Last checked at 25 Jan 2019 07:00
25 January 2019
AIM: AAU
Director/PDMR Shareholdings
Total Voting Rights
Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company with gold mining operations in Turkey, is pleased to announce that it was informed today of the following purchases:
- on 22 January 2019, Dr. Kerim Sener, Managing Director, purchased 860,000 ordinary shares in the Company ("Ordinary Shares") at 1.75p per share. Following this purchase, Dr. Sener's total shareholding in the Company will be 19,564,252 Ordinary Shares representing 1.85% of the Company's issued share capital;
- on 22 January 2019, Michael de Villiers, Chairman, purchased 1,120,000 Ordinary Shares at 1.75p per share. Following this purchase, Mr. de Villiers' total shareholding in the Company will be 54,845,000 Ordinary Shares representing 5.18% of the Company's issued share capital; and
- on 22 January 2019, William Payne, Non-Executive Director, purchased 1,450,000 ordinary shares in the Company ("Ordinary Shares") at 1.75p per share. Following this purchase, Mr. Payne's and his family's total shareholding in the Company will be 9,359,314 Ordinary Shares representing 0.88% of the Company's issued share capital.
Total Voting Rights
As at the date of this announcement, the Company's issued share capital consists of 1,059,677,943 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,059,677,943.
The above figure of 1,059,677,943 Ordinary Shares 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Contacts:
Ariana Resources plc | Tel: +44 (0) 20 7407 3616 |
Michael de Villiers, Chairman |
|
Kerim Sener, Managing Director |
|
|
|
Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Roland Cornish / Felicity Geidt |
|
|
|
Panmure Gordon (UK) Limited | Tel: +44 (0) 20 7886 2500 |
James Stearns /Atholl Tweedie |
|
|
|
Yellow Jersey PR Limited | Tel: +44 (0) 20 3004 9512 |
Felicity Winkles / Tim Thompson / Harriet Jackson / Henry Wilkinson | arianaresources@yellowjerseypr.com |
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Kerim Sener
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kerim Sener | ||||
2 | Reason for notification | |||||
a) | Position / status | Managing Director
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ariana Resources plc
| ||||
b) | LEI | 213800LVVY7GZY21LH22 | ||||
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 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
| ||||
| Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 22 January 2019 | ||||
f) | Place of the transaction | Off-market | ||||
Michael de Villiers
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael de Villiers
| ||||
2 | Reason for notification | |||||
a) | Position / status | Chairman
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ariana Resources plc
| ||||
b) | LEI | 213800LVVY7GZY21LH22 | ||||
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 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
| ||||
| Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 22 January 2019 | ||||
f) | Place of the transaction | Off-market | ||||
William Payne
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | William Payne | ||||
2 | Reason for notification | |||||
a) | Position / status | Director
| ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ariana Resources plc
| ||||
b) | LEI | 213800LVVY7GZY21LH22 | ||||
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 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
| ||||
| Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 22 January 2019 | ||||
f) | Place of the transaction | Off-market | ||||
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Editors' Note
About Ariana Resources:
Ariana is an exploration and development company with mining operations focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey, the largest gold producing country in Europe. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database, which now contain a total of 1.6 million ounces of gold and other metals. Ariana's objective is to cost-effectively add value to its projects through focused exploration and to develop its operations, primarily through well-financed joint ventures.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.
In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.
Panmure Gordon (UK) Limited are broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
Ends.