Last checked at 23 Jan 2017 14:16
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
23 January 2017
Armadale Capital Plc (‘Armadale’ or ‘the Company’)
Director/PDMR Dealing
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) | Names | William Frewen – Non-Executive Chairman Steve Mahede – Non-Executive Director Nicholas Johansen – Non-Executive Director | |||
| 2. | Reason for the Notification | ||||
| a) | Position/status | See 1(a) above for positions – all classified as PDMRs of the Company | |||
| b) | Initial notification/ Amendment | Initial Notification | |||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Armadale Capital plc | |||
| b) | LEI | n/a | |||
| 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 | Ordinary shares of 0.1p (“Ordinary Shares”) | |||
| Identification code | GB00BYMSY631 | ||||
| b) | Nature of the transaction | Placing for cash | |||
| c) | Price(s) and volume(s) | Price: 2.5p per Ordinary Shares Volumes(s): William Frewen – 1,000,000 Ordinary Shares Steve Mahede – 250,000 Ordinary Shares Nicholas Johansen – 300,000 Ordinary Shares | |||
| d) | Aggregated information: Aggregated volume Price | William Frewen – 1,000,000 Ordinary Shares at 2.5p per Ordinary Share Steve Mahede – 250,000 Ordinary Shares at 2.5p per Ordinary Share Nicholas Johansen – 300,000 Ordinary Shares at 2.5p per Ordinary Share | |||
| e) | Date of the transaction | 23 January 2017 | |||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |||
**ENDS**
| Enquiries: | |||
| Armadale Capital Plc Charles Zorab, Company Secretary | +44 20 7233 1462 | ||
| Nomad and broker: finnCap Ltd Christopher Raggett / Simon Hicks | +44 20 7220 0500 | ||
| Joint Broker: Beaufort Securities Limited Jon Belliss | +44 20 7382 8300 | ||
| Press Relations: St Brides Partners Ltd Charlotte Page / Susie Geliher | +44 20 7236 1177 |
Notes
Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.
The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The project is located in a highly prospective region with proven coarse flake, high grade graphite.
Other assets Armadale has an interest in include the Mpokoto Gold project in the DRC and a portfolio of quoted investments.
More information can be found on the website www.armadalecapitalplc.com
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