Armadale Capital Plc Director Share Purchase
04 June 2019 - 8:59PM
UK Regulatory
TIDMACP
Armadale Capital Plc ('Armadale' or 'the Company')
Director Share Purchase
Armadale Capital plc (LON: ACP) the AIM quoted investment
company focused on natural resource projects in Africa, announces
that today it was notified that on 31 May 2019, Value Generation
Limited, a company wholly owned by Paul Johnson, Non-Executive
Director of the Company, and wife Michelle Johnson, purchased
350,000 ordinary shares in the share capital of the Company
("Ordinary Shares") at a price of 1.2275 pence per Ordinary Share
and have completed the share transaction set out in the table
below.
Following this purchase, Value Generation Limited's total
beneficial ownership in the Company is 2,622,727 Ordinary Shares,
which represents 0.699% of the Company's issued share capital.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
**ENDS**
For further information, please visit the Company's website
www.armadalecapitalplc.com, follow Armadale on Twitter
@ArmadaleCapital or contact:
Enquiries:
Armadale Capital Plc +44 (0) 20 7236 1177
Paul Johnson, Non-Executive Director (UK)
Tim Jones, Company Secretary
Nomad and broker: finnCap Ltd +44 (0) 20 7220 0500
Christopher Raggett / Max Bullen-Smith
Joint Broker: SI Capital ++44 (0) 1483 413500
Nick Emmerson
Press Relations: St Brides Partners Ltd +44 (0) 20 7236 1177
Isabel de Salis / Juliet Earl
Notes
Armadale Capital Plc is focused on investing in and developing a
portfolio of investments, targeting the natural resources and/or
infrastructure sectors in Africa. The Company, led by a team with
operational experience and a strong track record in Africa, has a
strategy of identifying high growth businesses where it can take an
active role in their advancement.
The Company owns the Mahenge Liandu graphite project in
south-east Tanzania, which is now its main focus. The Project is
located in a highly prospective region with a high-grade JORC
compliant Indicated and inferred mineral resource estimate of
51.1Mt @ 9.3% TGC, making it one of the largest high-grade
resources in Tanzania, and work to date has demonstrated Mahenge
Liandu's potential as a commercially viable deposit with
significant tonnage, high-grade coarse flake and near surface
mineralisation (implying a low strip ratio) contained within one
contiguous ore body.
Other assets Armadale has an interest in, include the Mpokoto
Gold project in the Democratic Republic of Congo and a portfolio of
quoted investments.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Value Generation Limited, a company wholly owned by Paul Johnson and Michelle Johnson (PDMR & PCA)
2 Reason for the notification
a) Position/status PDMR - Non-Executive Director & PCA
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Armadale Capital Plc
b) LEI 213800495EK876JETD10
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 Ordinary Shares of 0.1 pence each
GBP
Identification code GB00BYMSY631
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
1.2275 pence 350,000
d) Aggregated information
- Aggregated volume 350,000
- Price 1.2275 pence per Ordinary Share
e) Date of the transaction 31 May 2019
f) Place of the transaction London Stock Exchange
XLON
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190603005507/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
June 04, 2019 06:59 ET (10:59 GMT)
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