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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scotgold Resources Limited | LSE:SGZ | London | Ordinary Share | AU000XINEAK5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSGZ
RNS Number : 6006U
Scotgold Resources Ltd
30 July 2020
Scotgold Resources Limited
30 July, 2020
Scotgold Resources Limited
Option Award and PCA Dealing
Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that it has awarded Saint Consulting (UK) Limited 200,000 share options pursuant to services being provided for the construction activities required to complete the Cononish Gold and Silver Mine processing plant and other infrastructure ("Share Options").
The Share Options have an exercise price of 71p per depositary interest of no par value each and vest upon successful completion of hot commissioning of the Cononish mine processing plant if achieved on or before 31 December 2020. The Share Options shall lapse if unexercised by 31 December 2023.
Saint Consulting (UK) Limited is an entity controlled by Jason Saint, who is considered a person discharging managerial responsibility in the Company ("PDMR"), and, as such, constitutes a Person Closely Associated ("PCA") to Jason Saint for the purposes of the EU Market Abuse Regulation.
The Company currently has total issued capital of 51,351,733 ordinary shares and had 2,180,000 options in issue. On conclusion of the transactions described here, the Company will have a total of 2,380,000 options in issue which, if all options were exercised, would result in a fully diluted capital of 53,731,733 ordinary shares.
1. Details of the person discharging managerial responsibilities/person closely associated (a) Full name Saint Consulting (UK) Limited of person Dealing ------------------------------ --------------------------------------- 2. Reason for notification ----------------------------------------------------------------------- (a) Position/status PCA of Jason Saint, a PDMR ------------------------------ --------------------------------------- (b) Initial notification/ Initial notification Amendment ------------------------------ --------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- (a) Name of entity Scotgold Resources Limited ------------------------------ --------------------------------------- (b) LEI 213800HL5A2K7LW2G360 ------------------------------ --------------------------------------- 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 Share Options of the financial instrument, type of instrument ------------------------------ --------------------------------------- (b) Identification AU000XINEAK5 code ------------------------------ --------------------------------------- (c) Nature of Grant of Share Options the transaction ------------------------------ --------------------------------------- (d) Price(s) Prices(s) Volume(s) and volume(s) 71 pence 200,000 ------------------------------ --------------------------------------- (e) Aggregated information: - Aggregated N/A volume - Price ------------------------------ --------------------------------------- (f) Date of transaction 29 July 2020 ------------------------------ --------------------------------------- (g) Place of Outside a Trading Venue transaction ------------------------------ ---------------------------------------
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400 Richard Gray 306 SP Angel Corporate Finance Tel +44 (0) 20 3470 LLP 0470 Nomad and Broker Ewan Leggat / Charlie Bouverat
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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(END) Dow Jones Newswires
July 30, 2020 03:21 ET (07:21 GMT)
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