14 Jan 2013 07:00
Sierra Rutile Limited
Director Share Dealings
London, UK, 14 January 2013: Sierra Rutile Limited (the "Company") has received notice that, Mr Jan Castro (Chairman and Non-Executive Director), Mr Michael Barton (Non-Executive Director) and Mr Michael Brown (Non-Executive Director) entered into an agreement to purchase 460,000, 35,000 and 105,000 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 53 pence per share on 11 January 2013.
Following these transactions the shareholdings of Mr Castro, Mr Barton and Mr Brown are as follows:
Director | Number of Ordinary Shares | Percentage of issued share capital |
J Castro | 1,351,000 | 0.260% |
M Barton | 87,000 | 0.017% |
M Brown | 250,000 | 0.049% |
Further, a block listing application in respect of 4,106,250 ordinary shares in the Company of no par value ('Ordinary Shares') to be allotted pursuant to the exercise of options under the Company's Share Option Plan has been made to AIM. The issuance of all these options has been previously disclosed in the 2011 Annual Report and various press releases during 2012. The 4,106,250 shares represent the total number of shares that could be issued under all of the Company's Share Option Plans if all the outstanding options which have vested since the previous block listing on 28 November 2012 were to be exercised.
ENDS
For Further Information:
Sierra Rutile Limited Yves Ilunga, Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonathan Hardy
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Andy Jones/ Anthony Hughes |
+44 (0)20 7074 1800 |
Notes to Editors
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 600 million tonnes (as at February 2011).
www.sierra-rutile.com