AAU Ariana Resources Plc

 
TIDMAAU 
 
   22 July 2016 
 
   AIM: AAU 
 
   DIRECTORS' SUBSCRIPTIONS 
 
   DIRECTORS' DEALINGS 
 
   TOTAL VOTING RIGHTS 
 
   Further to the announcement earlier today relating to the placing to 
raise GBP445,000 (the "Placing"), Ariana Resources plc ("Ariana" or "the 
Company"), is pleased to announce that three directors of the Company, 
namely Mr. Michael de Villiers, Dr. Kerim Sener and Mr. William Payne, 
have subscribed for a total of 2,050,000 new ordinary shares of 0.1 
pence each in the Company at a price of 1.5 pence per share (the 
"Director Shares"), being on the same terms as the Placing, for a 
further sum of GBP30,750. 
 
   Application will be made for the 29,616,666 new ordinary shares of 0.1 
pence issued under the Placing, together with the 2,050,000 Director 
Shares, to be admitted to trading on AIM ("Admission").  Such shares 
will rank pari passu with all existing ordinary shares in the Company, 
and Admission is expected to take place on 5 August 2016. 
 
   The following Directors have subscribed for Director Shares, with the 
resultant shareholding as described below: 
 
 
 
 
                                                               Percentage of 
                                                              enlarged share 
                     Number of Director  Shareholding upon     capital upon 
Name                       Shares            Admission           Admission 
Michael de Villiers           1,050,000          26,050,000               3.09 
Kerim Sener                     666,667          13,076,868               1.55 
William Payne                   333,333           4,801,622               0.57 
 
 
   Total voting rights 
 
   At Admission, the Company's issued share capital will consist of 
841,541,783 ordinary shares with a nominal value of 0.1 pence each, with 
voting rights ("Ordinary Shares").  The Company does not hold any 
Ordinary Shares in Treasury.  Therefore the total number of Ordinary 
Shares in the Company with voting rights will be 841,541,783. 
 
   Special note concerning the Market Abuse Regulation 
 
   This announcement contains inside information for the purposes of 
Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). 
Market soundings, as defined in MAR, were taken in respect of the 
Placing, with the result that certain persons became aware of inside 
information, as permitted by MAR. That inside information is set out in 
this announcement. Therefore, those persons that received inside 
information in a market sounding are no longer in possession of inside 
information relating to the Company and its securities. 
 
   Contacts: 
 
 
 
 
Ariana Resources plc             Tel: +44 (0) 20 7407 3616 
Michael de Villiers, Chairman 
Kerim Sener, Managing Director 
 
Beaumont Cornish Limited         Tel: +44 (0) 20 7628 3396 
Roland Cornish / Felicity Geidt 
 
Beaufort Securities Limited      Tel: +44 (0) 20 7382 8300 
Jon Belliss 
 
Panmure Gordon (UK) Limited      Tel: +44 (0) 20 7886 2500 
Adam James / Tom Salvesen 
 
 
 
   The notification below, made in accordance with the requirements of the 
EU Market Abuse Regulation, provides further detail in respect of the 
Directors subscribing for Director Shares as described above. 
 
   Michael de Villiers 
 
   1 
 
   Details  of  the  person  discharging  managerial  responsibilities  / 
person  closely associated 
 
   a) 
 
   Name 
 
   Michael de Villiers 
 
   2 
 
   Reason for 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 
 
   Ariana Resources plc 
 
   b) 
 
   LEI 
 
   Not applicable 
 
   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, type of instrument 
 
   Identification code 
 
   Ordinary shares of 0.1 pence each in Ariana Resources plc 
 
   ISIN GB00B085SD50 
 
   Nature of the transaction 
 
   Purchase of new ordinary shares as described above 
 
   c) 
 
   Price(s) and volumes(s) 
 
 
 
 
 
 
Price(s)    Volumes(s) 
1.5 pence    1,050,000 
 
   d) 
 
   Aggregated information 
 
   n/a 
 
   e) 
 
   Date of the transaction 
 
   22 July 2016 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM (XLON) 
 
   Kerim Sener 
 
   1 
 
   Details  of  the  person  discharging  managerial  responsibilities  / 
person  closely associated 
 
   a) 
 
