29 Nov 2017 07:00
29 November 2017
Strategic Minerals plc
("Strategic Minerals" or the "Company" or "SML")
PDMR Dealing
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that John Peters, Managing Director of the Company, acquired a total of 500,000 ordinary shares in the Company at a price of 1.8915 pence per share on 28 November 2017. Following this acquisition, Mr Peters has a beneficial interest in 20,500,000 ordinary shares in the Company, representing 1.55% of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the acquisition of shares in the Company by a director.
Market Abuse Regulation (MAR) Disclosure
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr. John Peters | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Managing Director | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Strategic Minerals plc | ||||
b) | LEI: | 213800DICA5NPVOJT776 | ||||
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 0.1p each
GB00B4W8PD74 | ||||
b) | Nature of the transaction: | Acquisition of shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 28 November 2017
| ||||
f) | Place of the transaction: | London Stock Exchange, AIM (XLON) | ||||
For further information, please contact:
Strategic Minerals plc | +61 (0) 414 727 965 | ||
John Peters | |||
Managing Director | |||
www.strategicminerals.net | |||
Follow Strategic Minerals on: | |||
Vox Markets: | https://www.voxmarkets.co.uk/company/SML/ | ||
Twitter: | @SML_Minerals | ||
LinkedIn: | https://www.linkedin.com/company/strategic-minerals-plc | ||
Facebook: | https://www.facebook.com/search/top/?q=strategic%20minerals%20plc | ||
SP Angel Corporate Finance LLP | +44 (0)20 3470 0470 | ||
Nominated Adviser and Broker | |||
Ewan Leggat | |||
| |||
Yellow Jersey PR | |||
Charles Goodwin | +44 (0)7747 788 221 | ||
Julia Kalcheva | +44 (0)7880 318 276 | ||
Joe Burgess | +44 (0)7769 325 254 | ||
Henry Wilkinson | +44 (0)7951 402 336 | ||
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earths. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.
Strategic Minerals (SML)