Director Dealing, Exercise of Options and TVR

RNS Number : 4586P
Hummingbird Resources PLC
10 June 2020
 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

10 June 2020

 

Hummingbird Resources plc

 

Director Dealing, Exercise of Options and TVR

 

Hummingbird Resources plc  ("Hummingbird" or the "Company") (AIM: HUM) announces that it has been notified of the following purchases of ordinary shares in the Company ("Ordinary Shares") by Stephen Betts, a Non-Executive Director of the Company, and his wife, which took place yesterday  (the "Purchases").

 

 

Number of Ordinary Shares Acquired

Price per Ordinary Share Acquired (p)

Stephen Betts

Non-Executive Director

100,000

26

Caroline Betts

117,500

26

Subtotal purchased on market

217,500

-

Exercise of Options*

403,500

22

Total Increase in Beneficial Interest

621,000

 

 

* Stephen Betts has exercised 403,500 options over Ordinary Shares at 22p each (the "Option Exercise"), and these Ordinary Shares will be issued to Stephen Betts as a result of the Option Exercise.

Following the Purchases and the Option Exercise, Stephen Betts' beneficial interest has increased by 621, 000, to 1,498,601 Ordinary Shares, representing approximately 0.42 per cent. of the Company's currently issued share capital. Mr Betts' total beneficial interest includes his wife's holding of 300,000 Ordinary shares, 315,101 Ordinary Shares held by Stephen Betts & Sons Limited and 180,000 Ordinary Shares held by Stephen Betts & Sons Limited (Self Administered) Pension Scheme. Daniel Betts, managing director of the Company, is also beneficially interested in Stephen Betts & Sons Limited Stephen Betts & Sons Limited (Self Administered) Pension Scheme.

The Ordinary Shares to be issued pursuant to the Options Exercise have already been admitted to trading on AIM ("Admission") under the Company's block listing most recently announced on 11 March 2020.

 

Total Voting Rights

The total number of Ordinary Shares in issue following Admission will be 354,559,378 and the Company holds no shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 354,559,378.

 

The above figure of 354,559,378 may be used by 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, Hummingbird under the FCA's Disclosure and Transparency Rules.

 

 

For further information please visit www.hummingbirdresources.co.uk or contact:  

Daniel Betts, CEO

Thomas Hill, FD

Douglas Ross, IR

Hummingbird Resources plc

Tel: +44 (0) 20 7409 6660

 

 

 

James Spinney

Ritchie Balmer

James Bellman

Strand Hanson Limited

 

Nominated Adviser

Tel: +44 (0) 20 7409 3494

 

 

 

James Asensio

Edward Montgomery

 

Canaccord Genuity Limited

 

Broker

Tel: +44 (0) 20 7523 8000

 

 

 

Tim Blythe

Megan Ray

Rachael Brooks

Blytheweigh

 

Financial PR/IR

Tel:  +44 (0) 20 7138 320 5

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

 

PDMR Notification Forms

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Betts

2.

Reason for the notification

a)

Position

Non-Executive Director

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer

a)

Name

Hummingbird Resources plc

b)

LEI

213800PBYMQ6Z2D7UZ96

4.

Details of the transaction

a)

Description of the financial instrument, type of instrument

 

Identification Code

Ordinary shares of £0.01 each

 

 

 

ISIN - GB00B60BWY28

b)

Price and volume

100,000 at 26p  

403,500 at 22p

c)

% of the issued ordinary share capital of the issuer

0.14%

d)

Date of the transaction

09 June 2020

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Caroline Betts

2.

Reason for the notification

a)

Position

A person closely associated with a PDMR

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer

a)

Name

Hummingbird Resources plc

b)

LEI

213800PBYMQ6Z2D7UZ96

4.

Details of the transaction

a)

Description of the financial instrument, type of instrument

 

Identification Code

Ordinary shares of £0.01 each

 

 

 

ISIN - GB00B60BWY28

b)

Price and volume

117,500 shares at 26p

c)

% of the issued ordinary share capital of the issuer

0.03%

c)

Date of the transaction

09 June 2020

 

 


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