Shanta Gold Limited Director/PDMR Shareholding (7394K)

TIDMSHG

RNS Number : 7394K

Shanta Gold Limited

06 January 2021

06 January 2021

Shanta Gold Limited

("Shanta Gold" or the "Company")

Director/PDMR Shareholding

   Notification of transaction by   Person Discharging Managerial Responsibilities ("PDMR') 
 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a.              Name                                    Ketan Patel 
                --------------------------------------  ------------------------------------- 
            2.   Reason for the notification 
                ----------------------------------------------------------------------------- 
            a.   Position/status                         N on-Executive Director 
                --------------------------------------  ------------------------------------- 
            b.   Initial notification                    Initial Notification 
                  /Amendment 
                --------------------------------------  ------------------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ----------------------------------------------------------------------------- 
            a.   Name                                    Shanta Gold Limited 
                --------------------------------------  ------------------------------------- 
            b.   LEI                                     2138004VR5BVV1VD7P81 
                --------------------------------------  ------------------------------------- 
            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                          Ordinary shares of 0.01 pence each 
                  the 
                  Financial instrument,                   GB00BOC6R828 
                  type of instrument 
                  Identification 
                  code 
                --------------------------------------  ------------------------------------- 
            b.   Nature of the                           Purchase of shares 
                  transaction 
                --------------------------------------  ------------------------------------- 
            c.   Price(s) and volume(s)                  Price(s)            Volume(s) 
                                                          GBP0.17             240,000 
                                                          GBP0.16             16,251 
                --------------------------------------  ------------------  ----------------- 
            d.        Aggregated information 
                        *    Aggregated volume 
                                                                      256,251 
                                                                      GBP43,400.16 
                        *    Price 
                --------------------------------------  ------------------------------------- 
            e.   Date of the transaction                 31 December 2020 
                --------------------------------------  ------------------------------------- 
            f.   Place of the transaction                London Stock Exchange 
                --------------------------------------  ------------------------------------- 
 

Following the purchase, Ketan Patel holds 44,530,268 ordinary shares in the Company which represents 4.27% of the Company's issued share capital.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries:

 
Shanta Gold Limited 
Eric Zurrin (CEO)                               [phone] 
Luke Leslie (CFO) 
 
Nominated Adviser and Joint Broker 
Liberum Capital Limited 
Scott Mathieson / Ed Thomas / Louis Davies / 
 Nikhil Varghese                                [phone] 
 
Joint Broker 
Tamesis Partners LLP 
Charlie Bendon / Richard Greenfield             [phone] 
 

About Shanta Gold

Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km(2) in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined ore resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 84,506 ounces in 2019. The Company has been admitted to trading on London's AIM market and has approximately 1,043 million shares in issue. For further information please visit: www.shantagold.com.

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January 06, 2021 03:31 ET (08:31 GMT)