Shanta Gold Limited Director/PDMR Shareholding (8434A)
January 03 2018 - 6:07AM
UK Regulatory
TIDMSHG
RNS Number : 8434A
Shanta Gold Limited
03 January 2018
3 January 2018
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
Director/PDMR Shareholding
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
developer and explorer, announces that, pursuant to the salary/fee
sacrifice arrangements entered into on 20 June 2017 under which
those directors committed to subscribe for ordinary shares on a
quarterly basis for a period of 12 months, Anthony Durrant
(Chairman), Ketan Patel (Non-Executive Director), and Keith
Marshall (Non-Executive Director), have each subscribed for
ordinary shares in the Company by way of fee sacrifice at a price
of 6 pence per share. In aggregate, this will result in the
issuance of 863,476 ordinary shares in Company (the "Fee Sacrifice
Shares").
Application has been made to London Stock Exchange plc ("LSE")
for the 863,476 Fee Sacrifice Shares to be admitted to trading on
AIM ("Admission"). Admission is expected to occur and dealings in
the Fee Sacrifice Shares are expected to commence on the LSE at
8.00 a.m. on or around 8 January 2018.
From Admission, the Company's issued ordinary share capital will
comprise 769,491,787 ordinary shares. No ordinary shares are held
in treasury. The figure of 769,491,787 may be used by the Company's
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Notification of transaction by Person Discharging Managerial
Responsibilities ("PDMR')
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------------
a. Name Anthony Durrant
---- -------------------------------- ------------------------------------------
2. Reason for the notification
---- ----------------------------------------------------------------------------
a. Position/status PDMR
---- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
---- -------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
---- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
---- -------------------------------- ------------------------------------------
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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
---- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
---- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 423,888
---- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 423,888
---- -------------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
---- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
---- -------------------------------- ------------------------------------------
5. Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------------
a. Name Ketan Patel
---- -------------------------------- ------------------------------------------
6. Reason for the notification
---- ----------------------------------------------------------------------------
a. Position/status PDMR
---- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
---- -------------------------------- ------------------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
---- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
---- -------------------------------- ------------------------------------------
8. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
---- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
---- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 219,794
---- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 219,794
---- -------------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
---- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
---- -------------------------------- ------------------------------------------
9. Details of the person discharging managerial
responsibilities / person closely associated
----- ----------------------------------------------------------------------------
a. Name Keith Marshall
----- -------------------------------- ------------------------------------------
10. Reason for the notification
----- ----------------------------------------------------------------------------
a. Position/status PDMR
----- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
----- -------------------------------- ------------------------------------------
11. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
----- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
----- -------------------------------- ------------------------------------------
12. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
----- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
----- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 219,794
----- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 219,794
----- -------------------------------- ------------------------------------------
e. Date of the 3 January 2018
transaction
----- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
----- -------------------------------- ------------------------------------------
This announcement is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
Enquiries:
Shanta Gold Limited
+255 (0) 22 292
Eric Zurrin (CEO) 5148
Luke Leslie (CFO)
Nominated Adviser and Broker
Peel Hunt LLP
Ross Allister / Richard Crichton +44 (0)20 7418
/ Chris Burrows 8900
Financial Public Relations
Tavistock
Jos Simson / Charles Vivian +44 (0)20 7920
/ Barnaby Hayward 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer
and explorer. It currently has defined ore resources on the New
Luika and Singida projects in Tanzania and holds exploration
licences over a number of additional properties in the country.
Shanta's flagship New Luika Gold Mine commenced production in 2012
and produced 87,714 ounces in 2016. The Company has been admitted
to trading on London's AIM and has approximately 769 million shares
in issue. For further information please visit:
www.shantagold.com.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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