Sign In
3 Dec 2020 07:00
3 December 2020
Scotgold Resources Limited
("Scotgold" or the "Company)
PDMR/PCA Dealing
Scotgold Resources Limited (AIM:SGZ), the gold exploration and production company focused on Scotland, announces that it was notified on 1 December 2020 that Peter Hetherington, Non-Executive Director of the Company has sold 2,000,000 ordinary shares ("Ordinary Shares") at a price of 113.71p per Ordinary Share to The Holywell Alpaca Settlement, a trust whose beneficiaries include persons closely associated ("PCA") to Peter Hetherington.
Following the sale of the Ordinary Shares, Peter Hetherington will have a beneficial interest in 2,088,961 Ordinary Shares, representing approximately 3.86% (previously 7.56%) of the ordinary share capital of the Company.
The Company confirms that this sale was made in compliance with the Company's Share Dealing Policy, and further that there exists no price sensitive information which has not previously been announced to the market
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 | Peter Hetherington | ||||
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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Sale of Shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above | ||||
(f) | Date of transaction | 1 December 2020
| ||||
(g) | Place of transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated |
| ||||
(a) | Full name of person Dealing | The Holywell Alpaca Settlement | ||||
2. | Reason for notification |
| ||||
(a) | Position/status | Trust owned by PCA of a Director of the Company, | ||||
(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 | ||||
(b) | Identification code | AU000XINEAK5 | ||||
(c) | Nature of the transaction | Purchase of Shares | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above | ||||
(f) | Date of transaction | 1 December 2020
| ||||
(g) | Place of transaction | London Stock Exchange, AIM Market (XLON) |
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
For further information please contact:
Scotgold Resources Limited Richard Gray
| Tel: +44 (0)1838 400 306 |
SP Angel Corporate Finance LLP Nomad and Broker Ewan Leggat / Charlie Bouverat
St Brides Partners Financial PR Susie Geliher / Frank Buhagiar
| Tel +44 (0) 20 3470 0470
Tel +44 (0) 20 7236 1177 |
Follow the stocks
