TIDMAAU
RNS Number : 1040I
Ariana Resources PLC
09 December 2020
09 December 2020
AIM: AAU
Director/PDMR Shareholdings
Director Increases Shareholding following Exercise of
Options
Total Voting Rights
Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed
exploration and development company operating in Europe, announces
that it has been informed of the following transactions:
-- on 08 December 2020, Dr. Kerim Sener, Managing Director,
exercised vested options pursuant to the Ariana Resources PLC 2018
Share Option Plan. Dr. Sener exercised options over 6,000,000 new
ordinary shares in the Company ("Ordinary Shares") at the price of
1.55p per share. Application will be made for the new Ordinary
Shares, which will rank pari passu will all existing Ordinary
Shares, to be admitted to trading on AIM on or around 22 December
2020 ("Admission");
-- on 08 December 2020, Dr. Sener disposed of a total of
2,500,000 Ordinary Shares at 5.20p per share;
-- and, on 07 December 2020, Dr. Sener disposed of a total of
2,500,000 Ordinary Shares at 5.20p per share;
Accordingly, Dr. Sener has increased his personal holding by
1,000,000 Ordinary Shares. Dr. Sener now has interests in
18,985,526 Ordinary Shares in the Company, representing a holding
of 1.76% of the enlarged issued share capital after the exercise of
options referred to above.
Total Voting Rights
The Company's issued share capital will, from Admission, consist
of 1,075,677,943 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 1,075,677,943
.
The above figure of 1,075,677,943 Ordinary Shares may be used by
shareholders in the Company 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 share capital of
the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
The following information relating to the transaction has been
filed with the FCA in accordance with Article 19(1) of the Market
Abuse Regulation,
Ahmet Kerim Sener
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Ahmet Kerim Sener
-------------------------- ------------------------------------------------
2 Reason for notification
----------------------------------------------------------------------------
a) Position / status Managing Director
-------------------------- ------------------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ------------------------------------------------
3 Details of t he issu er, emission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer
or auc tion monitor
----------------------------------------------------------------------------
a) Name Ariana Resources plc
-------------------------- ------------------------------------------------
b) LEI 213800LVVY7GZY21LH22
-------------------------- ------------------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument, in Ariana Resources plc
t ype of instrument
I d e ntification ISIN GB00B085SD50
code
-------------------------- ------------------------------------------------
Nature of the transaction
* Exercise of options by Dr Sener
* Sale of ordinary shares by Dr Sener
* Sale of ordinary shares by Dr Sener
-------------------------- ------------------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
1.55 pence 6,000,000
-----------
5.20 pence 2,500,000
-----------
5.20 pence 2,500,000
-----------
-------------------------- ------------------------------------------------
d) Aggregated information n/a
-------------------------- ------------------------------------------------
e) Date of the transaction 8 December 2020
8 December 2020
7 December 2020
-------------------------- ------------------------------------------------
f) Place of the transaction LSX
-------------------------- ------------------------------------------------
Contacts:
Ariana Resources plc Tel: +44 (0) 20 7407 3616
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) 7951 402 336
Dom Barretto / Joe Burgess / Henry arianaresources@yellowjerseypr.com
Wilkinson
Editors' Note:
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development
company operating in Europe. It has interests in gold production in
Turkey and copper-gold assets in Cyprus. The Company is developing
a portfolio of prospective licences in Turkey, which contain a
depleted total of c. 2.1 million ounces of gold and other metals
(as at July 2020).
The Red Rabbit Project is comprised of the Company's flagship
assets, the Kiziltepe and Tavsan gold projects, and is part of a
50:50 Joint Venture with Proccea Construction Co. Both assets are
located in western Turkey, which hosts some of the largest
operating gold mines in the country and remains highly prospective
for new porphyry and epithermal deposits. The Kiziltepe Sector of
the Red Rabbit Project is fully permitted and is currently in
production. The total depleted resource inventory at the Project
and its wider area is c. 500,000 ounces of gold equivalent (as at
April 2020). At Kiziltepe a Net Smelter Return ("NSR") royalty of
up to 2.5% on production is payable to Franco-Nevada Corporation.
At Tavsan an NSR royalty of up to 2% on future production is
payable to Sandstorm Gold.
The 100% owned Salinbas Gold Project is located in north-eastern
Turkey and has a total resource inventory of c. 1.5 million ounces
of gold. The project comprises three notable licence areas:
Salinbas, Ardala and Hizarliyayla, all of which are located within
the multi-million ounce Artvin Goldfield. The "Hot Gold Corridor"
contains several significant gold-copper projects including the 4
million ounce Hot Maden project, which lies 16km to the south of
Salinbas and 7km south of Hizarliyayla. A NSR royalty of up to 2%
on future production is payable to Eldorado Gold Corporation on the
Salinbas Gold Project.
Ariana is also earning-in to 50% of UK-registered Venus Minerals
Ltd ("Venus") and has to date earned into an entitlement to c. 12%.
Venus is focused on the exploration and development of copper-gold
assets in Cyprus, which includes the Magellan Project on which a
resource of 8.5Mt @ 0.63% Cu (+ Au, Ag, Zn) has been defined.
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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December 09, 2020 07:45 ET (12:45 GMT)
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