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16 Feb 2017 14:35
16 February 2017
Georgian Mining Corporation
Director Dealings
Georgian Mining Corporation ('GEO') announces that it was informed today that on 15 February 2017 Roderick McIllree, Non-Executive Director of the Company, purchased 820,000 ordinary shares of no par value in the Company ('Ordinary Shares') at an average price of 9.53 pence per share and Gregory Kuenzel, Managing Director of the Company, purchased 100,000 Ordinary Shares at a price of 9.875 pence per share.
Following this purchase, Mr. McIllree and Mr. Kuenzel's total beneficial ownership in the Company are 1,543,764 Ordinary Shares, which represents approximately 1.92% of the Company's issued share capital and 347,467 Ordinary Shares, which represents approximately 0.43% of the Company's issued share capital respectively.
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: | Roderick McIllree | ||||
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: | 2017-02-15 13.03hrs UTC | ||||
f) | Place of the transaction: | London Stock Exchange (XLON) | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Roderick McIllree | ||||
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: | 2017-02-15 08.15hrs UTC | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Gregory Kuenzel | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Managing 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: | 2017-02-15 13.43hrs UTC | ||||
f) | Place of the transaction: | London Stock Exchange (XLON) | ||||
**ENDS**
For further information please visit www.georgianmining.com or contact:
Greg Kuenzel | Georgian Mining Corporation | Company | Tel: 020 7907 9327 |
Ewan Leggat | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Laura Harrison | S. P. Angel Corporate Finance LLP | Nomad & Broker | Tel: 020 3470 0470 |
Damon Heath | Shard Capital Partners LLP | Joint Broker | Tel: 0207 186 9950 |
Elisabeth Cowell | St Brides Partners Ltd | PR | Tel: 020 7236 1177 |
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.The Bolnisi licence covers an area of over 860 sq km and has a 30 year mining licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli. These projects are proximal to existing mining operations which are owned by the Company's supportive joint venture partner. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.
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