9 Dec 2019 12:08
9 December 2019
Scotgold Resources Limited
("Scotgold" or the "Company")
Exercise of Options and Directors' Dealing
The Company announces that on 9 December 2019, the Board of Directors approved the issue and allotment of 398,137 new ordinary shares of no par value each in the Company ("Ordinary Shares") subject to and conditional upon admission to trading on AIM. The Ordinary Shares have been issued in order to satisfy an exercise of 320,000 options held by William ("Bill") Styslinger III (Non-Executive Director), 8,939 options held by Richard Gray (Chief Executive Officer) and 69,198 share options held by other shareholders that were granted pursuant to their participation in the December 2017 Rights Issue. All options were exercised at 40 pence per share.
Following the exercise of options, Bill Styslinger will transfer 30,000 shares to 3rd parties for nil consideration. Bill Styslinger will also transfer 5,000 shares to Jack Gubbins, a Person Closely Associated ("PCA") with Bill Styslinger for nil consideration.
Following these transactions, Bill Styslinger will hold a beneficial interest in 5,931,400 Ordinary Shares, representing approximately 11.99% (previously 11.40%) of the Ordinary Share capital of the Company. Richard Gray will hold a beneficial interest in 105,677 Shares, representing approximately 0.21% (previously 0.20%) of the ordinary share capital of the Company.
The Company has made an application for the 398,137 new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on or around 12 December 2019. Following Admission, the Company will have 49,544,964 Ordinary Shares in issue, each with voting rights, which figure may be used by shareholders in the Company 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, the Ordinary Share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any Ordinary Shares in Treasury.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | William Styslinger III | ||||
2. | Reason for 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 of entity | Scotgold Resources Limited | ||||
(b) | LEI | 213800HL5A2K7LW2G360 | ||||
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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Exercise of share options | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price |
N/A | ||||
(f) | Date of transaction | 9 December 2019
| ||||
(g) | Place of transaction | XLON | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | William Styslinger III | ||||
2. | Reason for 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 of entity | Scotgold Resources Limited | ||||
(b) | LEI | 213800HL5A2K7LW2G360 | ||||
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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Transfer of shares to 3rd parties, including 5,000 to Jack Gubbins, a PCA of Mr Styslinger. | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price |
N/A | ||||
(f) | Date of transaction | 9 December 2019
| ||||
(g) | Place of transaction | XLON | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Jack Gubbins | ||||
2. | Reason for notification | |||||
(a) | Position/status | PCA of William Styslinger III, Non-Executive Director, a PDMR | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Scotgold Resources Limited | ||||
(b) | LEI | 213800HL5A2K7LW2G360 | ||||
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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Acquisition of shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price |
N/A | ||||
(f) | Date of transaction | 9 December 2019
| ||||
(g) | Place of transaction | XLON | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Richard Gray | ||||
2. | Reason for notification | |||||
(a) | Position/status | Managing Director and 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 of entity | Scotgold Resources Limited | ||||
(b) | LEI | 213800HL5A2K7LW2G360 | ||||
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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Exercise of share options | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price |
N/A | ||||
(f) | Date of transaction | 9 December 2019
| ||||
(g) | Place of transaction | XLON | ||||
For further information please contact:
Scotgold Resources Limited Richard Gray
| Tel: +44 (0)1838 400 306 |
SP Angel Corporate Finance LLP Nomad and Joint Broker Ewan Leggat / Charlie Bouverat
| Tel +44 (0) 20 3470 0470 |
Smaller Company Capital Ltd Joint Broker Rupert Williams
| Tel: +44 (0)20 3651 2911 |
Capital Markets Consultants Financial PR Simon Rothschild | Tel: +44 (0) 7703 167 065 |