Eurasia Mining PLC Issue of Equity & Directors' Holdings (1991D)
24 June 2019 - 8:12PM
UK Regulatory
TIDMEUA
RNS Number : 1991D
Eurasia Mining PLC
24 June 2019
Eurasia Mining plc ("Eurasia" or "the Company"),
Issue of Equity & Directors' Holdings
Eurasia Mining plc ("Eurasia" or "the Company"), the PGM and
gold producing company, announces that it has today issued
25,273,400 ordinary shares of 0.1 pence at 0.5 pence per share,
being the closing price on 21 June 2019 (the "New Shares") in
settlement of invoices for various services including accrued
directors fees.
The Directors and management have decided to continue to receive
their compensation in shares and to reinvest the cash generated by
the mining at West Kytlim into further expansion of production. It
is expected that this will accelerate the payback to the Company
and its shareholders and is a further demonstration of Directors'
confidence in the Company's operations. .
Of the New Shares:
(i) 8,500,000 ordinary shares are being issued to Executive
Chairman Christian Schaffalitzky, in lieu of GBP42,900 accrued
directors fees, bringing his total holding to 89,569,517 ordinary
shares or 3.60 % of issued share capital;
(ii) 9,920,000 ordinary shares are being issued to Non-Executive
Director Dmitry Suschov, in lieu of GBP49,600 accrued consulting
and director's fees, bringing his total holding, including shares
held in a company in which he owns and controls, to 465,647,496
ordinary shares or 18.72% of issued share capital ; and
(iii) A further 6,853,400 ordinary shares are issued at 0.5
pence to consultants in lieu of accrued fees.
Accordingly, the Company has today issued a total of 25,273,400
new ordinary shares ("New Shares"). Application has been made to
admit the New Shares to trading on AIM and dealings in the New
Shares are expected to commence at 8:00am on or around the 28 June
2019 ("Admission")
Following Admission, the total number of issued ordinary shares
in the Company will be 2,487,751,921 ordinary shares and
consequently the total number of voting rights in the Company will
be 2,487,751,921. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in the
share capital of the Company under the Disclosure and Transparency
Rules.
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky
+44 (0)207 932 0418
WH Ireland Limited (Nomad and Joint Broker)
Katy Mitchell / James Sinclair-Ford
+44 (0)161 832 2174
First Equity Limited (Joint Broker)
Jason Robertson
Tel: +44 (0)20 7374 2212
Optiva Securities (Joint Broker)
Christian Dennis
Tel: +44 (0) 20 3137 1902
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 Christian Schaffalitzky
----------------------------------- -----------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Executive Chairman
----------------------------------- -----------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Eurasia Mining plc
----------------------------------- -----------------------------------
b) LEI 2138 00VW NISV 35PT I539
----------------------------------- -----------------------------------
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 Shares
financial instrument,
type of instrument
Identification code GB0003230421
----------------------------------- -----------------------------------
b) Nature of the transaction Share in lieu of payment
----------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Shares 0.05p 8,500,000
----------
----------------------------------- -----------------------------------
d) Aggregated information
* Aggregated volume 8,500,000
0.5p
* Price
---------------------------------------- -----------------------------------
e) Date of the transaction 24 June 2019
----------------------------------- -----------------------------------
f) Place of the transaction London, UK
----------------------------------- -----------------------------------
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 Dmitry Suschov
----------------------------------- -----------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Director
----------------------------------- -----------------------------------
b) Initial notification/ Initial Notification
Amendment
----------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Eurasia Mining plc
----------------------------------- -----------------------------------
b) LEI 2138 00VW NISV 35PT I539
----------------------------------- -----------------------------------
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, Shares
type of instrument
Identification code GB0003230421
----------------------------------- -----------------------------------
b) Nature of the transaction Share in lieu of payment
----------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Shares 0.5p 9,920,000
----------
----------------------------------- -----------------------------------
d) Aggregated information
* Aggregated volume 9,920,000
0.5p
* Price
---------------------------------------- -----------------------------------
e) Date of the transaction 24 June 2019
----------------------------------- -----------------------------------
f) Place of the transaction London, UK
----------------------------------- -----------------------------------
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END
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