Last checked at 27 Feb 2017 13:43
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
27 February 2017
Ortac Resources Ltd ('Ortac' or 'the Company')
Directors' Shareholding
Ortac Resources Ltd, the mineral exploration company operating in Europe and Africa, was notified on 25 February 2017, that Mr Anthony Balme, Chairman of Ortac, sold 48,189,571 ordinary shares of the Company ("Ordinary Shares") on 24 February 2017 at a price of 0.0230 pence per share and his ISA purchased 48,189,571 Ordinary Shares at a price of 0.0231 pence per share on 24 February 2017.
Following this transaction, Anthony Balme's beneficial interest in the share capital of Ortac remained unchanged at 828,890,249 Ordinary Shares representing approximately 10.09 per cent. of the Company's issued ordinary share capital.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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: | Anthony Balme | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Executive Chairman | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Ortac Resources Ltd | ||||
b) | LEI: | 213800XHFJVCC9GP2G75 | ||||
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 no par value VGG6829M1005 | ||||
b) | Nature of the transaction: | Sale of shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 24/02/2017 15.26 hrs UTC | ||||
f) | Place of the transaction: | London Stock Exchange, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Anthony Balme | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Executive Chairman | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Ortac Resources Ltd | ||||
b) | LEI: | 213800XHFJVCC9GP2G75 | ||||
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 no par value VGG6829M1005 | ||||
b) | Nature of the transaction: | Purchase of shares through ISA | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 24/02/2017 15.26 hrs UTC | ||||
f) | Place of the transaction: | London Stock Exchange, AIM | ||||
-ENDS-
For further information, please contact: | ||||
Ortac Resources Ltd |
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Vassilios Carellas (CEO) | +44 (0) 20 3542 8661 | |||
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair | +44 (0) 20 3470 0470 | |||
Joint Brokers
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Beaufort Securities Jon Belliss / Elliot Hance
| +44 (0)20 7382 8300 | |||
Peterhouse Corporate Finance Limited Guy Miller Lucy Williams | +44 (0) 20 7469 0930 www.pcorpfin.com | |||
For additional information please visit - www.ortacresources.com