Strategic Minerals PLC Admission of new shares/ PDMR Dealing (4813R)

TIDMSML

RNS Number : 4813R

Strategic Minerals PLC

21 September 2017

21 September 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company" or "SML")

Admission of new shares / PDMR Dealing

Further to the announcement released on 29 August 2017, Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, announces that Mr. John Peters, Managing Director of the Company, exercised options over 10,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of GBP0.01 per share. Application has been made for 10,000,000 new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). Admission of these new Ordinary Shares is now expected to occur on 25 September 2017.

Following the exercise of the share options, Mr. Peters will have an interest in 20,000,000 Ordinary Shares, representing 1.59% of the issued ordinary share capital of the Company, as enlarged by the above exercise of share options.

Following the issue of new Ordinary Shares in connection with the above share option exercise, the total issued share capital of the Company consists of 1,255,825,560 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,255,825,560 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                             Mr. John Peters 
---  --------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                  Managing Director 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment:   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                             Strategic Minerals 
                                         plc 
---  --------------------------------  ---------------------------------------- 
 b)   LEI:                              213800DICA5NPVOJT776 
---  --------------------------------  ---------------------------------------- 
 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,             0.1p each 
       type of instrument: 
       Identification code:              GB00B4W8PD74 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction:        Exercise of options 
                                         over ordinary shares 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s):            Price(s)    Volume(s) 
                                         ----------  ----------- 
                                          0.01 
                                           pence      10,000,000 
                                         ----------  ----------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information:           Single transaction 
       Aggregated volume:                as in 4 c) above Price(s)    Volume(s) 
       Price:                            ----------  ----------- 
                                          0.01 
                                           pence      10,000,000 
                                         ----------  ----------- 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction:          29 August 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction:         London Stock Exchange, 
                                         AIM (XLON) 
---  --------------------------------  ---------------------------------------- 
 

For further information, please contact:

 
                                                                              +61 (0) 414 
Strategic Minerals plc                                                        727 965 
John Peters 
Managing Director 
www.strategicminerals.net 
 
Follow Strategic Minerals on: 
Vox Markets: https://www.voxmarkets.co.uk/company/SML/ 
Twitter: @SML_Minerals 
LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc 
Facebook: https://www.facebook.com/search/top/?q=strategic%20minerals%20plc 
 
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Nominated Adviser and Joint Broker 
Ewan Leggat 
 
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Joint Broker 
Graeme Dickson 
 
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Financial PR 
Felicity Winkles 
Joe Burgess 
Henry Wilkinson 
 
 

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earths. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 21, 2017 10:42 ET (14:42 GMT)