FQM.L Regulatory News (FQM)

26 Feb 2008 09:37

First Quantum Minerals Ld26 February 2008 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer FIRST QUANTUM MINERALS LTD 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) 2(i) ABOVE 3. Name of person discharging managerial responsibilities/director MR G CLIVE NEWALL 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person MR G CLIVE NEWALL 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest HOLDING 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares COMMON SHARES WITHOUT PAR VALUE 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them MR G CLIVE NEWALL 609,769 8. State the nature of the transaction MARKET SALE 9. Number of shares, debentures or financial instruments relating to shares acquired N/A 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A 11. Number of shares, debentures or financial instruments relating to shares disposed 20,000 COMMON SHARES 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 0.0295% 13. Price per share or value of transaction $89.00 - $89.17 14. Date and place of transaction TORONTO STOCK EXCHANGE 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 0.872% 16. Date issuer informed of transaction FEBRUARY 25, 2008 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A 22. Total number of shares or debentures over which options held following notification N/A 23. Any additional information N/A 24. Name of contact and telephone number for queries CHRISTOPHER LEMON (604)688-6577 Name and signature of duly authorised officer of issuer responsible for making notification CHRISTOPHER LEMON, GENERAL COUNSEL & CORPORATE SECRETARY Date of notification FEBRUARY 25, 2008 This information is provided by RNS The company news service from the London Stock Exchange