Strategic Minerals PLC Admission of new shares/ PDMR Dealing (4813R)
22 September 2017 - 12:42AM
UK Regulatory
TIDMSML
RNS Number : 4813R
Strategic Minerals PLC
21 September 2017
21 September 2017
Strategic Minerals plc
("Strategic Minerals" or the "Company" or "SML")
Admission of new shares / PDMR Dealing
Further to the announcement released on 29 August 2017,
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified
mineral production and development company, announces that Mr. John
Peters, Managing Director of the Company, exercised options over
10,000,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") at a price of GBP0.01 per share. Application
has been made for 10,000,000 new Ordinary Shares to be admitted to
trading on the AIM market of the London Stock Exchange
("Admission"). Admission of these new Ordinary Shares is now
expected to occur on 25 September 2017.
Following the exercise of the share options, Mr. Peters will
have an interest in 20,000,000 Ordinary Shares, representing 1.59%
of the issued ordinary share capital of the Company, as enlarged by
the above exercise of share options.
Following the issue of new Ordinary Shares in connection with
the above share option exercise, the total issued share capital of
the Company consists of 1,255,825,560 Ordinary Shares with voting
rights. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is
1,255,825,560 and 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, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
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: Mr. John Peters
--- -------------------------------- ----------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Managing Director
--- -------------------------------- ----------------------------------------
b) Initial notification/Amendment: Initial notification
--- -------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------
a) Name: Strategic Minerals
plc
--- -------------------------------- ----------------------------------------
b) LEI: 213800DICA5NPVOJT776
--- -------------------------------- ----------------------------------------
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, 0.1p each
type of instrument:
Identification code: GB00B4W8PD74
--- -------------------------------- ----------------------------------------
b) Nature of the transaction: Exercise of options
over ordinary shares
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- -----------
0.01
pence 10,000,000
---------- -----------
--- -------------------------------- ----------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ---------- -----------
0.01
pence 10,000,000
---------- -----------
--- -------------------------------- ----------------------------------------
e) Date of the transaction: 29 August 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
--- -------------------------------- ----------------------------------------
For further information, please contact:
+61 (0) 414
Strategic Minerals plc 727 965
John Peters
Managing Director
www.strategicminerals.net
Follow Strategic Minerals on:
Vox Markets: https://www.voxmarkets.co.uk/company/SML/
Twitter: @SML_Minerals
LinkedIn: https://www.linkedin.com/company/strategic-minerals-plc
Facebook: https://www.facebook.com/search/top/?q=strategic%20minerals%20plc
+44 (0)20
SP Angel Corporate Finance LLP 3470 0470
Nominated Adviser and Joint Broker
Ewan Leggat
+44 (0)20
Optiva Securities Limited 3411 1880
Joint Broker
Graeme Dickson
+44 (0)7825
Yellow Jersey PR 916 715
Financial PR
Felicity Winkles
Joe Burgess
Henry Wilkinson
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, diversified mineral
development and production company with projects in the United
States of America, the UK and Australia. The Company is focused on
acquiring and developing cash generative, high quality projects
which meet local market demand for commodities and utilising this
cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash
generating asset; the Cobre magnetite tailings dam project in New
Mexico, USA which it brought into production in 2012 and which
continues to provide a revenue stream for the Company. The
portfolio was expanded in January 2016 with the acquisition of
shares in Central Australian Rare Earths Pty Ltd, which holds
tenements in Western Australia and the Northern Territory that are
prospective for cobalt, gold, nickel sulphides and rare earths. The
Company has since acquired all shares in Central Australian Rare
Earths Pty Ltd. In May 2016, an additional exploration asset was
acquired when the company entered into an agreement with New Age
Exploration Limited to acquire up to 50% of the Redmoor
Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now
been completed and drilling at the project has commenced.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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