3 Feb 2015 17:10
03 February 2015 AIM:AMA
Amara Mining plc
("Amara" or "the Company")
DIRECTORS' DEALINGS
Amara Mining plc, the AIM-listed West African focused gold mining company, announces that at a meeting of the Company held earlier today, it was agreed that the non-executive directors of Amara (Messrs Peter Cowley, Alex Davidson, Hendrik Faul, Peter Hain and Geoff Stanley) would each be issued with new ordinary shares of 1p each in the Company ("Ordinary Shares") to the value of £5,000, in accordance with the terms of their individual letters of appointment.
In total, 156,250 new Ordinary Shares have been issued at a price of 16.00p, being the closing price on 02 February 2015.
The details of each director's interest are set out below:
Non-Executive Director | Shares Issued | Previous Holding | New Holding | Percentage of Enlarged Share Capital (%) |
Peter Cowley | 31,250 | 83,284 | 114,534 | 0.035 |
Alex Davidson | 31,250 | - | 31,250 | 0.009 |
Hendrik Faul | 31,250 | 49,509 | 80,759 | 0.025 |
Peter Hain | 31,250 | 141,806 | 173,056 | 0.053 |
Geoff Stanley | 31,250 | 171,565 | 202,815 | 0.062 |
Pursuant to the above issue of shares, the Company has made application to the London Stock Exchange for 156,250 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 06 February 2015.
Following Admission, the total issued share capital of the Company will be 329,136,077 Ordinary Shares, all of which have voting rights.
The above figure of 329,136,077 may be used by shareholders 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 Amara under the FSA's Disclosure and Transparency Rules.
For more information please contact:
Amara Mining plc Catherine Apthorpe, Company Secretary Katharine Sutton, Head of Investor Relations
| +44 (0)20 7398 1420 |
Peel Hunt LLP (Nominated Adviser & Joint Broker) Matthew Armitt Ross Allister
| +44 (0)20 7418 8900 |
GMP Securities Europe LLP (Joint Broker) Richard Greenfield Alex Carse
| +44 (0)20 7647 2800 |
Farm Street Communications (Media Relations) Simon Robinson | +44 (0)7593 340 107
|
About Amara Mining plc
Amara is a gold explorer/developer with assets in West Africa. The Company is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be achieved by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production, Amara aims to further increase its production profile with highly prospective opportunities across both assets.