Pembridge Resources plc Director/PDMR Shareholding (6431T)

TIDMPERE

RNS Number : 6431T

Pembridge Resources plc

25 July 2022

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS AMENDED BY REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

25 July 2022

Director/PDMR Shareholding

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") announces an increase in the shareholding of its Chairman and CEO, Gati Al-Jebouri, who is one of the Company's major shareholders.

The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 300,401 Pembridge shares on the market at an average price of 3.7p per share on 23 July 2022. As a result, Mr Al-Jebouri's holding has increased from 20.00% to 21.35% of the issued share capital of the Company.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

PDMR Notification Form

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                 Gati Al-Jebouri 
      -----------------------------------  -------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------- 
 a)    Position/status                      Chairman & CEO 
      -----------------------------------  -------------------------------- 
 b)    Initial notification                 Initial Notification 
        /Amendment 
      -----------------------------------  -------------------------------- 
       Details of the issuer, emission allowance market 
  3     participant, auction platform, auctioneer or auction 
        monitor 
      --------------------------------------------------------------------- 
 a)    Name                                 Pembridge Resources plc 
      -----------------------------------  -------------------------------- 
 b)    LEI                                  213800TBL26T6GO88M13 
      -----------------------------------  -------------------------------- 
       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                          Ordinary shares 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification                       GB00BG107324 
        code 
 
 b)    Nature of the                        Purchase on market 
        transaction 
      -----------------------------------  -------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                           --------------  -------------- 
                                            Price(s)        Volume(s) 
                                           --------------  -------------- 
                                            0.037           100,401 
                                           --------------  -------------- 
                                            0.036           100,000 
                                           --------------  -------------- 
                                            0.037           100,000 
                                           --------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated 
   volume                                   300,401 
 
       - Price                              GBP 11,014.84 
 
       Date of the 
 e)     transaction                         2 3 /07/2022 
      -----------------------------------  -------------------------------- 
 f)    Place of the                         London UK 
        transaction 
      -----------------------------------  -------------------------------- 
 

Cautionary Statement

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company, or management, expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company's ability to predict or counteract the potential impact of COVID-19 coronavirus on factors relevant to the Company's business, failure to identify additional mineral resources, failure to convert estimated mineral resources to reserves with more advanced studies, the inability to eventually complete a feasibility study which could support a production decision, the preliminary nature of metallurgical test results may not be representative of the deposit as a whole, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

ENDS

NOTES TO EDITORS

About Pembridge Resources plc

Pembridge is a mining company that is listed on the standard segment of the Official List of the FCA and trading on the main market for listed securities of London Stock Exchange plc. Pembridge has an investment in Minto Metals Corp, a British Columbia incorporated business listed on the TSX Venture Exchange under the symbol "MNTO" that operates the Minto mine in Yukon, Canada.

Enquiries:

Pembridge Resources plc: [phone]

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board

David James, Chief Financial Officer

   Tavira Securities - United Kingdom:                                             [phone] 

Jonathan Evans

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFELFLLDLXBBF

(END) Dow Jones Newswires

July 25, 2022 07:33 ET (11:33 GMT)