29 Jun 2012 17:55
GENERAL TEXT AMENDMENT
The following amendments have been made to the 'Director Share Dealings' announcement released on the 29th June 2012 at 16:29 under RNS No 5581G.
M Barton | 52,000 | 0.010 |
M Brown | 125,000 | 0.025 |
All other details remain unchanged.
The full amended text is shown below.
Sierra Rutile Limited
Director Share Dealings
London, UK, 29 June 2012: 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) have entered into an agreement to purchase 109,000, 16,000 and 25,000 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 60 pence per share from Mr Alex Kamara (Non-Executive Director ).
The Company has also received notice that Mr Richard Lister (Non-Executive Director) has entered into an agreement to purchase 100,000 Ordinary Shares at 64 pence per share and Mr Kamara has entered into an agreement to sell the same number of shares at the same price.
The Company has also received notice that Mr Kamara has exercised 250,000 options to purchase Ordinary Shares at 20 pence per share.
Following these transactions the number of shares held by Mr Kamara remains unchanged and the revised shareholdings of Mr Castro, Mr Barton, Mr Brown, and Mr Lister are as follows:
Director | Number of Ordinary Shares
| Percentage of issued share capital |
J Castro | 696,000 | 0.136 |
M Barton | 52,000 | 0.010 |
M Brown | 125,000 | 0.025 |
R Lister | 100,000 | 0.020 |
Following Admission of the new shares the revised total number of shares in issue will be 509,505,000. Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 5 July 2012.
ENDS
For Further Information:
Sierra Rutile Limited Joe Connolly, Chief Financial Officer & Company Secretary
|
+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonathan Hardy
|
+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
|
+44 (0)20 7321 2508 |
Kreab Gavin Anderson Fergus Wylie/ 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