10 Aug 2020 07:47
10 August 2020
AIM: AAU
Director/PDMR Shareholdings
Total Voting Rights
Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that it has been informed of the following transactions:
- on 5 August 2020, Michael de Villiers, Chairman, was issued and allotted with 3,000,000 new ordinary shares in the Company ("Ordinary Shares") at the price of 1.55p per share pursuant to an exercise of options under the Ariana Resources PLC 2018 Share Option Plan. Application will be made for the new Ordinary Shares, which will rank pari passu will all existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected on or around 13 August 2020;
- on 6 and 7 August 2020, Mr de Villiers disposed of a total of 3,000,000 Ordinary Shares at an average price of 5.56p per share;
- on 7 August 2020, Mr de Villiers purchased 255,000 Ordinary Shares in his SIPP at 5.55p per share and also purchased a further 350,000 Ordinary Shares in his ISA at 5.5p per share;
- and in addition, on 7 August 2020 Mrs de Villiers, wife of Mr de Villiers, purchased 350,000 Ordinary Shares in her ISA at 5.5p per share.
Accordingly, the holding of Mr de Villiers is now 55,800,000 Ordinary Shares in the Company, representing a holding of 5.25%.
Total Voting Rights
The Company's issued share capital consists of 1,062,677,943 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,062,677,943.
The above figure of 1,062,677,943 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Michael de Villiers
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||||||
a) | Name | Michael de Villiers
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2 | Reason for notification | |||||||||||||||||||||
a) | Position / status | Chairman
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b) | Initial notification /Amendment | Initial | ||||||||||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||
a) | Name | Ariana Resources plc
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b) | LEI | 213800LVVY7GZY21LH22 | ||||||||||||||||||||
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
Identification code | Ordinary shares of 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
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Nature of the transaction | Sale and purchase of ordinary shares | |||||||||||||||||||||
c) | Price(s) and volumes(s) | Exercise of options over ordinary shares
Sale of ordinary shares
Purchase of ordinary shares
Purchase of ordinary shares
Purchase of ordinary shares by associate
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d) | Aggregated information | n/a | ||||||||||||||||||||
e) | Date of the transaction | 5, 6 and 7 August 2020 | ||||||||||||||||||||
f) | Place of the transaction | LSE, AIM (XLON) and XOFF | ||||||||||||||||||||
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Contacts:
Ariana Resources plc | Tel: +44 (0) 20 7407 3616 |
Michael de Villiers, Chairman | |
Kerim Sener, Managing Director | |
Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Roland Cornish / Felicity Geidt | |
Panmure Gordon (UK) Limited | Tel: +44 (0) 20 7886 2500 |
Atholl Tweedie / James Stearns | |
Yellow Jersey PR Limited | Tel: +44 (0) 20 3004 9512 |
Dom Barretto / Joe Burgess / Henry Wilkinson | arianaresources@yellowjerseypr.com |
Editors' Note
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development company operating in Europe. It has interests in gold production in Turkey and copper-gold assets in Cyprus. The Company is developing a portfolio of prospective licences in Turkey, which contain a total of 1.6 million ounces of gold and other metals (as at end-2017).
The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co. Both assets are located in western Turkey, which hosts some of the largest operating gold mines in the country and remains highly prospective for new porphyry and epithermal deposits. The Kiziltepe Sector of the Red Rabbit Project is fully permitted and is currently in production. The total resource inventory at the Project and its wider area is c. 605,000 ounces of gold equivalent (as at end-2017). At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.
The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation on the Salinbas Gold Project.
Ariana is also earning-in to 50% of UK-registered Venus Minerals Ltd ("Venus"). Venus is focused on the exploration and development of copper-gold assets in Cyprus.
Panmure Gordon (UK) Limited are broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
Ariana (AAU)