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Share Name Share Symbol Market Type Share ISIN Share Description
Ferro-alloy Resources Limited LSE:FAR London Ordinary Share GG00BGDYDZ69 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -2.16% 11.35 11.00 11.70 11.65 10.75 11.25 2,160,581 09:02:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.8 -2.5 -0.8 - 38

Ferro-Alloy Resources Limited Issue of Equity to Directors

30/06/2020 7:00am

UK Regulatory (RNS & others)


Ferro-alloy Resources (LSE:FAR)
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TIDMFAR

RNS Number : 4464R

Ferro-Alloy Resources Limited

30 June 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

30 June 2020

Ferro-Alloy Resources Limited

("Ferro-Alloy" or the "Company" or the "Group")

Issue of Equity to Directors

Director/PDMR shareholding

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium mining and processing company with operations based in Southern Kazakhstan announces that certain non-executive directors to the Company have undertaken to be issued a total of 764,050 Ordinary Shares of no par value ('Ordinary Shares') at 8p per share in lieu of fees due to them for Q4 2019 and the year ended 31 December 2020 in the amount of US$75,000.

The Company has been informed that the family trust that held 4,193,800 Ordinary shares in Ferro Alloy Resources for the benefit of the children of Christopher Thomas and his wife, Fleur Thomas has been dissolved and t he shares have been assigned to Assiduous Group Ltd. Christopher Thomas is the sole shareholder and director of Assiduous Group Ltd.

Directors' Shareholdings

The Ordinary Shares have been issued as follows:

 
 Director/PDMR     Fees         Ordinary   Existing Interest   Total Shareholding   Total shareholding 
                                 Shares                                              as % of 
                                 Issued                                              Issued 
                                                                                     Capital 
 Christopher 
  Thomas*          US$37,500    3 82,025   4,356,487           4,738,512            1.49% 
                  -----------  ---------  ------------------  -------------------  ------------------- 
 James Turian**    US$37,500    3 82,025   62,687              444,712              0.14% 
                  -----------  ---------  ------------------  -------------------  ------------------- 
 

*4,193,800 Ordinary Shares, comprising part of Christopher Thomas's shareholding are held by Assiduous Group Ltd. Christopher Thomas is the sole shareholder and director of Assiduous Group Ltd.

**James Turian's shareholding is held in his wholly owned company Panda Holdings Limited.

Application will be made to the FCA and to the London Stock Exchange for the 764,050 Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to the standard segment of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities respectively. Dealings are expected to commence from 8.00 a.m. on 3 July 2020 ("Admission").

Following Admission, the Company will have in issue a total of 318,089,052 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, following Admission, the total number of voting rights in the Company will be 318,089,052 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, visit www.ferro-alloy.com or contact:

Ferro-Alloy Resources Limited

Nick Bridgen, Chief Executive Officer info@ferro-alloy.com

Shore Capital (Broker)

   Corporate Advisory: Toby Gibbs / Mark Percy / John More               Tel: +44 (0)207 408 4090 

Corporate Broking: Jerry Keen

VSA Capital (Financial Adviser) Tel: +44 (0)203 005 5000

Andrew Monk / Simon Barton

St Brides Partners Limited (Financial PR & IR Adviser)

Catherine Leftley / Priit Piip Tel: +44 (0)207 236 1177

 
         Details of the person discharging managerial responsibilities/person 
   1.                             closely associated 
  a)    Name:                                        Christopher Thomas 
       ------------------------------------  --------------------------------- 
  2.                         Reason for the notification 
       ----------------------------------------------------------------------- 
  a)    Position/status:                           Non-Executive Director 
       ------------------------------------  --------------------------------- 
  b)    Initial notification/Amendment:             Initial notification 
       ------------------------------------  --------------------------------- 
  3.    Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------- 
  a)    Name:                                    Ferro-Alloy Resources Ltd 
       ------------------------------------  --------------------------------- 
  b)    LEI: 
                                                    213800WAVVOPS85N2205 
       ------------------------------------  --------------------------------- 
  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                         Ordinary Shares of NPV 
         financial instrument, 
         type of instrument: 
         Identification code:                        ISIN: GG00BGDYDZ69 
       ------------------------------------  --------------------------------- 
  b)        Nature of the transaction:         Shares Issued in Lieu of Fees 
       ------------------------------------  --------------------------------- 
  c)          Price(s) and volume(s):                Price(s)   Volume(s) 
                                                         8p       382,025 
                                                               ---------- 
       ------------------------------------  --------------------------------- 
  d)          Aggregated information: 
                 Aggregated volume:                          n/a 
                       Price: 
       ------------------------------------  --------------------------------- 
  e)         Date of the transaction:                   30 June 2020 
       ------------------------------------  --------------------------------- 
  f)         Place of the transaction:             London Stock Exchange 
       ------------------------------------  --------------------------------- 
 
         Details of the person discharging managerial responsibilities/person 
   1.                             closely associated 
       ----------------------------------------------------------------------- 
  a)    Name:                                           James Turian 
       ------------------------------------  --------------------------------- 
  2.                         Reason for the notification 
       ----------------------------------------------------------------------- 
  a)    Position/status:                           Non-Executive Director 
       ------------------------------------  --------------------------------- 
  b)    Initial notification/Amendment:             Initial notification 
       ------------------------------------  --------------------------------- 
  3.    Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------- 
  a)    Name:                                    Ferro-Alloy Resources Ltd 
       ------------------------------------  --------------------------------- 
  b)    LEI: 
                                                    213800WAVVOPS85N2205 
       ------------------------------------  --------------------------------- 
  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                         Ordinary Shares of NPV 
         financial instrument, 
         type of instrument: 
         Identification code:                        ISIN: GG00BGDYDZ69 
       ------------------------------------  --------------------------------- 
  b)        Nature of the transaction:         Shares Issued in Lieu of Fees 
       ------------------------------------  --------------------------------- 
  c)          Price(s) and volume(s):                Price(s)   Volume(s) 
                                                         8p       382,025 
                                                               ---------- 
       ------------------------------------  --------------------------------- 
  d)          Aggregated information: 
                 Aggregated volume:                          n/a 
                       Price: 
       ------------------------------------  --------------------------------- 
  e)         Date of the transaction:                   30 June 2020 
       ------------------------------------  --------------------------------- 
  f)         Place of the transaction:             London Stock Exchange 
       ------------------------------------  --------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

END

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June 30, 2020 02:00 ET (06:00 GMT)

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