DIRECTOR/PDMR SHAREHOLDINGS

RNS Number : 6328C
Ariana Resources PLC
12 October 2022
 

Trade on AIM logo Ariana Resources PLC NEW

 

 

 

 

 

12 October 2022


AIM: AAU

 

Director/PDMR Shareholdings

 

Total Voting Rights

 

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company with gold mining interests in Europe, announces that it has been informed of the following:

 

-  Mr Christopher Sangster, Director, on 11 October 2022 exercised options pursuant to the Ariana Resources PLC 2018 Share Option Plan over 2,000,000 ordinary shares in the Company ("Ordinary Shares") at 1.55 pence per share.  Application will be made for the new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM on or around 14 October 2022 ("Admission").

 

-  Dr Kerim Sener, Managing Director, on 10 October 2022 purchased 1,100,000 Ordinary Shares into his SIPP at 3.07 pence per share.  Also on 10 October 2022, Dr Sener sold 1,015,000 Ordinary Shares on his own account at 3.00 pence per share.

 

For the purposes of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), at Admission the Company's issued share capital will consist of 1,144,863,330 ordinary shares with a nominal value of 0.1p 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 is 1,144,863,330.

 

Accordingly the holding of Mr Sangster is now 7,927,287 Ordinary Shares in the Company, representing a percentage holding of 0.69% of the Company's enlarged share capital, and the holding of Dr Sener is now 21,198,526 Ordinary Shares in the Company, representing a percentage holding of 1.85% of the Company's enlarged share capital.

 

Christopher Sangster

 

1

Details ofthe person discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Christopher Sangster

2

Reason for notification

a)

Position / status

Director

 

b)

I nitial 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

 

I d e ntification code

Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 


Nature of the transactions

exercise of options

c)

Price(s) and volumes(s)

 

 

Price(s)

Volumes(s)

1.55 pence

 

2,000,000

 

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

10 October 2022

 

f)

Place of the transaction

Off market

 

Kerim Sener

 

1

Details ofthe person discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Kerim Sener

2

Reason for notification

a)

Position / status

Managing Director

 

b)

I nitial 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

 

I d e ntification code

Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 


Nature of the transactions

purchase into SIPP

disposal

c)

Price(s) and volumes(s)

 

 

Price(s)

Volumes(s)

3.07 pence

3.00 pence

 

1,100,000

1,015,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

10 October 2022

 

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation.

 

 

Contacts:

 

Ariana Resources plc

Tel: +44 (0) 20 3476 2080

Michael de Villiers, Chairman


Kerim Sener, Managing Director


Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt


Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7886 2500

John Prior / Hugh Rich / Atholl Tweedie


Yellow Jersey PR Limited

Tel: +44 (0) 20 3004 9512

Dominic Barretto / Henry Wilkinson / Laurie Gellhorn

arianaresources@yellowjerseypr.com

 

Editors' Note:

About Ariana Resources:

Ariana is an AIM-listed mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include gold production in Turkey and copper-gold exploration and development projects in Cyprus and Kosovo. 

 

The Company holds 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Ozaltin Holding A.S. and Proccea Construction Co. in Turkey which contains a depleted total of c. 2.1 million ounces of gold and other metals (as at February 2022). The joint venture comprises the Kiziltepe Mine and the Tavsan and Salinbas projects. 

 

The Kiziltepe Gold-Silver Mine is located in western Turkey and contains a depleted JORC Measured, Indicated and Inferred Resource of 222,000 ounces gold and 3.8 million ounces silver (as at February 2022). The mine has been in profitable production since 2017 and is expected to produce at a rate of c.20,000 ounces of gold per annum to at least the mid-2020s. A Net Smelter Return ("NSR") royalty of 2.5% on production is being paid to Franco-Nevada Corporation.

 

The Tavsan Gold Mine is located in western Turkey and contains a JORC Measured, Indicated and Inferred Resource of 253,000 ounces gold and 0.7 million ounces silver (as at June 2020). Following the approval of its Environmental Impact Assessment and associated permitting, Tavsan is being developed as the second gold mining operation in Turkey. A NSR royalty of up to 2% on future production is payable to Sandstorm Gold. 

 

The Salinbas Gold Project is located in north-eastern Turkey and contains a JORC Measured, Indicated and Inferred Resource of 1.5 million ounces of gold (as at July 2020). It is located within the multi-million ounce Artvin Goldfield, which contains the "Hot Gold Corridor" comprising several significant gold-copper projects including the 4 million ounce Hot Maden project, which lies 16km to the south of Salinbas. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

 

Ariana owns 100% of Australia-registered Asgard Metals Fund ("Asgard"), as part of the Company's proprietary Project Catalyst Strategy. The Fund is focused on investments in high-value potential, discovery-stage mineral exploration companies located across the Eastern Hemisphere and within easy reach of Ariana's operational hubs in Australia, Turkey and the UK.

 

Ariana owns 75% of UK-registered Western Tethyan Resources Ltd ("WTR"), which operates across south-eastern Europe and is based in Pristina, Republic of Kosovo.  The company is targeting its exploration on major copper-gold deposits across the porphyry-epithermal transition.  WTR is being funded through a five-year Alliance Agreement with Newmont Corporation ( www.newmont.com ).

 

Ariana owns 50% of UK-registered Venus Minerals Ltd ("Venus") which is focused on the exploration and development of copper-gold assets in Cyprus which contain a combined JORC Indicated and Inferred Resource of 17Mt @ 0.45% to 1.10% copper (excluding additional gold, silver and zinc), in addition to pursuing a separate 50:50 JV on Hellenic Apliki Mines, which owns the Hellenic SX-EW processing plant and the 17Mt @ 0.26% to 0.69% Cu Apliki mine development project. 

 

Panmure Gordon (UK) Limited is broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser and Broker.

 

For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com .

 

Ends.

 

 

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