Last checked at 31 Aug 2021 07:00
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
31 August 2021
Empire Metals Limited ('Empire' or the 'Company')
Director Dealings
Empire Metals Limited announces that it was notified today that on 27 August 2021, Mr Gregory Kuenzel, Finance Director of the Company, purchased 1,000,000 ordinary shares of no par value in the share capital of the Company ('Ordinary Shares'), at an average price of 1.669 pence, Mr Michael Struthers, Non-Executive Director of the Company, purchased 600,000 Ordinary Shares, at a price of 1.65 pence and Mr Peter Damouni, Non-Executive Director of the Company, purchased 302,114 Ordinary Shares at a price of 1.655 pence.
Following this purchase, Mr Gregory Kuenzel's total beneficial ownership in the Company is 1,597,467 Ordinary Shares representing 0.47% of the Company's issued share capital, Mr Michael Struthers' total beneficial ownership in the Company is 950,000 Ordinary Shares representing 0.28% of the Company's issued share capital, Mr Peter Damouni's total beneficial ownership in the Company is 1,209,614 Ordinary Shares representing 0.36% of the Company's issued share capital.
Market Abuse Regulation (MAR) Disclosure
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the dealings by a director.
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: | Gregory Kuenzel | |||||||||
2. | Reason for the notification | ||||||||||
a) | Position/status: | Finance Director | |||||||||
b) | Initial notification/Amendment: | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name: | Empire Metals Limited | |||||||||
b) | LEI: | 2138002IOR7OCZZPB279 | |||||||||
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 VGG9688A1003 | |||||||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | |||||||||
c) | Price(s) and volume(s): |
| |||||||||
d) | Aggregated information: Aggregated volume: Price: Aggregated volume: Price:
| Single transactions as in 4 c) above
| |||||||||
e) | Date of the transaction: | 2021-08-27 1. 14:13:43 hrs UTC 2. 14:45:43 hrs UTC | |||||||||
f) | Place of the transaction: | AIM, London Stock Exchange | |||||||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Michael Struthers | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Non-Executive Director | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Empire Metals Limited | ||||||
b) | LEI: | 2138002IOR7OCZZPB279 | ||||||
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 VGG9688A1003 | ||||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: Aggregated volume: Price:
| Single transactions as in 4 c) above
| ||||||
e) | Date of the transaction: | 2021-08-27 14:13:00 hrs UTC
| ||||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Peter Damouni | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Non-Executive Director | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Empire Metals Limited | ||||||
b) | LEI: | 2138002IOR7OCZZPB279 | ||||||
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 VGG9688A1003 | ||||||
b) | Nature of the transaction: | Purchase of Ordinary Shares | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: Aggregated volume: Price:
| Single transactions as in 4 c) above
| ||||||
e) | Date of the transaction: | 2021-08-27 14:35:00 hrs UTC
| ||||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||||
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, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Shaun Bunn | Empire Metals Ltd | Company | Tel: 020 7907 9327 |
Mike Struthers | Empire Metals Ltd | Company | Tel: 020 7907 9327 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Adam Cowl | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Damon Heath | Shard Capital Partners LLP | Joint Broker | Tel: 020 7186 9950 |
Susie Geliher | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
Selina Lovell | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria.
The Company strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the high-grade Eclipse Gold Project and the Central Menzies Gold Project in Western Australia, with the goal to expand through the addition of further projects in the region to develop a viable and compelling portfolio of precious metals assets.
Empire also holds a portfolio of three precious metals projects located an historically high-grade gold production region comprising the Rotgulden, Schonberg and Walchen prospects in central-southern Austria.
The Board continues to evaluate opportunities through which to realise the value of its wider portfolio and reviews further assets which meet the Company's investment criteria.