Vast Resources plc Director Share Purchase

 
TIDMVAST 
 
 
   Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 
 
   20 April 2021 
 
   Vast Resources plc 
 
   ("Vast" or the "Company") 
 
   Director Share Purchase 
 
   Vast Resources plc, the AIM-listed mining company, announces that it was 
notified on 20 April 2021 that Mr Andrew Prelea, Chief Executive 
Director of the Company, purchased 25,000,000 ordinary shares of 0.1 
pence each in the share capital of the Company ("Ordinary Shares") at a 
price of 0.837 pence per Ordinary Share on the Secondary Market. 
 
   Following this purchase, Mr Prelea's total beneficial ownership in the 
Company is 1,606,514,739 Ordinary Shares, which represents approximately 
7.54% of the Company's issued share capital. 
 
   Market Abuse Regulation (MAR) Disclosure 
 
   Certain 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 as it forms part of UK Domestic Law 
by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until 
the release of this announcement. 
 
   The notifications below, made in accordance with the requirements of the 
UK Market Abuse Regulation, provide further detail on the directors' 
dealing in the Ordinary Shares. 
 
   **ENDS** 
 
   For further information, visit www.vastplc.com or please contact: 
 
 
 
 
Vast Resources plc                                www.vastplc.com 
 Andrew Prelea (CEO)                               [phone] 
 Andrew Hall (CCO) 
Beaumont Cornish - Financial & Nominated Adviser  www.beaumontcornish.com 
 Roland Cornish                                    [phone] 
 James Biddle 
SP Angel Corporate Finance LLP -- Joint Broker    www.spangel.co.uk 
 Richard Morrison                                  [phone] 
 Caroline Rowe 
Axis Capital Markets Limited -- Joint Broker      www.axcap247.com 
 Richard Hutchison                                 [phone] 
St Brides Partners Limited                        www.stbridespartners.co.uk 
 Susie Geliher                                     [phone] 
 
 
   ABOUT VAST RESOURCES PLC 
 
   Vast Resources plc is a United Kingdom AIM listed mining company with 
mines and projects in Romania and Zimbabwe. 
 
   In Romania, the Company is focused on the rapid advancement of 
high-quality projects by recommencing production at previously producing 
mines. 
 
   The Company's Romanian portfolio includes 100% interest in the producing 
Baita Plai Polymetallic Mine, located in the Apuseni Mountains, 
Transylvania, an area which hosts Romania's largest polymetallic mines. 
The mine has a JORC compliant Reserve & Resource Report which underpins 
the initial mine production life of approximately 3-4 years with an 
in-situ total mineral resource of 15,695 tonnes copper equivalent with a 
further 1.8M-3M tonnes exploration target. The Company is now working on 
confirming an enlarged exploration target of up to 5.8M tonnes. 
 
   The Company also owns the Manaila Polymetallic Mine in Romania, which 
was commissioned in 2015, currently on care and maintenance. The Company 
has been granted the Manaila Carlibaba Extended Exploitation License 
that will allow the Company to re-examine the exploitation of the 
mineral resources within the larger Manaila Carlibaba licence area. 
 
   In Zimbabwe, the Company is focused on the commencement of the joint 
venture mining agreement on the Community Diamond Concession, Chiadzwa, 
in the Marange Diamond Fields. 
 
   1. 
 
   Details of the person discharging managerial responsibilities/person 
closely associated 
 
   a) 
 
   Name: 
 
   Andrew Prelea 
 
   2. 
 
   Reason for the notification 
 
   a) 
 
   Position/status: 
 
   Chief Executive Officer 
 
   b) 
 
   Initial notification/Amendment: 
 
   Initial notification 
 
   3. 
 
   Details of the issuer, emission allowance market participant, auction 
platform, auctioneer or auction monitor 
 
   a) 
 
   Name: 
 
   Vast Resources Plc 
 
   b) 
 
   LEI: 
 
   213800QXLO766CMGCQ60 
 
   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 financial instrument, type of instrument: 
 
   Identification code: 
 
   Ordinary shares of GBP0.1 each 
 
   b) 
 
   Nature of the transaction: 
 
   Share purchase 
 
   c) 
 
   Price(s) and volume(s): 
 
 
 
 
Price(s)    Volume(s) 
----------  ---------- 
GBP0.0837   25,000,000 
----------  ---------- 
 
 
   d) 
 
   Aggregated information: 
 
   Aggregated volume: 
 
   Price: 
 
 
 
 
Price(s)    Volume(s) 
----------  ---------- 
GBP0.0837   25,000,000 
----------  ---------- 
 
 
   e) 
 
   Date of the transaction: 
 
   20 April 2021 
 
   f) 
 
   Place of the transaction: 
 
   AIM, London Stock Exchange 
 
 
 
 

(END) Dow Jones Newswires

April 20, 2021 07:15 ET (11:15 GMT)

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