Director Dealing and Issue of Equity

RNS Number : 4713R
Shanta Gold Limited
28 February 2019
 

28 February 2019

Shanta Gold Limited

 

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

 

Director Dealing and Issue of Equity

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces performance pay in shares for Senior Management: Eric Zurrin (Chief Executive Officer), Luke Leslie (Chief Financial Officer), Honest Mrema (General Manager), Philbert Rweyemamu (General Manager) and Calvin Mlingi (Head of Country Affairs). Each have been issued with ordinary shares of 0.01p each in the Company ("Ordinary Shares"). In aggregate, this will result in the issuance of 8,413,304 Ordinary Shares.  Details of the individual awards are set out below.

Application has been made to London Stock Exchange plc ("LSE") for those 8,413,304 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur and dealings in the new Ordinary Shares are expected to commence on the LSE at 8.00 a.m. on or around 6 March 2019.

From Admission, the Company's issued ordinary share capital will comprise 787,303,086  ordinary shares with voting rights. No ordinary shares are held in treasury. The figure of 787,303,086 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


Charles Vivian / Barnaby Hayward

+44 (0)20 7920 3150




Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')

 

1.        

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Eric Zurrin

2.         

Reason for the notification

a.         

Position/status

Chief Executive Officer

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

Issuance of new ordinary shares as part of salary sacrifice and performance payment

c.         

Price(s) and volume(s)

Price(s)

£0.0525

Volume(s)

3,478,735

d.         

Aggregated information

·    Aggregated volume

·    Price

 

 

3,478,735

£182,633.59

e.         

Date of the transaction

28 February 2019

f.         

Place of the transaction

Off Market

 

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Luke Leslie

2.        

Reason for the notification

a.        

Position/status

Chief Financial Officer

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

Issuance of new ordinary shares as part of salary sacrifice and performance payment

c.        

Price(s) and volume(s)

Price(s)

£0.0525

Volume(s)

2,862,564

d.        

Aggregated information

·    Aggregated volume

·    Price

 

 

2,862,564

£150,284.61

e.        

Date of the transaction

28 February 2019

f.         

Place of the transaction

Off market

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Honest Mrema

2.        

Reason for the notification

a.        

Position/status

General Manager

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

Issuance of new ordinary shares as part of salary sacrifice and performance payment

c.        

Price(s) and volume(s)

Price(s)

£0.0525

Volume(s)

791,022

d.        

Aggregated information

·    Aggregated volume

·    Price

 

 

791,022

£41,528.66

e.        

Date of the transaction

28 February 2019

f.         

Place of the transaction

Off market

 

5.        

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Philbert Rweyemamu

6.         

Reason for the notification

a.         

Position/status

General Manager

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

Issuance of new ordinary shares as part of salary sacrifice and performance payment

c.         

Price(s) and volume(s)

Price(s)

£0.0525

Volume(s)

796,925

d.         

Aggregated information

·    Aggregated volume

·    Price

 

 

796,925

£41,838.56

e.         

Date of the transaction

28 February 2019

f.         

Place of the transaction

Off market

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Calvin Mlingi

2.         

Reason for the notification

a.         

Position/status

Head of Country Affairs

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

Issuance of new ordinary shares as part of salary sacrifice and performance payment

c.         

Price(s) and volume(s)

Price(s)

£0.0525

Volume(s)

484,058

d.         

Aggregated information

·    Aggregated volume

·    Price

 

 

484,058

£25,413.05

e.         

Date of the transaction

28 February 2019

f.         

Place of the transaction

Off market

 

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 81,872 ounces in 2018. The Company has been admitted to trading on London's AIM and has approximately 787 million shares in issue. For further information please visit: www.shantagold.com.

ENDS

 


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