8 Aug 2018 17:33
8 August 2018
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 7 August 2018 that on 3 August 2018 Symmall Pty Ltd, of which Mr Michael Masterman (a director of the Company) is both a beneficiary and trustee, purchased 5,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.477p per Ordinary Share and on the same day his wife, Mrs H Masterman, sold 5,000,000 Ordinary Shares at a price of 0.48p per Ordinary Share.
In addition to the above Mrs H Masterman also transferred on 7 August 2018 10,500,000 Ordinary Shares to Symmall Pty Ltd when the share price was 0.49p per Ordinary Share.
Following these transactions, Mr Michael Masterman's interest in the Company (including those of related parties) remains at 1,087,915,648 Ordinary Shares representing 19.86% 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 | Grant Thornton UK LLP |
Michael Masterman | Colin Aaronson / Jen Clarke / Seamus Fricker |
T: +44 (0) 20 7193 7463 | T: +44 (0) 20 7383 5100 |
www.wresources.co.uk | |
Turner Pope Investments (TPI) Ltd | Gable Communications |
Andy Thacker | Justine James |
T: +44 (0) 203 621 4120 | T: +44 (0) 20 7193 7463 |
www.turnerpope.com | M: +44 (0) 7525 324431 |
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) | ||||
0.477 pence | 5,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 5,000,000 Aggregate price: 0.477 pence Aggregate total: £23,850.00 | ||||
| |||||
- Price | |||||
e)
| Date of the transaction
| 3 August 2018 | |||
f)
| Place of the transaction
| London Stock Exchange's AIM Market | |||
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) | ||||
0.48 pence | 5,000,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 5,000,000 Aggregate price: 0.48 pence Aggregate total: £24,000.00 | ||||
| |||||
- Price | |||||
e)
| Date of the transaction
| 2 August 2018 | |||
f)
| Place of the transaction
| London Stock Exchange's AIM Market | |||
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
| Transfer of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.49 pence | 10,500,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Aggregate volume: 10,500,000 Aggregate price: 0.49 pence Aggregate total: £51,450.00 | ||||
| |||||
- Price | |||||
e)
| Date of the transaction
| 7 August 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
WRES.L (WRES)