Last checked at 22 Feb 2021 17:24
22 February 2021
Landore Resources Limited
("Landore Resources" or the "Company")
Directors Subscription
Landore Resources Limited (AIM:LND) announced on 16 February 2021 that it had raised gross proceeds of £3.5 million through a placing and subscription of 11,666,667 new Ordinary Shares at a price of 30 pence per new Ordinary Share with new and existing investors in the company (the "Fundraising").
As part of the Fundraising, it was announced that certain Directors of the company subscribed for the following number of shares:
Director | Position | New Ordinary Shares Subscribed For | Shareholding Following Admission | % Shareholding Following Admission |
William Humphries | Chief Executive Officer | 166,667 | 5,430,856 | 5.20% |
Glenn Featherby | Finance Director | 133,333 | 2,667,279 | 2.55% |
Helen Green | Non-Executive Director | 33,333 | 247,640 | 0.24% |
Admission of the new Ordinary Shares to trading on AIM became effective at 8.00 a.m. on 22 February 2021 ("Admission"). The new Ordinary Shares will rank pari passu with the Existing Ordinary Shares.
-ENDS-
For more information, please contact:
Landore Resources Limited | |
Bill Humphries, Chief Executive Officer | Tel: 07734 681262 |
Glenn Featherby, Finance Director | Tel: 07730 420318 |
Cenkos Securities (Nominated Advisor and Broker) | |
Derrick Lee / Peter Lynch | Tel: 0131 220 9100 |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Bill Humphries
|
2. | Reason for the Notification | |
a) | Position/status | Chief Executive Officer
|
b) | Initial notification/amendment | Initial notification
|
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Landore Resources Limited
|
b) | LEI | 21380019CJ5T1PNY3Q69
|
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 | Ordinary shares of no par value |
Identification code | GG00BMX4VR69 | |
b) | Nature of the Transaction | Purchase of ordinary shares
|
c) | Price(s) and volume(s) | 166,667 shares at 30p
|
d) | Aggregated information Aggregated volume Price | £50,000.10 |
e) | Date of the transaction | 16 February 2021
|
f) | Place of the transaction | London Stock Exchange, AIM (LON:LND)
|
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Glenn Featherby
|
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 | Landore Resources Limited
|
b) | LEI | 21380019CJ5T1PNY3Q69
|
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 | Ordinary shares of no par value |
Identification code | GG00BMX4VR69 | |
b) | Nature of the Transaction | Purchase of ordinary shares
|
c) | Price(s) and volume(s) | 133,333 shares at 30p
|
d) | Aggregated information Aggregated volume Price | £39,999.90 |
e) | Date of the transaction | 16 February 2021
|
f) | Place of the transaction | London Stock Exchange, AIM (LON:LND)
|
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Helen Green
|
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 | Landore Resources Limited
|
b) | LEI | 21380019CJ5T1PNY3Q69
|
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 | Ordinary shares of no par value |
Identification code | GG00BMX4VR69 | |
b) | Nature of the Transaction | Purchase of ordinary shares
|
c) | Price(s) and volume(s) | 33,333 shares at 30p
|
d) | Aggregated information Aggregated volume Price | £9,999.90 |
e) | Date of the transaction | 16 February 2021
|
f) | Place of the transaction | London Stock Exchange, AIM (LON:LND)
|