Last checked at 25 Jun 2019 17:10
Rainbow Rare Earths Limited("Rainbow" or the "Company")
Director/PDMR Shareholding
Pella Ventures Limited, Rainbow’s largest shareholder, in which Chairman of the Company Adonis Pouroulis has a beneficial interest, has today transferred in 500,000 shares of the Company at 10p per Ordinary Share relating to a prior agreement. Following this transaction the Trustees of the Zeus Settlement have been notified by the Directors of Pella Ventures Limited of an oversight in which certain transfers were effected in 2018 and not notified to the Trustees. The updated beneficial interest for Adonis Pouroulis is now 47,217,287 Ordinary Shares, representing 21.59 per cent. of the issued share capital of the Company.
For further information, please contact:
Rainbow Rare Earths Ltd | Martin Eales | Tel: +44 (0) 20 3910 4550 |
Arden Partners plc | Paul Shackleton Benjamin Cryer | Tel: +44 (0) 20 7614 5900 |
St Brides Partners Ltd | Priit Piip Isabel de Salis | Tel: +44 (0) 20 7236 1177 |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Adonis Pouroulis | |
2. | Reason for the notification | ||
a) | Position/status | Non-Executive Chairman | |
b) | Initial notification/Amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Rainbow Rare Earths Limited | |
b) | LEI | 213800HONYSAXTG6KS11 | |
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
GG00BD59ZW98 | |
b) | Nature of the transaction | Sale and Purchase of Shares of No Par Value | |
c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
£0.10 | 1,126,016 | ||
d) | Aggregated information
- Aggregated volume - Price
|
Sale 1,626,016 shares at 10p Purchase 500,000 shares at 10p
| |
e) | Date of the transaction | Sale Transactions 31 January 2018 Purchase Transaction 25 June 2019
| |
f) | Place of the transaction | Outside of a trading venue | |