Last checked at 29 Jun 2022 07:00
29 June 2022
Capital Metals PLC
("Capital Metals" or the "Company")
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Director Dealings
Capital Metals Plc (AIM: CMET), has been advised of the following Director Dealings in the ordinary shares of the Company on 28 June 2022.
Michael Frayne, Chief Executive of the Company, transferred 1,213,625 CMET ordinary shares representing 0.64 per cent of the Company's issued ordinary share capital, to Limerston Pty Ltd (a company of which Michael Frayne is the sole director and indirect beneficiary).
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Chulu Holdings Pty Ltd ATF The Chulu Trust (a trust of which Michael Frayne is a beneficiary) also transferred 750,000 CMET ordinary shares representing 0.40 per cent of the Company's issued ordinary share capital to Limerston Pty Ltd (a company of which Michael Frayne is the sole director and indirect beneficiary).
Following these transfers Michael Frayne's combined interest in the Company remains unchanged at 13,190,006 shares (representing 6.98% of the Company's issued ordinary share capital) comprising shares held by:
Chulu Holdings Pty Limited ATF The Chulu Trust 8,093,048
Limerston Pty Ltd 1,963,625
Mrs K Frayne 3,000,000
Mr M Frayne 133,333
Total 13,190,006
The Directors of the Company accept responsibility for the contents of this announcement.
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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: | Michael Frayne | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Chief Executive | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Capital Metals Plc | ||||||
b) | LEI: | 213800RR4MW1ETEMS859 Â | ||||||
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 £0.02 GB00BMF75608 | ||||||
b) | Nature of the transaction: | Transfer of Ordinary Shares from Mr M Frayne (1,213,625 shares) and Chulu Holdings Pty Ltd ATF The Chulu Trust (a trust of which Michael Frayne is a beneficiary) (750,000 shares) to Limerston Pty Ltd (a company in of which Mr Frayne is the sole director and indirect beneficiary (1,963,625 shares) | ||||||
c) | Price(s) and volume(s): | Ordinary Shares:
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d) | Aggregated information: Aggregated volume: Price: | Ordinary Shares:
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e) | Date of the transaction: | 28 June 2022 | ||||||
f) | Place of the transaction: | Off Market  | ||||||
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-ENDS-
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For further information please contact:
Michael Frayne (CEO) via Vigo Consulting | Â Â |
Vigo Consulting (Investor Relations) Ben Simons/Oliver Clark +44 (0) 20 7390 0234 capitalmetals@vigoconsulting.com | SPARK Advisory Partners (Nominated Adviser) Neil Baldwin James Keeshan +44 (0) 207 3368 3554 |
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WH Ireland Limited (Joint Broker) Tavira Securities Limited (Joint Broker)
Harry Ansell/Katy Mitchell Jonathan Evans/Oliver Stansfield
+44 (0) 20 7220 1666 +44 (0) 20 7100 5100
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For more information on Capital Metals please visit: www.capitalmetals.com
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About Capital Metals plc
Capital Metals is developing the Eastern Minerals Project in the Eastern Province of Sri Lanka, approximately 220km east of Colombo. The Eastern Minerals Project is one of the highest-grade mineral sands projects globally, with a current JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals, and potential for resource extension. Our goal is to become a high margin producer of mineral sands for the international market, with a commitment to applying best-in-class mining practices and bringing significant positive benefits to Sri Lanka and the local community with over 300 direct new jobs to be created and over US$100m in direct government royalties and taxes.
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Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.