Highland Gold Mining Limited Director/PDMR Shareholdings (1913Q)

TIDMHGM

RNS Number : 1913Q

Highland Gold Mining Limited

15 February 2019

HIGHLAND GOLD MINING LIMITED

15 February 2019

Director/PDMR Shareholdings

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) has been informed that its shareholder Aristus Holdings Limited ("Aristus") has sold the 38,621,343 ordinary shares of GBP0.001 each it held in the Company ("Ordinary Shares") to its underlying beneficiaries.

Executive Chairman Eugene Shvidler and Non-Executive Director Valery Oyf, the latter via Matteson Overseas Limited, were among the participants in this transaction.

The holdings in question are as follows:

 
 Name                     Percentage         Percentage of          Number of   New Percentage 
                           of Issued          Issued Share           Ordinary        of Issued 
                       Share Capital    Capital Previously    Shares Acquired    Share Capital 
                          Previously         Held Directly       from Aristus    Held Directly 
                       Held Directly          & Indirectly 
 Eugene Shvidler              11.23%                12.29%          3,861,169           12.29% 
 Matteson Overseas 
  Limited (Valery 
  Oyf)                         3.99%                 4.52%          1,932,033            4.52% 
 

The shares sold by Aristus, which were issued by Highland Gold as consideration for its recent acquisition of the Valunisty mine and related assets, are subject to a six-month Lock-in Agreement (effective from the date of Admission of the consideration shares). Messrs Shvidler and Oyf, as well as the other Aristus beneficiaries, continue to be bound by both the Lock-in Agreement and the Relationship Agreement with the Company, as described in the Company's circular of 26 April 2018.

FOR FURTHER INFORMATION PLEASE CONTACT:

 
 Highland Gold Mining Ltd.       John Mann, Head of Communications 
                                  + 7 495 424 95 21 
                                  Duncan Baxter, Non-Executive Director 
                                  + 44 (0) 1534 814 202 
 Numis Securities Limited        John Prior, James Black, Paul Gillam 
  (Nominated Adviser and Joint    [phone] 
  Broker) 
 BMO Capital Markets Limited     Jeffrey Couch, Tom Rider, Pascal Lussier 
  (Joint Broker)                  Duquette 
                                  [phone] 
 Peat & Co                       Charlie Peat 
  (Joint Broker)                  [phone] 
 

HIGHLAND GOLD MINING LIMITED

DIRECTORS' DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name:                                                                            Eugene Shvidler 
 2.   Reason for the 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)   Company name:                                                                    Highland Gold Mining Ltd. 
 b)   LEI:                                                                             213800QQFH2CBTW5BX79 
 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: 
                                                                                         Ordinary shares of 0.1p each 
       Identification code: 
                                                                                         GB0032360173 
 b)   Nature of the transaction:                                                       Distribution of ordinary shares 
 c)                                                                                     Price(s)     Volume 
                                                                                         GBP1.641*    3,861,169 
 d)   Aggregated information:                                                           Price            Total Volume 
                                                                                         GBP6,336,178*    3,861,169 
 e)   Date of the transaction:                                                         12 February 2019 
 f)   Place of the transaction:                                                        Outside a trading venue 
 

* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 8,301,513.

HIGHLAND GOLD MINING LIMITED

DIRECTORS' DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name:                                                                            Valery Oyf 
 2.   Reason for the notification 
 a)   Position/status:                                                                 Director 
 b)   Initial notification/Amendment:                                                  Initial notification 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Company name:                                                                    Highland Gold Mining Ltd. 
 b)   LEI:                                                                             213800QQFH2CBTW5BX79 
 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: 
                                                                                         Ordinary shares of 0.1p each 
       Identification code: 
                                                                                         GB0032360173 
 b)   Nature of the transaction:                                                       Distribution of ordinary shares 
 c)                                                                                     Price(s)     Volume 
                                                                                         GBP1.641*    1,932,033 
 d)   Aggregated information:                                                           Price            Total Volume 
                                                                                         GBP3,170,466*    1,932,033 
 e)   Date of the transaction:                                                         12 February 2019 
 f)   Place of the transaction:                                                        Outside a trading venue 
 

* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 4,153,870.

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.

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February 15, 2019 02:01 ET (07:01 GMT)