Stratex International PLC Director's Shareholding (1831I)

TIDMSTI

RNS Number : 1831I

Stratex International PLC

19 March 2018

Stratex International Plc

('Stratex' or 'the Company')

Director's Shareholding

Stratex, the AIM-quoted gold-focused exploration and development company in Turkey and Africa, has been notified that further to this morning's announcement, Tim Livesey, the Company's CEO, has purchased a further 856,659 ordinary shares in the Company at 0.699 p per share.

Mr Livesey now holds 2,746,800 shares in the Company which equates to 0.59% of the issued share capital. He also holds 6,000,000 share options.

The updated PDMR form to be filed with the UKLA is shown below.

** ENDS **

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please visit www.stratexinternational.com, @StratexPLC on Twitter,

or contact:

 
 Stratex International    Tel: +44 (0)20 
  Plc                      830 9650 
 Tim Livesey / Claire 
  Bay 
 
 Camarco (IR/PR           Tel: +44 (0)20 
  Contact)                 3757 4980 
 Gordon Poole / 
  Nick Hennis / Monique 
  Perks 
 
 Grant Thornton           Tel: +44 (0)20 
  UK LLP                   7383 5100 
 Samantha Harrison 
 Hannam & Partners        Tel: +44 (0)20 
                           7907 8500 
 Neil Passmore / 
  Andrew Chubb 
 
 

Notes to Editors:

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns an exciting exploration project in Senegal on which it has signed an option earn-in agreement with IAMGOLD and 14.87% of a copper-gold project at feasibility stage in Turkey, which will likely default to a 1.2% (post-Turkish tax) royalty position during H1-2018. The Company also has significant interests in Thani Stratex Resources Ltd, Tembo Gold Corp. and Aforo Resources Limited for their exploration projects in Djibouti and Egypt, Tanzania and Burkina Faso, respectively. The Company is currently pursuing value-accretive opportunities within its existing portfolio as well as identifying new value-appropriate projects in Africa and Europe.

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 
                                       Timothy James Livesey 
----  ----------------------------  ----------------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------------- 
 a)    Position/status               Chief Executive Officer 
----  ----------------------------  ----------------------------------------- 
 b)    Initial notification          Initial notification 
        /Amendment 
----  ----------------------------  ----------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ----------------------------------------------------------------------- 
 a)    Name                          Stratex International PLC 
----  ----------------------------  ----------------------------------------- 
 b)    LEI                           213800X32GJR5AGAR511 
----  ----------------------------  ----------------------------------------- 
 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 1 pence 
        the financial                 each in the capital of the 
        instrument, type              Company 
        of instrument 
---- 
 
       Identification                Ordinary share ISIN: GB00B0T29327 
        code 
 
 b)    Nature of the                 Purchase of ordinary shares. 
        transaction 
----  ----------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
----                                      --------------  --------------- 
                                           Price(s)        Volume(s) 
----                                      --------------  --------------- 
                                           0.74            1,890,141 
                                            0.699           856,659 
                                          --------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume           2,746,800 
 
  - Price                       0.73 
 
 e)    Date of the transaction       19(th) March 2018 
----  ----------------------------  ----------------------------------------- 
 f)    Place of the transaction      London Stock Exchange 
----  ----------------------------  ----------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 19, 2018 11:07 ET (15:07 GMT)