16 Aug 2019 11:39
16 August 2019
W Resources Plc
("W" or the "Company")
Director Dealing
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, was notified by the Company's Chairman, Mr Michael Masterman on 16 August 2019 that on 15 August 2019 Symmall Pty Ltd, of which Mr Michael Masterman (a director of the Company) is both a beneficiary and trustee, purchased 15,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.44p per Ordinary Share.
The transaction was conducted as an off-market transfer from his wife, Mrs Holly Masterman, who sold 15,000,000 Ordinary Shares at a price of 0.44p per Ordinary Share to Symmall Pty Ltd.
Following this transaction, Mr Michael Masterman's interest in the Company (including those of related parties) remains at 1,115,772,790 Ordinary Shares representing 18.50% of the Company's total voting rights.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Enquiries:
W Resources Plc Michael Masterman T: +44 (0) 20 7193 7463 www.wresources.com
| Grant Thornton UK LLP Colin Aaronson / Seamus Fricker T: +44 (0) 20 7383 5100
|
Joint Broker Turner Pope Investments (TPI) Ltd Andy Thacker T: +44 (0) 203 621 4120 www.turnerpope.com
Gable Communications Justine James T: +44 (0) 20 7193 7463 M: +44 (0) 7525 324431 | Joint Broker Alternative Resource Capital / Shard Capital Alex Wood T:+44 (0) 207 186 9004 www.altrescap.com Damon Heath T:+44 (0) 207 186 9952 www.shardcapital.com |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Michael Masterman (Legal person: Symmall Pty Ltd) | |||
2 | Reason for the notification | ||||
a) | Position/status | Chairman | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | W Resources Plc | |||
b) | LEI | 213800H66EK87TAOS666 | |||
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 of 0.1 pence each | |||
Identification code | GB00B0358H47 | ||||
b) | Nature of the transaction | Purchase of shares | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.44 pence | 15,000,000 | ||||
d) | Aggregated information | ||||
- Aggregated volume | Aggregate volume: 15,000,000 Aggregate price: 0.44 pence Aggregate total: £66,000 | ||||
- Price | |||||
e) | Date of the transaction | 15 August 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Holly Masterman | |||
2 | Reason for the notification | ||||
a) | Position/status | Person of close association to Michael Masterman | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | W Resources Plc | |||
b) | LEI | 213800H66EK87TAOS666 | |||
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 of 0.1 pence each | |||
Identification code | GB00B0358H47 | ||||
b) | Nature of the transaction | Sale of shares | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.44 pence | 15,000,000 | ||||
d) | Aggregated information | ||||
- Aggregated volume | Aggregate volume: 15,000,000 Aggregate price: 0.44 pence Aggregate total: £66,000 | ||||
- Price | |||||
e) | Date of the transaction | 15 August 2019 | |||
f) | Place of the transaction | Outside a trading venue | |||