Last checked at 19 Nov 2018 07:00
19 November 2018
Georgian Mining Corporation
Director Dealings
Georgian Mining Corporation ('GEO') announces that it was notified today that on 16 November 2018, Mr Michael Struthers, Chief Executive Officer of the Company, purchased 350,000 ordinary shares of no par value in the share capital of the Company ('Ordinary Shares'), Mr Gregory Kuenzel, Finance Director of the Company, purchased 250,000 Ordinary Shares, Mr Neil O'Brien, Non-Executive Chairman of the Company, purchased 250,000 Ordinary Shares, Mr Laurence Mutch, Non-Executive Director of the Company, purchased 150,000 Ordinary Shares and Mr Peter Damouni, Non-Executive Director of the Company, purchased 220,000 Ordinary Shares. The Ordinary Shares have been purchased at a price of 6.5 pence per Ordinary Share.
Following this purchase, Mr Michael Struther's total beneficial ownership in the Company is 350,000 Ordinary Shares representing 0.30% of the Company's issued share capital, Mr Gregory Kuenzel's total beneficial ownership in the Company is 597,467 Ordinary Shares representing 0.52% of the Company's issued share capital, Mr Neil O'Brien's total beneficial ownership in the Company is 1,650,000 Ordinary Shares representing 1.44% of the Company's issued share capital, Mr Laurence Mutch's total beneficial ownership in the Company is 150,000 Ordinary Shares representing 0.13% of the Company's issued share capital, Mr Peter Damouni's total beneficial ownership in the Company is 407,500 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: | Michael Struthers | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Officer | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Georgian Mining Corporation | ||||
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): |
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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: | 2018-11-16 12.00 hrs UTC | ||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | 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: | Georgian Mining Corporation | ||||
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): |
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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: | 2018-11-16 12.00 hrs UTC | ||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Neil O'Brien | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Chairman Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Georgian Mining Corporation | ||||
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): |
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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: | 2018-11-16 12.00 hrs UTC | ||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Laurence Mutch | ||||
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: | Georgian Mining Corporation | ||||
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): |
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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: | 2018-11-16 12.00 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: | Georgian Mining Corporation | ||||
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): |
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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: | 2018-11-16 12.00 hrs UTC | ||||
f) | Place of the transaction: | AIM, London Stock Exchange | ||||
**ENDS**
For further information please visit www.georgianmining.com or contact:
Mike Struthers | Georgian Mining Corporation | Company | Tel: 020 7907 9327 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Soltan Tagiev | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Damon Heath | Shard Capital Partners LLP | Joint Broker | Tel: 020 7186 9950 |
Camilla Horsfall | Blytheweigh | PR | Tel: 020 7138 3224 |
Julia Tilley | Blytheweigh | PR | Tel: 020 7138 3553 |
Simon Woods | Blytheweigh | PR | Tel: 020 7138 3204 |