Last checked at 19 Mar 2021 16:10
19 March 2021
Shanta Gold Limited
("Shanta Gold" or the "Company")
Director/PDMR Shareholding
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that Eric Zurrin (CEO) and Luke Leslie (CFO) have informed the Company that they have sold 4,868,688 ordinary shares of 0.01p each ("Ordinary Shares") in aggregate over the last few days.
Eric Zurrin has sold a total of 2,045,688 Ordinary Shares (equivalent to 15% of holding) at an average price of 13.3 pence per Ordinary Share and Luke Leslie has sold 2,823,000 Ordinary Shares (equivalent to 27% of holding) at an average price of 13.2 pence per Ordinary Share.
Following the sale of these shares Eric and Luke remain interested in a total of 11,869,086 Ordinary Shares representing 1.1% of the Company's issued share capital and 7,604,396 Ordinary Shares representing 0.7% per cent. of the Company's issued share capital, respectively.
A significant proportion of executive compensation continues to be paid in shares and this is the first sale of shares in four years during the CEO and CFO's tenure as Company Executives.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
Shanta Gold Limited |
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Eric Zurrin (CEO) | +44 (0) 14 8173 2153 |
Luke Leslie (CFO) |
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Nominated Adviser and Joint Broker |
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Liberum Capital Limited |
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Scott Mathieson / Ed Thomas / Louis Davies / Nikhil Varghese | +44 (0) 20 3100 2000 |
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Joint Broker |
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Tamesis Partners LLP |
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Charlie Bendon / Richard Greenfield | +44 (0) 20 3882 2868 |
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Public Relations |
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FTI Consulting |
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Sara Powell | +44 (0) 20 3727 1000 |
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a. | Name | Eric Zurrin | |
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 | 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
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b. | Nature of the transaction | Sale of shares | |
c. | Price(s) and volume(s) | Price(s) £0.135 £0.14 £0.1355 £0.1335 £0.13 | Volume(s) 680,000 220,000 100,000 25,410 1,020,278 |
d. | Aggregated information · Aggregated volume · Price |
2,045,688 £0.133 | |
e. | Date of the transaction | 16-19 March 2021 | |
f. | Place of the transaction | London Stock Exchange | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
g. | Name | Luke Leslie | |
5. | Reason for the notification | ||
a. | Position/status | Chief Financial Officer | |
b. | Initial notification /Amendment | Initial Notification | |
6. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name | Shanta Gold Limited | |
b. | LEI | 2138004VR5BVV1VD7P81 | |
7. | 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
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b. | Nature of the transaction | Sale of shares | |
c. | Price(s) and volume(s) | Price(s) £0.129 £0.130 £0.131 £0.135 £0.141 | Volume(s) 850,000 440,000 440,000 950,000 143,000
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d. | Aggregated information · Aggregated volume · Price |
2,823,000 £0.132 | |
e. | Date of the transaction | 16-19 March 2021 | |
f. | Place of the transaction | London Stock Exchange | |
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km2 in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined inferred resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 82,978 ounces in 2020. The Company has been admitted to trading on London's AIM market and has approximately 1,048 million shares in issue. For further information please visit: www.shantagold.com.