Bluebird Merchant Ventures Limited Director/PDMR Dealing (0511V)
04 August 2020 - 5:00PM
UK Regulatory
TIDMBMV
RNS Number : 0511V
Bluebird Merchant Ventures Limited
04 August 2020
Bluebird Merchant Ventures Ltd
(the " Company" or " Bluebird")
PDMR/Director Dealing
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold
development group is pleased to announce a PDMR/Director Dealing, a
share purchase by Kensington Trust Singapore Ltd ("Kensington").
Kensington is Bluebird's largest shareholder and is a party
associated with CEO, Colin Patterson.
Kensington purchased 1,253,497 shares from Momentum Resources
("Momentum") that formed part of the shares issued to Momentum as a
result of the Exercise of Warrants that was announced on 18 June
2020. Colin Patterson has a minority interest in Momentum and
therefore is considered a related party.
The share purchase increases Kensington's stake to 69,930,300
shares, which represents 18% of the issued share capital. The PDMR
Notification is set out below.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014
("MAR").
Enquiries:
Bluebird Merchant Ventures Ltd jmk@bluebirdmv.com
Jonathan Morley-Kirk, Non-Executive
Chairman
PDMR Notification
1 Details of the person discharging managerial
responsibilities/person closely associated
a) Name Kensington Trust Singapore
Ltd
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status A party associated with
Colin Patterson, Director
--------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ----------------------------------
3 Details of the issuer; emission allowance market
participant, auction platform, auctioneer or
auction monitor
---------------------------------------------------------------------
a) Name Bluebird Merchant Ventures Ltd
--------------------------------- ----------------------------------
b) LEI 213800QLGKFZHML52C51
--------------------------------- ----------------------------------
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 financial Ordinary shares
instrument, type
of financial instrument
Identification code
VGG118701058
--------------------------------- ----------------------------------
b) Nature of the transaction Share Purchase
--------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) (pence)
Volume(s)
626,749 at 2.0p
313,374 at 2.5p
313,374 at 3.0p
--------------------------------- ----------------------------------
d) Aggregated information
* Aggregated volume 1,253,497 at 2.38p per share
* Price
--------------------------------- ----------------------------------
e) Date of the transaction 04-8-2020
--------------------------------- ----------------------------------
f) Place of the transaction XLON
--------------------------------- ----------------------------------
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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