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Vast Resources PLC (VAST)

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Tuesday 10 August, 2021

Vast Resources PLC

Director/PDMR Shareholding

RNS Number : 1645I
Vast Resources PLC
10 August 2021
 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

 

10 August 2021

Vast Resources plc

("Vast" or the "Company")

 

Director Share Purchase

 

Vast Resources plc, the AIM-listed mining company, announces that it was notified on 10 August 2021 that on that date Mr Paul Fletcher, Finance Director of the Company, purchased 365,000 ordinary shares of 0.1 pence each in the share capital of the Company ("Ordinary Shares") at a price of 6.875 pence per Ordinary Share on the Secondary Market.

 

Following this purchase, Mr Fletcher's total beneficial ownership in the Company is 705,481 Ordinary Shares, which represents approximately 0.33% of the Company's issued share capital.

 

Market Abuse Regulation (MAR) Disclosure

 

Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until the release of this announcement.

 

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.

 

**ENDS**

 

For further information, visit www.vastplc.com or please contact:

 

Vast Resources plc
Andrew Prelea (CEO)

Andrew Hall (CCO)

 

www.vastplc.com
+44 (0) 20 7846 0974

Beaumont Cornish - Financial & Nominated Advisor

Roland Cornish

James Biddle

 

www.beaumontcornish.com

+44 (0) 20 7628 3396

Shore Capital Stockbrokers Limited  - Joint Broker
Jerry Keen (Corporate Broking)

Toby Gibbs / James Thomas (Corporate Advisory)

 

www.shorecapmarkets.co.uk
 +44 (0) 20 7408 4050

Axis Capital Markets Limited - Joint Broker
Richard Hutchison

 

www.axcap247.com
 +44 (0) 20 3206 0320

ABOUT VAST RESOURCES PLC

 

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.

 

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

 

The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

 

The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

 

In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields.

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Paul Fletcher

2. 

Reason for the notification

a)

Position/status:

Finance Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Vast Resources Plc

b)

LEI:

213800QXLO766CMGCQ60

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 £0.1 each

 

b)

Nature of the transaction:

Share purchase

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£0.06875

365,000

 

d)

Aggregated information:

Aggregated volume:

Price:

 

Price(s)

Volume(s)

£0.06875

365,000

 

e)

Date of the transaction:

10 August 2021

f)

Place of the transaction:

AIM, London Stock Exchange

 

 

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