Last checked at 29 Jan 2024 15:17
Empire Metals Limited / LON: EEE / Sector: Natural Resources
29 January 2024
Empire Metals Limited
('Empire' or the 'Company')
Director Dealings
Empire Metals Limited announces that it was notified today that on 29 January 2024, Mr Shaun Bunn, Managing Director, purchased 100,000 ordinary shares of no par value in the share capital of the Company ('Ordinary Shares'), at a price of 10 pence per share, Mr Gregory Kuenzel, Finance Director of the Company, purchased 150,000 ordinary shares of no par value in the share capital of the Company ('Ordinary Shares'), at a price of 10 pence per share, and Mr Peter Damouni, Non-Executive Director of the Company, purchased 100,000 Ordinary Shares at a price of 9.97 pence per share.
Following this purchase, Mr Shaun Bunn's total beneficial ownership in the Company is 2,211,111 Ordinary Shares representing 0.39% of the Company's issued share capital, Mr Gregory Kuenzel's total beneficial ownership in the Company is 3,858,578 Ordinary Shares representing 0.68% of the Company's issued share capital, and Mr Peter Damouni's total beneficial ownership in the Company is 1,309,614 Ordinary Shares representing 0.23% of the Company's issued 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, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Shaun Bunn / Greg Kuenzel |
Tel: 020 4583 1440 |
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl / Kasia Brzozowska | Tel: 020 3470 0470 |
Shard Capital Partners LLP (Joint Broker) Damon Heath | Tel: 020 7186 9950 |
St Brides Partners Ltd (Financial PR) Susie Geliher / Ana Ribeiro | Tel: 020 7236 1177 |
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: | Shaun Bunn | ||||||
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: | 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): |
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d) | Aggregated information: Aggregated volume: Price:
| Single transactions as in 4 c) above
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e) | Date of the transaction: | 2024-01-29 12:21:00 hrs UTC
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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: | 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
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e) | Date of the transaction: | 2024-01-29 1. 12:29:57 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
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e) | Date of the transaction: | 2024-01-29 14:07:00 hrs UTC
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f) | Place of the transaction: | AIM, London Stock Exchange | ||||||
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising copper, titanium and gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the Pitfield Project in Western Australia, which has demonstrated to contain a newly recognised giant mineral system that hosts a globally significant titanium discovery. The Company is also advancing the Eclipse-Gindalbie Project in Western Australia, which is prospective for high-grade gold and also kaolin used to produce high-purity alumina, an essential component in lithium-ion batteries.
Company also has two further exploration projects in Australia; the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.