Last checked at 10 Jun 2020 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
10 June 2020
Hummingbird Resources plc
Director Dealing, Exercise of Options and TVR
Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM) announces that it has been notified of the following purchases of ordinary shares in the Company ("Ordinary Shares") by Stephen Betts, a Non-Executive Director of the Company, and his wife, which took place yesterday (the "Purchases").
| Number of Ordinary Shares Acquired | Price per Ordinary Share Acquired (p) |
Stephen Betts Non-Executive Director | 100,000 | 26 |
Caroline Betts | 117,500 | 26 |
Subtotal purchased on market | 217,500 | - |
Exercise of Options* | 403,500 | 22 |
Total Increase in Beneficial Interest | 621,000 |
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* Stephen Betts has exercised 403,500 options over Ordinary Shares at 22p each (the "Option Exercise"), and these Ordinary Shares will be issued to Stephen Betts as a result of the Option Exercise.
Following the Purchases and the Option Exercise, Stephen Betts' beneficial interest has increased by 621,000, to 1,498,601 Ordinary Shares, representing approximately 0.42 per cent. of the Company's currently issued share capital. Mr Betts' total beneficial interest includes his wife's holding of 300,000 Ordinary shares, 315,101 Ordinary Shares held by Stephen Betts & Sons Limited and 180,000 Ordinary Shares held by Stephen Betts & Sons Limited (Self Administered) Pension Scheme. Daniel Betts, managing director of the Company, is also beneficially interested in Stephen Betts & Sons Limited Stephen Betts & Sons Limited (Self Administered) Pension Scheme.
The Ordinary Shares to be issued pursuant to the Options Exercise have already been admitted to trading on AIM ("Admission") under the Company's block listing most recently announced on 11 March 2020.
Total Voting Rights
The total number of Ordinary Shares in issue following Admission will be 354,559,378 and the Company holds no shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 354,559,378.
The above figure of 354,559,378 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Hummingbird under the FCA's Disclosure and Transparency Rules.
For further information please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts, CEO Thomas Hill, FD Douglas Ross, IR | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
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James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited
Nominated Adviser | Tel: +44 (0) 20 7409 3494 |
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James Asensio Edward Montgomery
| Canaccord Genuity Limited
Broker | Tel: +44 (0) 20 7523 8000 |
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Tim Blythe Megan Ray Rachael Brooks | Blytheweigh
Financial PR/IR | Tel: +44 (0) 20 7138 3205 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
PDMR Notification Forms
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Stephen Betts |
2. | Reason for the notification | |
a) | Position | Non-Executive Director |
b) | Initial notification/Amendment | Initial notification |
3. | Details of the issuer | |
a) | Name | Hummingbird Resources plc |
b) | LEI | 213800PBYMQ6Z2D7UZ96 |
4. | Details of the transaction | |
a) | Description of the financial instrument, type of instrument
Identification Code | Ordinary shares of £0.01 each
ISIN - GB00B60BWY28 |
b) | Price and volume | 100,000 at 26p 403,500 at 22p |
c) | % of the issued ordinary share capital of the issuer | 0.14% |
d) | Date of the transaction | 09 June 2020 |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Caroline Betts |
2. | Reason for the notification | |
a) | Position | A person closely associated with a PDMR |
b) | Initial notification/Amendment | Initial notification |
3. | Details of the issuer | |
a) | Name | Hummingbird Resources plc |
b) | LEI | 213800PBYMQ6Z2D7UZ96 |
4. | Details of the transaction | |
a) | Description of the financial instrument, type of instrument
Identification Code | Ordinary shares of £0.01 each
ISIN - GB00B60BWY28 |
b) | Price and volume | 117,500 shares at 26p |
c) | % of the issued ordinary share capital of the issuer | 0.03% |
c) | Date of the transaction | 09 June 2020 |