Ariana Resources PLC Ariana Resources Plc : Directors' Subscriptions, Dealings And Tvr
June 20 2017 - 10:23AM
UK Regulatory
TIDMAAU
20 June 2017
AIM: AAU
DIRECTORS' SUBSCRIPTIONS
DIRECTORS' DEALINGS
TOTAL VOTING RIGHTS
Further to the announcement earlier today relating to the placing (the
"Placing") and the subscription (the "Subscription") to raise GBP2
million, Ariana Resources plc ("Ariana" or "the Company"), is pleased to
announce that four directors of the Company, namely Mr. Michael de
Villiers, Dr. Kerim Sener, Mr. William Payne and Mr. Chris Sangster,
have subscribed for a total of 9,969,230 new ordinary shares of 0.1
pence each in the Company at a price of 1.30 pence per ordinary share
(the "Director Shares"), being on the same terms as the Subscription,
for a further sum of GBP129,600.
Application will be made for the 153,846,154 new ordinary shares of 0.1
pence issued under the Placing and Subscription, together with the
9,969,230 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 23 June 2017.
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 5,623,077 31,673,077 3.01
Kerim Sener 1,115,384 14,192,252 1.34
William Payne 2,307,692 7,109,314 0.67
Chris Sangster 923,077 1,618,729 0.15
Total voting rights
At Admission, the Company's issued share capital will consist of
1,051,637,937 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 1,051,637,937.
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
213800LVVY7GZY21LH22
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)
1.30 pence 5,623,077
d)
Aggregated information
n/a
e)
Date of the transaction
20 June 2017
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
213800LVVY7GZY21LH22
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)
1.30 pence 1,115,384
d)
Aggregated information
n/a
e)
Date of the transaction
20 June 2017
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
213800LVVY7GZY21LH22
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)
1.30 pence 2,307,692
d)
Aggregated information
n/a
e)
Date of the transaction
20 June 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)
Chris Sangster
1
Details of the person discharging managerial responsibilities /
person closely associated
a)
Name
Chris Sangster
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
213800LVVY7GZY21LH22
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)
1.30 pence 923,077
d)
Aggregated information
n/a
e)
Date of the transaction
20 June 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)
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 originally selected on
the basis of its in-house geological and remote-sensing database.
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, form
part of a 50:50 Joint Venture with Proccea Construction Co. The
Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is
currently in production. The total resource inventory at the Red Rabbit
Project and wider project area stands at c. 525,000 ounces of gold
equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to
2.5% on future production is payable to Franco-Nevada Corporation. At
Tavsan an NSR royalty of up to 2% on future production is payable to
Sandstorm Gold.
In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project,
comprising the Salinbas gold-silver deposit and the Ardala
copper-gold-molybdenum porphyry among other prospects. The total
resource inventory of the Salinbas project area is c. 1 million ounces
of gold equivalent. A NSR royalty of up to 2% on future production is
payable to Eldorado Gold Corporation.
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 Corporate Solutions on behalf
of Nasdaq 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
http://www.arianaresources.com/s/Home.asp
(END) Dow Jones Newswires
June 20, 2017 10:23 ET (14:23 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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