Last checked at 3 Oct 2017 13:00
3 October 2017
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
Director/PDMR Shareholding
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that further to the announcement made on 3 August 2017 regarding the retirement of Toby Bradbury as Chief Executive Officer, the Company has agreed that Mr Bradbury's Performance Share and Retention Share awards vested on 2 October 2017 resulting in the issuance of 1,553,262 ordinary shares under the Shanta Gold Limited Long Term Incentive Plan.
The Company also announces that, pursuant to the salary/fee sacrifice arrangements entered into on 20 June 2017 under which those directors committed to subscribe for ordinary shares on a quarterly basis for a period of 12 months, Anthony Durrant (Chairman) and Ketan Patel (Non-Executive Director), Luke Leslie (Interim Chief Financial Officer) and Keith Marshall (Non-Executive Director), have each subscribed on 2 October 2017 for ordinary shares in the Company by way of fee sacrifice at a price of 6 pence per share. In aggregate, this will result in the issuance of 1,049,040 ordinary shares in Company (the "Fee Sacrifice Shares").
Application will be made to London Stock Exchange plc ("LSE") for the 1,049,040 Fee Sacrifice Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur and dealings in the Fee Sacrifice Shares are expected to commence on the LSE at 8.00 a.m. on or around 9 October 2017.
From Admission, the Company's issued ordinary share capital will comprise 768,560,811 ordinary shares. No ordinary shares are held in treasury. The figure of 768,560,811 may be used by the Company's 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, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Toby Bradbury | |
2. | Reason for the notification | ||
a. | Position/status | PDMR | |
b. | Initial notification /Amendment | Initial Notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
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 0.01 pence each GB00BOC6R828
| |
b. | Nature of the transaction | Issue of Performance Share and Retention Share awards | |
c. | Price(s) and volume(s) | Price(s) £nil | Volume(s) 1,553,262 |
d. | Aggregated information · Aggregated volume · Price |
1,553,262 | |
e. | Date of the transaction | 2 October 2017 | |
f. | Place of the transaction | London Stock Exchange | |
5. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Anthony Durrant | |
6. | Reason for the notification | ||
a. | Position/status | PDMR | |
b. | Initial notification /Amendment | Initial Notification | |
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
8. | 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 0.01 pence each GB00BOC6R828
| |
b. | Nature of the transaction | Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017 | |
c. | Price(s) and volume(s) | Price(s) £0.06 | Volume(s) 429,849 |
d. | Aggregated information · Aggregated volume · Price |
429,849 | |
e. | Date of the transaction | 2 October 2017 | |
f. | Place of the transaction | London Stock Exchange | |
9. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Luke Leslie | |
10. | Reason for the notification | ||
a. | Position/status | PDMR | |
b. | Initial notification /Amendment | Initial Notification | |
11. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
12. | 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 0.01 pence each GB00BOC6R828
| |
b. | Nature of the transaction | Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017 | |
c. | Price(s) and volume(s) | Price(s) £0.06 | Volume(s) 173,422 |
d. | Aggregated information · Aggregated volume · Price |
173,422 | |
e. | Date of the transaction | 2 October 2017 | |
f. | Place of the transaction | London Stock Exchange | |
13. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Ketan Patel | |
14. | Reason for the notification | ||
a. | Position/status | PDMR | |
b. | Initial notification /Amendment | Initial Notification | |
15. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
16. | 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 0.01 pence each GB00BOC6R828
| |
b. | Nature of the transaction | Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017 | |
c. | Price(s) and volume(s) | Price(s) £0.06 | Volume(s) 222,885 |
d. | Aggregated information · Aggregated volume · Price |
222,885 | |
e. | Date of the transaction | 2 October 2017 | |
f. | Place of the transaction | London Stock Exchange | |
17. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Keith Marshall | |
18. | Reason for the notification | ||
a. | Position/status | PDMR | |
b. | Initial notification /Amendment | Initial Notification | |
19. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
20. | 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 0.01 pence each GB00BOC6R828
| |
b. | Nature of the transaction | Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017 | |
c. | Price(s) and volume(s) | Price(s) £0.06 | Volume(s) 222,885 |
d. | Aggregated information · Aggregated volume · Price |
222,885 | |
e. | Date of the transaction | 2 October 2017 | |
f. | Place of the transaction | London Stock Exchange | |
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
Shanta Gold Limited | |
Eric Zurrin (CEO) | +255 (0) 22 292 5148 |
Luke Leslie (CFO)
| |
Nominated Adviser and Broker | |
Peel Hunt LLP | |
Matthew Armitt / Ross Allister / Chris Burrows | +44 (0)20 7418 8900 |
Financial Public Relations | |
Tavistock | |
Jos Simson / Emily Fenton / Barnaby Hayward | +44 (0)20 7920 3150 |
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 87,714 ounces in 2016. The Company has been admitted to trading on London's AIM and has approximately 768 million shares in issue. For further information please visit: www.shantagold.com.
ENDS