Capital Metals PLC Director/PDMR Shareholding

RNS Number : 4310Y

Capital Metals PLC

30 July 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

30 July 2024

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Director / PDMR Shareholding

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), announces that Greg Martyr, Executive Chairman, has purchased 584,773 ordinary shares of 0.2 pence each ("Ordinary Shares") in the Company. The full details of the market purchases are outlined below.

 

No. of Ordinary Shares purchased	Price	Date of purchase
299,773	1.7459p	30 July 2024
285,000	1.7000p	23 July 2024

 

As a result, Mr Martyr now holds 8,167,519 Ordinary Shares representing 2.37% of the Company's issued share capital.

 

For further information, please visit www.capitalmetals.com or contact:

 

Capital Metals plc Greg Martyr (Executive Chairman)	Via Vigo Consulting
Vigo Consulting (Investor Relations) Ben Simons / Peter Jacob	[phone] [e-mail]
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan	[phone]
Tavira Financial Jonathan Evans / Oliver Stansfield	[phone]

 

About Capital Metals

 

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.

 

Appendix - 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	Greg Martyr
2.	Reason for notification
a)	Position/Status	Executive Chairman
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, type of instrument Identification Code	Ordinary shares of 0.2 pence per share par value   ISIN: GB00BMF75608
b)	Nature of the transaction	Acquisition of ordinary shares
c)	Price(s) and volume(s)		Price(s) Volume(s) 1.7000p 285,000
d)	Aggregated information   - Aggregated Volume   - Price	Single transaction as in 4 c) above   Price(s) Volume(s) 1.7000p 285,000
e)	Date of the transaction	23 July 2024
f)	Place of the transaction	On market
a)	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of 0.2 pence per share par value   ISIN: GB00BMF75608
b)	Nature of the transaction	Acquisition of ordinary shares
c)	Price(s) and volume(s)		Price(s) Volume(s) 1.7459p 299,773
d)	Aggregated information   - Aggregated Volume   - Price	Single transaction as in 4 c) above   Price(s) Volume(s) 1.7459p 299,773
e)	Date of the transaction	30 July 2024
f)	Place of the transaction	On market

 

 

 

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END

 

 

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