   Name 
 
   Kerim Sener 
 
   2 
 
   Reason for notification 
 
   a) 
 
   Position / status 
 
   Managing Director 
 
   b) 
 
   Initial notification 
 
   /Amendment 
 
   Initial 
 
   3 
 
   Details of the issuer,  emission allowance market participant, auction 
platform, auctioneer or auction monitor 
 
   a) 
 
   Name 
 
   Ariana Resources plc 
 
   b) 
 
   LEI 
 
   Not applicable 
 
   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, type of instrument 
 
   Identification code 
 
   Ordinary shares of 0.1 pence each in Ariana Resources plc 
 
   ISIN GB00B085SD50 
 
   Nature of the transaction 
 
   Purchase of new ordinary shares as described above 
 
   c) 
 
   Price(s) and volumes(s) 
 
 
 
 
 
 
Price(s)    Volumes(s) 
1.5 pence      666,667 
 
   d) 
 
   Aggregated information 
 
   n/a 
 
   e) 
 
   Date of the transaction 
 
   22 July 2016 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM (XLON) 
 
   William Payne 
 
   1 
 
   Details  of  the  person  discharging  managerial  responsibilities  / 
person  closely associated 
 
   a) 
 
   Name 
 
   William Payne 
 
   2 
 
   Reason for notification 
 
   a) 
 
   Position / status 
 
   Director 
 
   b) 
 
   Initial notification 
 
   /Amendment 
 
   Initial 
 
   3 
 
   Details of the issuer,  emission allowance market participant, auction 
platform, auctioneer or auction monitor 
 
   a) 
 
   Name 
 
   Ariana Resources plc 
 
   b) 
 
   LEI 
 
   Not applicable 
 
   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, type of instrument 
 
   Identification code 
 
   Ordinary shares of 0.1 pence each in Ariana Resources plc 
 
   ISIN GB00B085SD50 
 
   Nature of the transaction 
 
   Purchase of new ordinary shares as described above 
 
   c) 
 
   Price(s) and volumes(s) 
 
 
 
 
 
 
Price(s)    Volumes(s) 
1.5 pence      333,333 
 
   d) 
 
   Aggregated information 
 
   n/a 
 
   e) 
 
   Date of the transaction 
 
   22 July 2016 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM (XLON) 
 
   Editors' Notes: 
 
   About Ariana Resources: 
 
   Ariana is an exploration and development company focused on epithermal 
gold-silver and porphyry copper-gold deposits in Turkey.  The Company is 
developing a portfolio of prospective licences selected on the basis of 
its in-house geological and remote-sensing database, on its own in 
western Turkey and in Joint Venture with Eldorado Gold Corporation in 
north-eastern Turkey.  Eldorado owns 51% of this joint venture and are 
fully funding all exploration work on the JV properties, while Ariana 
owns 49%.  The total resource inventory within this JV is 1.09 million 
ounces of gold. 
 
   The Company's flagship assets are its Kiziltepe and Tavsan gold projects 
which form the Red Rabbit Gold Project.  Both contain a series of 
prospects, within two prolific mineralised districts in the Western 
Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. 
This Province hosts the largest operating gold mines in Turkey and 
remains highly prospective for new porphyry and epithermal deposits. 
These core projects, which are separated by a distance of 75km, are 
being assessed as to their economic merits and now form part of a Joint 
Venture with Proccea Construction Co.  The Kiziltepe Sector of the Red 
Rabbit Project is fully-permitted and is currently in construction.  The 
total resource inventory at the Red Rabbit Project and wider project 
area stands at c. 525,000 ounces of gold equivalent. 
 
   Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint 
brokers to the Company and Beaumont Cornish Limited is the Company's 
Nominated Adviser. 
 
   For further information on Ariana you are invited to visit the Company's 
website at www.arianaresources.com. 
 
   Ends 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Ariana Resources plc via Globenewswire 
 
   HUG#2030235 
 
 
  http://www.arianaresources.com/s/Home.asp 
 

(END) Dow Jones Newswires

July 22, 2016 09:46 ET (13:46 GMT)

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