TIDMSGZ

RNS Number : 4357O

Scotgold Resources Ltd

29 January 2019

29 January 2019

Scotgold Resources Limited

("Scotgold" or the "Company")

Notification of Transaction by Person(s) Discharging Managerial

Responsibilities ("PDMR")

The Company announces that it was notified on 29 January 2019 that Nathaniel le Roux, Non-Executive Chairman of the Company, acquired 40,000 ordinary shares of no par value each ("Ordinary Shares") at a price of 36 pence per share.

Following the purchase of 40,000 shares, Nathaniel le Roux will have a beneficial interest in 22,618,223 Ordinary Shares, representing approximately 49.56% (previously 49.47%) of the ordinary share capital of the Company.

The Company confirms that this purchase of shares completes and fulfils the share purchase order, placed by Mr le Roux, which was made in compliance with the Company's Share Dealing Policy, and further that there exists no price sensitive information which has not previously been announced to the market

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)   Full name of person              Nathaniel le Roux 
         Dealing 
       -------------------------------  ----------------------------------------- 
 2.     Reason for notification 
       -------------------------------  ----------------------------------------- 
  (a)   Position/status                  Non-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 of entity                   Scotgold Resources 
                                          Limited 
       -------------------------------  ----------------------------------------- 
  (b)   LEI                              213800HL5A2K7LW2G360 
       -------------------------------  ----------------------------------------- 
 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               Ordinary Shares of 
         financial instrument,            No Par Value 
         type of instrument 
       -------------------------------  ----------------------------------------- 
  (b)   Identification code              AU000XINEAK5 
       -------------------------------  ----------------------------------------- 
  (c)   Nature of the transaction        On market purchase 
                                          of shares 
       -------------------------------  ----------------------------------------- 
  (d)   Price(s) and volume(s)            Prices(s)    Volume(s) 
                                           36 pence      40,000 
                                                       ---------- 
       -------------------------------  ----------------------------------------- 
  (e)   Aggregated information:          Single transaction 
         - Aggregated volume              as in 4(d) above Prices(s)    Volume(s) 
         - Price                            36 pence     40,000 
                                                       ---------- 
       -------------------------------  ----------------------------------------- 
  (f)   Date of transaction                   a) 29 January 2019 
       -------------------------------  ----------------------------------------- 
  (g)   Place of transaction             XLON 
       -------------------------------  -----------------------------------------

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please contact:

 
 Scotgold Resources Limited        Tel: +44 (0)1838 400 306 
  Richard Gray 
 SP Angel Corporate Finance LLP    Tel +44 (0) 20 3470 0470 
  Nomad and Joint Broker 
  Ewan Leggat / Charlie Bouverat 
                                  -------------------------- 
 Smaller Company Capital Ltd       Tel: +44 (0)20 3651 2911 
  Joint Broker 
  Rupert Williams 
                                  -------------------------- 
 Capital Markets Consultants       Tel: +44 (0) 7703 167 065 
  Financial PR 
  Simon Rothschild 
                                  --------------------------

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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January 29, 2019 09:01 ET (14:01 GMT)

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