29 Jan 2014 15:33
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
Ortac Resources Ltd ('Ortac' or 'the Company')
Directors' Shareholding
Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, was notified on 23 January 2014 that on 23 January 2014 Mr. Anthony Balme, Executive Chairman of the Company, through AMC Limited, a company which Mr. Balme is director and shareholder, bought 3,000,000 ordinary shares at a price of 0.255p per share. Following the transaction Mr. Balme has an interest in 172,373,463 ordinary shares representing 6.85 per cent. of the issued share capital of the Company.
The Company was also notified on 28 January 2014 that, on that date, Vassillios Carellas, CEO of Ortac, sold a total of 4,600,000 ordinary shares at a price of 0.25p per share and immediately repurchased 4,562,440 ordinary shares at a price of 0.2505p per share through a Bed and ISA arrangement. Following the transactions Mr. Carellas has an interest in 35,462,440 ordinary shares representing 1.41 per cent. of the issued share capital of the Company.
**ENDS**
For further information please visit www.ortacresources.com or contact:
Vassilios Carellas Ortac Resources Ltd Tel: +44 (0) 20 7389 9050 Charles Wood Ortac Resources Ltd Tel: +44 (0) 20 7389 9050 Stewart Dickson Cantor Fitzgerald Europe Tel: +44 (0) 20 7894 7000 Catherine Leftley Cantor Fitzgerald Europe Tel: +44 (0) 20 7894 7000 Jeremy Stephenson Cantor Fitzgerald Europe Tel: +44 (0) 20 7894 7000 Jonathan Williams RFC Ambrian Limited Tel: +44 (0) 20 3440 6800 Jen Boorer RFC Ambrian Limited Tel: +44 (0) 20 3440 6800
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