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Tuesday, 20 June 2017

Ariana Resources plc : Directors' Subscriptions, Dealings and TVR

Ariana Resources plc    

Published: 16:23 CEST 20-06-2017 /GlobeNewswire /Source: Ariana Resources plc / : AAU /ISIN: GB00B085SD50

Ariana Resources plc : Directors' Subscriptions, Dealings and TVR

20 June 2017

AIM: AAU

 

DIRECTORS' SUBSCRIPTIONS

 

DIRECTORS' DEALINGS

 

TOTAL VOTING RIGHTS

 

 

Further to the announcement earlier today relating to the placing (the "Placing") and the subscription (the "Subscription") to raise £2 million, Ariana Resources plc ("Ariana" or "the Company"), is pleased to announce that four directors of the Company, namely Mr. Michael de Villiers, Dr. Kerim Sener, Mr. William Payne and Mr. Chris Sangster, have subscribed for a total of 9,969,230 new ordinary shares of 0.1 pence each in the Company at a price of 1.30 pence per ordinary share (the "Director Shares"), being on the same terms as the Subscription, for a further sum of £129,600.

 

Application will be made for the 153,846,154 new ordinary shares of 0.1 pence issued under the Placing and Subscription, together with the 9,969,230 Director Shares, to be admitted to trading on AIM ("Admission").  Such shares will rank pari passu with all existing ordinary shares in the Company, and Admission is expected to take place on 23 June 2017.

 

The following Directors have subscribed for Director Shares, with the resultant shareholding as described below:

 

Name

Number of Director Shares

Shareholding upon Admission

Percentage of enlarged share capital upon Admission

Michael de Villiers

5,623,077

31,673,077

3.01

Kerim Sener

1,115,384

14,192,252

1.34

William Payne

2,307,692

7,109,314

0.67

Chris Sangster

923,077

1,618,729

0.15

 

Total voting rights

 

At Admission, the Company's issued share capital will consist of 1,051,637,937 ordinary shares with a nominal value of 0.1 pence 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 will be 1,051,637,937.

 

 

Market Abuse Regulation

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.

 

 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

 

 

 

Beaufort Securities Limited

Tel: +44 (0) 20 7382 8300

Jon Belliss

 

 

 

Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7886 2500

Adam James / Tom Salvesen

 

 

 

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the Directors subscribing for Director Shares as described above. 

 

Michael de Villiers

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Michael de Villiers

 

2

Reason for notification

a)

Position / status

Chairman

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ariana Resources plc

 

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

 

 

Nature of the transaction

Purchase of new ordinary shares as described above

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.30  pence

5,623,077

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 June 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

 

Kerim Sener

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Kerim Sener

 

2

Reason for notification

a)

Position / status

Managing Director

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ariana Resources plc

 

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

 

 

Nature of the transaction

Purchase of new ordinary shares as described above

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.30 pence

1,115,384

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 June 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

William Payne

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

William Payne 

 

2

Reason for notification

a)

Position / status

Director

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ariana Resources plc

 

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

 

 

Nature of the transaction

Purchase of new ordinary shares as described above

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.30 pence

2,307,692

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 June 2017  

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

Chris Sangster

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Chris Sangster 

 

2

Reason for notification

a)

Position / status

Director

b)

Initial notification

/Amendment

Initial

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ariana Resources plc

 

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

 

 

Nature of the transaction

Purchase of new ordinary shares as described above

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.30 pence

923,077

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 June 2017 

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

About Ariana Resources:

 

Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database.

 

The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 525,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on future production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

 

In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

 

Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint brokers 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.

 

Ends

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Ariana Resources plc, Bridge House, London Bridge, London, SE1 9QR, United Kingdom
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