15 Feb 2019 07:00
HIGHLAND GOLD MINING LIMITED
15 February 2019
Director/PDMR Shareholdings
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) has been informed that its shareholder Aristus Holdings Limited ("Aristus") has sold the 38,621,343 ordinary shares of £0.001 each it held in the Company ("Ordinary Shares") to its underlying beneficiaries.
Executive Chairman Eugene Shvidler and Non-Executive Director Valery Oyf, the latter via Matteson Overseas Limited, were among the participants in this transaction.
The holdings in question are as follows:
Name | Percentage of Issued Share Capital Previously Held Directly | Percentage of Issued Share Capital Previously Held Directly & Indirectly | Number of Ordinary Shares Acquired from Aristus | New Percentage of Issued Share Capital Held Directly |
Eugene Shvidler | 11.23% | 12.29% | 3,861,169 | 12.29% |
Matteson Overseas Limited (Valery Oyf) | 3.99% | 4.52% | 1,932,033 | 4.52% |
The shares sold by Aristus, which were issued by Highland Gold as consideration for its recent acquisition of the Valunisty mine and related assets, are subject to a six-month Lock-in Agreement (effective from the date of Admission of the consideration shares). Messrs Shvidler and Oyf, as well as the other Aristus beneficiaries, continue to be bound by both the Lock-in Agreement and the Relationship Agreement with the Company, as described in the Company's circular of 26 April 2018.
FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold Mining Ltd. | John Mann, Head of Communications + 7 495 424 95 21 Duncan Baxter, Non-Executive Director + 44 (0) 1534 814 202
|
Numis Securities Limited (Nominated Adviser and Joint Broker) | John Prior, James Black, Paul Gillam +44 (0) 207 260 1000
|
BMO Capital Markets Limited (Joint Broker) | Jeffrey Couch, Tom Rider, Pascal Lussier Duquette +44 (0) 207 236 1010
|
Peat & Co (Joint Broker) | Charlie Peat +44 (0) 207 104 2334 |
HIGHLAND GOLD MINING LIMITED
DIRECTORS' DEALINGS IN SECURITIES
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Eugene Shvidler
| ||||
2. | Reason for the notification | |||||
a) | Position/status: | Executive Chairman | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Company name: | Highland Gold Mining Ltd. | ||||
b) | LEI: | 213800QQFH2CBTW5BX79
| ||||
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 0.1p each
GB0032360173 | ||||
b) | Nature of the transaction: | Distribution of ordinary shares | ||||
c) |
| |||||
d) | Aggregated information: |
| ||||
e) | Date of the transaction: | 12 February 2019 | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 8,301,513.
HIGHLAND GOLD MINING LIMITED
DIRECTORS' DEALINGS IN SECURITIES
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Valery Oyf
| ||||
2. | Reason for the notification | |||||
a) | Position/status: | Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Company name: | Highland Gold Mining Ltd. | ||||
b) | LEI: | 213800QQFH2CBTW5BX79 | ||||
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 0.1p each
GB0032360173 | ||||
b) | Nature of the transaction: | Distribution of ordinary shares | ||||
c) |
| |||||
d) | Aggregated information: |
| ||||
e) | Date of the transaction: | 12 February 2019 | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 4,153,870.