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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Firering Strategic Minerals Plc | LSE:FRG | London | Ordinary Share | CY0109692117 | ORD EUR0.001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 6.45% | 3.30 | 3.20 | 3.40 | 3.30 | 3.25 | 3.25 | 1,055,010 | 13:41:32 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 1.61M | -84k | -0.0008 | -41.25 | 3.36M |
TIDMFRG
RNS Number : 8198N
Firering Strategic Minerals PLC
27 September 2023
27 September 2023
Firering Strategic Minerals Plc
("Firering", the "Company" or the "Group")
PDMR Subscription
Firering Strategic Minerals Plc (AIM:FRG), an exploration and development company focusing on strategic minerals, announces that, further to the recent placing announced on 21 September 2023 (the "Placing"), Youval Rasin (non-executive chairman), Neil Herbert (senior independent non-executive director), Yehoshua Shai Kol (chief financial officer) and Vassilios Carellas (independent non-executive director), have subscribed for, in aggregate, 1,076,922 new ordinary shares of EUR0.001 each in the Company (the "Ordinary Shares") at a price of 6.5 pence per Ordinary Share (the "Subscription Shares"), raising additional cash proceeds of GBP70,000 (the "PDMR Subscription"). In total the Placing, which was oversubscribed, together with the PDMR Subscription, raised GBP826,000 in aggregate.
Pursuant to MAR, the directors of the Company, together with their related parties, were not permitted to enter into the subscription agreement until after publication of the Interim Results, which happened at 700 a.m. today: https://www.londonstockexchange.com/news-article/FRG/interim-results/16141160 .
Related Party Transaction
The Subscriptions by each of Youval Rasin, Neil Herbert, Yehoshua Shai Kol and Vassilios Carellas ("Subscribing Directors") constitute related party transactions under AIM Rule 13 of the AIM Rules for Companies.
Yuval Cohen, the Independent Director for this purpose, having consulted with the Company's Nominated Adviser, considers the Subscriptions by the Subscribing Directors to be fair and reasonable insofar as the Company's shareholders are concerned.
Issue of Equity
30,736 ordinary shares of EUR0.001 each ("Fee Shares") have been issued, at an issue price of 8.1 pence per share to certain advisors in settlement of fees due of GBP2,500.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of the 1,076,922 Subscription Shares and 30,376 Fee Shares, making a total of 1,107,298 shares to trading on AIM. It is expected that admission will become effective and dealings in the Subscription Shares will commence on AIM at 8.00 a.m. on or around 3 October 2023.
The Subscription Shares and Fee Shares have been issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 101,836,699 with voting rights. This figure may be used by shareholders 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's issued share capital pursuant to the Company's Articles.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made at 6.33 p.m. on 20 September 2023, unless the context requires otherwise.
Revised shareholdings following Admission
On Admission, the revised shareholdings of the following PDMR's will be:
Name Position Holding of % of Enlarged Ordinary Shares issued share capital Non-Executive Youval Rasin Chairman 12,994,615 12.76% --------------------------- ----------------- -------------- Senior Independent Non-Executive Neil Herbert* Director 1,839,986 1.81% --------------------------- ----------------- -------------- Yehoshua Shai Chief Financial Kol Officer 7,143,846 7.02% --------------------------- ----------------- -------------- Vassilios Independent Non-Executive Carellas Director 153,846 0.15% --------------------------- ----------------- --------------
*Shares are held by Cambrian Ltd, a company in which Mr Herbert has a beneficial interest.
