Correction - Director/PDMR Shareholding

RNS Number : 7033L
Shanta Gold Limited
23 April 2018
 

The following amendment has been made to the ' Director/PDMR Shareholding' announcement released on 19 April 2018 at 7.00am under RNS No 3849L. 

It was previously stated that the Company had applied for 863,477 Fee Sacrifice Shares to be admitted to trading on AIM instead of 863,476.   All other details remain unchanged.

The full amended text is shown below.

 

 

23 April 2018

Shanta Gold Limited

 

("Shanta Gold", "Shanta" or the "Company")

 

Correction - 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 24 April 2018.

From Admission, the Company's issued ordinary share capital will comprise 778,048,161 ordinary shares. No ordinary shares are held in treasury. The figure of 778,048,161 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.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

Enquiries:

 

Shanta Gold Limited


Eric Zurrin (CEO)

+255 (0) 22 292 5148

Luke Leslie (CFO)

 


Nominated Adviser and Broker


Numis Securities Limited


Paul Gillam / John Prior / James Black

+44 (0)20 7260 0000



Financial Public Relations


Tavistock


Jos Simson / Charles Vivian / Barnaby Hayward

+44 (0)20 7920 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 79,585 ounces in 2017. For further information please visit: www.shantagold.com.

 

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

/Amendment

Initial Notification

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 of the

Financial instrument, type of instrument

Identification code

Ordinary shares of 0.01 pence each


GB00BOC6R828

 

b.         

Nature of the transaction

Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017

c.         

Price(s) and volume(s)

Price(s)

£0.06

Volume(s)

423,888

d.         

Aggregated information

·     Aggregated volume

·     Price

 

 

423,888

£25,433.28

e.         

Date of the transaction

19 April 2018

f.         

Place of the transaction

Off market

 

 

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

/Amendment

Initial Notification

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 of the

Financial instrument, type of instrument

Identification code

Ordinary shares of 0.01 pence each


GB00BOC6R828

 

b.         

Nature of the transaction

Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017

c.         

Price(s) and volume(s)

Price(s)

£0.06

Volume(s)

219,794

d.         

Aggregated information

·     Aggregated volume

·     Price

 

 

219,794

£13,187.64

e.         

Date of the transaction

19 April 2018

f.         

Place of the transaction

Off market

 

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

/Amendment

Initial Notification

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 of the

Financial instrument, type of instrument

Identification code

Ordinary shares of 0.01 pence each


GB00BOC6R828

 

b.         

Nature of the transaction

Subscription for new ordinary shares as part of salary/fee sacrifice arrangement announced to the market on 20 June 2017

c.         

Price(s) and volume(s)

Price(s)

£0.06

Volume(s)

219,794

d.         

Aggregated information

·     Aggregated volume

·     Price

 

 

219,794

£13,187.64

e.         

Date of the transaction

19 April 2018

f.         

Place of the transaction

Off market

 

ENDS

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHPGURGCUPRPGP
UK 100

Latest directors dealings