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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rainbow Rare Earths Limited | LSE:RBW | London | Ordinary Share | GG00BD59ZW98 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.40% | 12.50 | 12.00 | 13.00 | 12.75 | 12.475 | 12.75 | 583,653 | 09:21:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chem,fertlizer Minrl Mng,nec | 0 | -11.98M | -0.0192 | -6.51 | 78.08M |
TIDMRBW
RNS Number : 9610S
Rainbow Rare Earths Limited
06 October 2017
6 October 2017 LSE: RBW
Rainbow Rare Earths Limited
("the Company" or "the Group")
Notification and public disclosure of transactions by PDMR
and persons closely associated with them
a)
1. Details of the person discharging managerial responsibilities / person closely associated --------- ---------------------------------------------------------------- a) Name Jim Wynn --------- ------------------------------------- ------------------------- 2. Reason for the notification --------- ---------------------------------------------------------------- a) Position/status CFO --------- ------------------------------------- ------------------------- b) Initial notification/Amendment Initial notification --------- ------------------------------------- ------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------- ---------------------------------------------------------------- a) Name Rainbow Rare Earths Limited --------- ------------------------------------- ------------------------- b) LEI 213800HONYSAXTG6KS11 --------- ------------------------------------- ------------------------- 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 financial instrument, No Par Value type of instrument Identification code GG00BD59ZW98 --------- ------------------------------------- ------------------------- b) Nature of the transaction Purchase of Shares of No Par Value --------- ------------------------------------- ------------------------- c) Price(s) and volume(s) Price(s) Volume(s) --------- ------------------------------------- ----------- ------------ 0.12 83,250 ----------------------------------------------- ----------- ------------ d) Aggregated information * Aggregated volume 83,250 9,990 * Price ----------------------------------------------- ------------------------- e) Date of the transaction 2017-10-06 --------- ------------------------------------- ------------------------- f) Place of the transaction London Stock Exchange, Main Market (XLON) --------- ------------------------------------- -------------------------
**ENDS**
For further information, please visit http://rainbowrareearths.com or contact:
Rainbow Rare Earths Martin Eales Tel: +44 (0) Ltd 20 3910 4550 St Brides Partners Lottie Wadham Tel: +44 (0) Ltd Susie Geliher 20 7236 1177 Arden Partners plc William Vandyk Tel: +44 (0) Benjamin Cryer 20 7614 5900 Hannam & Partners Neil Passmore Tel: +44 (0) (Advisory) LLP Ben Newman-Sanders 20 7907 8500
Notes to Editors:
Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally. The Company has raised US$8 million to fast-track the fully permitted Gakara Project to production ahead of targeted first sales of concentrate by the end of 2017. Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Raw Materials secured for the sale of at least 5,000 tpa of concentrate produced. The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUNRARBUARRAA
(END) Dow Jones Newswires
October 06, 2017 07:04 ET (11:04 GMT)
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