TIDMARG

RNS Number : 0173H

Argos Resources Ltd

12 November 2018

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Director / PDMR Shareholding

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, confirms that it has received notification that on 9 November 2018 Argos Georgia Limited, distributed a total of 700,000 Ordinary Shares for nil consideration to Ian Thomson, Chairman of the Company. Argos Georgia Limited is an entity in which Ian Thomson holds a 51.68 per cent. interest. As a result of this transaction, Mr Thomson's interest in the Company now stands at 28,544,701 shares, representing 12.93 per cent. of the Company's issued share capital.

For further information:

Argos Resources Limited (+500 22685)

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee (+44 131 220 9100)

Neil McDonald (+44 131 220 6939)

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                                         Ian Thomson 
     -----------------------------------------------------------  ---------------------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                              Chairman 
     -----------------------------------------------------------  ---------------------------------------------------- 
 b)   Initial notification/Amendment                               Initial 
     -----------------------------------------------------------  ---------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                         Argos Resources Ltd 
     -----------------------------------------------------------  ---------------------------------------------------- 
 b)   LEI                                                          213800JFBALNFGTAJM89 
     -----------------------------------------------------------  ---------------------------------------------------- 
 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                                 Ordinary Shares of 2p each 
       instrument, type of 
       instrument 
     -----------------------------------------------------------  ---------------------------------------------------- 
      Identification code                                          FK0114538241 
     -----------------------------------------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction                                    Transfer of shares 
     -----------------------------------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                                        Price(s)    Volume(s) 
                                                                     nil         700,000 
     -----------------------------------------------------------  ---------------------------------------------------- 
 d)   Aggregated information:                                     700,000 Ordinary Shares for nil consideration 
        *    Aggregated volume 
 
 
        *    Price 
     -----------------------------------------------------------  ---------------------------------------------------- 
 e)   Date of the transaction                                      9 November 2018 
     -----------------------------------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction                                     London Stock Exchange, AIM Market 
                                                                    (ARG) 
     -----------------------------------------------------------  ----------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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