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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Strategic Minerals Plc | LSE:SML | London | Ordinary Share | GB00B4W8PD74 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 0.20 | 0.30 | 0.00 | 07:45:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Iron Ores | 2.46M | 84k | 0.0000 | N/A | 4.44M |
From Apr 2019 to Apr 2024
TIDMSML
RNS Number : 2468D
Strategic Minerals PLC
30 January 2018
Market Abuse Regulation (MAR) Disclosure
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.
30 January 2018
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Directors Exercise 15,000,000 30 June 2018 Options
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce that its three Directors, Alan Broome, Peter Wale and John Peters have exercised a total of 15,000,000 vested options.
Application will be made for the shares to be admitted to trading on AIM and admission is expected to take place on or around 06 February 2018.
The breakdown of the options exercised/shares and Directors' holdings post the issuance are:
Hot Features
Premium
Options Exercised Total Holding Percentage
on Issue**
Peter
Wale 2,000,000 48,364,000 3.62%
Alan Broome 3,000,000 3,147,319 0.23%
John Peters 10,000,000 30,500,000 2.28%
15,000,000 82,011,319 6.13%
** Adjusted shares issued 1,337,492,227
The exercise of these options completes all vested options expiring 30 June 2018. A further 25,000,000 vested options exist, all held by the Company's three Directors, with an expiry date of 30 June 2019.
Managing Director of Strategic Minerals, Mr John Peters, commented:
"The exercise of the options by all Directors shows the high level of confidence we all have in the future performance of the Company. The three Directors are committed long term holders and, like our shareholders, expect to fully participate in the significant expected growth in the company.
"In line with recent shareholder approvals, the Board hopes to announce, in the near future, the formation of new options with higher vesting prices."
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name
Peter Wale
---- ----------------------------- -----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Non-Executive 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 Options over ordinary shares
the financial of 0.1 pence each in the
instrument, type Company
of instrument
----
Identification GB00B4W8PD74
code
b) Nature of the Issue of ordinary shares
transaction as a result of the exercise
of unlisted options
---- ----------------------------- -----------------------------------
c) Price(s) and volume(s)
---- --------------- ---------------
Price(s) Volume(s)
---- --------------- ---------------
1 pence 2,000,000
-------------------------------------------------- ---------------
d) Aggregated information N/A Single transaction
----
- Aggregated volume Price(s) Volume(s)
---------- ----------
1 pence 2,000,000
---------- ----------
- Price
e) Date of the transaction 30 January 2018
---- ----------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
---- ----------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name Alan Broome
---- ------------------------------ -----------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/status Non-Executive Chairman
---- ------------------------------ -----------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------ -----------------------------------
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 Options over ordinary shares
the financial of 0.1 pence each in the
instrument, type Company
of instrument
----
Identification GB00B4W8PD74
code
----
b) Nature of the Issue of ordinary shares
transaction as a result of the exercise
of unlisted options
---- ------------------------------ -----------------------------------
c) Price(s) and volume(s)
---- --------------- ---------------
Price(s) Volume(s)
---- --------------- ---------------
1 pence 3,000,000
--------------------------------------------------- ---------------
d) Aggregated information N/A Single transaction
----
- Aggregated volume Price(s) Volume(s)
---------- ----------
1 pence 3,000,000
---------- ----------
- Price
e) Date of the transaction 30 January 2018
---- ------------------------------ -----------------------------------
f) Place of the transaction Outside a trading venue
---- ------------------------------ -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name John Peters
---- ----------------------------- -----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Managing Director
---- ----------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
---- ----------------------------- -----------------------------------
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 Options over ordinary shares
the financial of 0.1 pence each in the
instrument, type Company
of instrument
----
Identification GB00B4W8PD74
code
b) Nature of the Issue of ordinary shares
transaction as a result of the exercise
of unlisted options
---- ----------------------------- -----------------------------------
c) Price(s) and volume(s)
---- --------------- ---------------
Price(s) Volume(s)
---- --------------- ---------------
1 pence 10,000,000
-------------------------------------------------- ---------------
d) Aggregated information N/A Single transaction
----
- Aggregated volume Price(s) Volume(s)
---------- -----------
1 pence 10,000,000
---------- -----------
- Price
e) Date of the transaction 30 January 2018
---- ----------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
---- ----------------------------- -----------------------------------
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
+44 (0)20
SP Angel Corporate Finance LLP 3470 0470
Nominated Adviser and Joint Broker
Ewan Leggat
+44 (0) 7769
Yellow Jersey PR 325254
Financial PR
Charles Goodwin
Joe Burgess
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 that are prospective for cobalt, gold, nickel sulphides and rare earth elements. 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 was completed in February 2017 and the first drilling programme at the project has been completed. The Company has also exchanged contracts for the acquisition of the Leigh Creek Copper Mine, situated in the copper rich belt of South Australia, which is subject to Conditions Precedent.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHPGUWAGUPRGAB
(END) Dow Jones Newswires
January 30, 2018 02:00 ET (07:00 GMT)
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