9 May 2018 07:01
09 May 2018
Frontera Resources Corporation
("Frontera Resources" or "the Company")
Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")
Frontera Resources Corporation (AIM: FRR), the European focused independent oil and gas exploration and production company, was notified on 8 May 2018 by Zaza Mamulaishvili, President and CEO, of the purchase of 26,000,000 ordinary shares, representing 0.16 per cent. of the issued share capital of the Company, totaling £126,400. Following this share purchase, Mr Mamulaishvili holds a total of 1,040,259,226 Ordinary Shares, representing 6.6 per cent. of the Company's issued share capital. The share purchase occurred at the available market price as set forth below.
PDMR | Date | Purchase Price | No. of Shares |
Zaza Mamulaishvili |
8 May 2018 |
0.48 pence |
10,000,000 |
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| 0.49 pence | 16,000,000 |
The issued share capital of the Company comprises 15,760,835,403 ordinary shares of US$0.00004 each.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
Enquiries:
Frontera Resources | (713) 585- 3216 |
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Zaza Mamulaishvili |
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info@fronteraresources.com |
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Cairn Financial Advisers LLP | +44 (0) 20 7213 0880 |
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Jo Turner / Liam Murray
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WH Ireland Limited | +44 (0) 20 3411 1880 |
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James Joyce / Alex Bond
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Yellow Jersey | +44 (0) 203 735 8825 |
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Tim Thompson |
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Harriet Jackson |
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Henry Wilkinson |
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Zaza Mamulaishvili | ||||||
2 | Reason for notification |
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a. | Position/Status | PDMR - President and CEO | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Frontera Resources Corporation | ||||||
b. | LEI | 21380047MY4HWMO3LH65 | ||||||
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 instrumentIdentification Code | Ordinary Shares of US$0.00004 eachISIN: KYG368131069 | ||||||
b. |
Nature of the transaction | PDMR Dealing | ||||||
c. |
Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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0.48 pence per share
0.49 pence per share | 10,000,000
16,000,000 |
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d. |
Aggregated information - Aggregated Volume - Price | N/A | ||||||
e. |
Date of the transaction | 8 May 2018 | ||||||
f. |
Place of the transaction | XLON (AIM Market)
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Frontera Resources (FRR)