For further information on the Company, please visit www.fireringplc.com or contact:
Firering Strategic Minerals Tel: +44 20 7236 1177 Yuval Cohen Vassilios Carellas SPARK Advisory Partners Limited Tel: +44 20 3368 Nominated Adviser 3550 Neil Baldwin / James Keeshan / Adam Dawes Optiva Securities Limited Tel: +44 20 3137 Broker 1903 Christian Dennis / Daniel Ingram St Brides Partners Limited T: +44 20 7236 1177 Financial PR E: firering @stbridespartners.co.uk Ana Ribeiro / Susie Geliher / Isabelle Morris Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Y ouval Raisin -------------------------------------- ---------------------------------------- Reason for the notification 2 -------------------------------------------------------------------------------- a) Position/status Non-Executive Chairman -------------------------------------- ---------------------------------------- b) Initial notification Initial notification /Amendment -------------------------------------- ---------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name Firering Strategic Minerals PLC -------------------------------------- ---------------------------------------- b) LEI 2138005GMF9GR4W9MN36 -------------------------------------- ---------------------------------------- Details of the transaction(s): section to be repeated 4 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 EUR0.001 each financial instrument, in the share capital of Firering type of instrument Strategic Minerals PLC Identification code b) Nature of the transaction Subscription for Ordinary Shares -------------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------ ----------------- Price(s) Volume(s) ------------------ ----------------- 6.5 pence 384,615 -------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 27 September 2023 -------------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------------- ---------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Neil Herbert -------------------------------------- ---------------------------------------- Reason for the notification 2 -------------------------------------------------------------------------------- a) Position/status Senior Independent Non-Executive Director -------------------------------------- ---------------------------------------- b) Initial notification Initial notification /Amendment -------------------------------------- ---------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name Firering Strategic Minerals PLC -------------------------------------- ---------------------------------------- b) LEI 2138005GMF9GR4W9MN36 -------------------------------------- ---------------------------------------- Details of the transaction(s): section to be repeated 4 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 EUR0.001 each financial instrument, in the share capital of Firering type of instrument Strategic Minerals PLC Identification code b) Nature of the transaction Subscription for Ordinary Shares -------------------------------------- ---------------------------------------- c) Price(s) and volume(s)
------------------ ----------------- Price(s) Volume(s) ------------------ ----------------- 6.5 pence 384,615 -------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 27 September 2023 -------------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------------- ---------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Yehoshua Shai Kol -------------------------------------- ---------------------------------------- Reason for the notification 2 -------------------------------------------------------------------------------- a) Position/status Chief Financial Officer -------------------------------------- ---------------------------------------- b) Initial notification Initial notification /Amendment -------------------------------------- ---------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name Firering Strategic Minerals PLC -------------------------------------- ---------------------------------------- b) LEI 2138005GMF9GR4W9MN36 -------------------------------------- ---------------------------------------- Details of the transaction(s): section to be repeated 4 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 EUR0.001 each financial instrument, in the share capital of Firering type of instrument Strategic Minerals PLC Identification code b) Nature of the transaction Subscription for Ordinary Shares -------------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------ ----------------- Price(s) Volume(s) ------------------ ----------------- 6.5 pence 153,846 -------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 27 September 2023 -------------------------------------- ---------------------------------------- f) Place of the transaction AIM -------------------------------------- ---------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Vassilios Carellas -------------------------------------- ----------------------------------------- Reason for the notification 2 --------------------------------------------------------------------------------- a) Position/status Independent Non-Executive Director -------------------------------------- ----------------------------------------- b) Initial notification Initial notification /Amendment -------------------------------------- ----------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------- a) Name Firering Strategic Minerals PLC -------------------------------------- ----------------------------------------- b) LEI 2138005GMF9GR4W9MN36 -------------------------------------- ----------------------------------------- Details of the transaction(s): section to be repeated 4 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 EUR0.001 each financial instrument, in the share capital of Firering type of instrument Strategic Minerals PLC Identification code b) Nature of the transaction Subscription for Ordinary Shares -------------------------------------- ----------------------------------------- c) Price(s) and volume(s) ------------------- ----------------- Price(s) Volume(s) ------------------- ----------------- 6.5 pence 153,846 --------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 27 September 2023 -------------------------------------- ----------------------------------------- f) Place of the transaction AIM -------------------------------------- -----------------------------------------
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DSHQDLBLXKLEBBZ
(END) Dow Jones Newswires
September 27, 2023 03:27 ET (07:27 GMT)
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