
     -----------------------------------------  --------------------------------------- 
 b)   LEI:                                       213800RR4MW1ETEMS859 
     -----------------------------------------  --------------------------------------- 
 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,   Ordinary shares of GBP0.02 
       type of instrument:                        GB00BMF75608 
       Identification code: 
     -----------------------------------------  --------------------------------------- 
 b)   Nature of the transaction:                 Transfer of Ordinary 
                                                  Shares from Mr M Frayne 
                                                  (1,213,625 shares) and 
                                                  Chulu Holdings Pty Ltd 
                                                  ATF The Chulu Trust (a 
                                                  trust of which Michael 
                                                  Frayne is a beneficiary) 
                                                  (750,000 shares) to Limerston 
                                                  Pty Ltd (a company in 
                                                  of which Mr Frayne is 
                                                  the sole director and 
                                                  indirect beneficiary 
                                                  (1,963,625 shares) 
     -----------------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):                    Ordinary Shares: Price(s)    Volume(s) 
                                                   6 pence     1,213,625 
                                                              ---------- 
                                                   6 pence     750,000 
                                                              ---------- 
     -----------------------------------------  --------------------------------------- 
 d)   Aggregated information:                    Ordinary Shares: Price(s)    Volume(s) 
       Aggregated volume:                          6 pence     1,963,625 
       Price:                                                 ---------- 
     -----------------------------------------  --------------------------------------- 
 e)   Date of the transaction:                   28 June 2022 
     -----------------------------------------  --------------------------------------- 
 f)   Place of the transaction:                  Off Market 
     -----------------------------------------  --------------------------------------- 
 

-ENDS-

For further information please contact:

 
Michael Frayne (CEO) via Vigo Consulting 
 
Vigo Consulting (Investor Relations)      SPARK Advisory Partners (Nominated 
 Ben Simons/Oliver Clark                   Adviser) 
 [phone]                      Neil Baldwin 
 [e-mail]          James Keeshan 
                                           [phone] 
 

WH Ireland Limited (Joint Broker) Tavira Securities Limited (Joint Broker)

Harry Ansell/Katy Mitchell Jonathan Evans/Oliver Stansfield

[phone] [phone]

   For more information on Capital Metals please visit:        www.capitalmetals.com 

About Capital Metals plc

   Capital Metals is   developing the Eastern Minerals Project   in the Eastern Province of Sri Lanka, approximately 220km east of Colombo. The Eastern Minerals Project is   one of the highest-grade mineral sands projects globally, with   a current JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals, and potential for resource extension. Our goal is to become a high margin producer of mineral sands for the international market, with a commitment to applying best-in-class mining practices and bringing significant positive benefits to Sri Lanka and the local community with over 300 direct new jobs to be created and over US$100m in direct government royalties and taxes. 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

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June 29, 2022 02:00 ET (06:00 GMT)