Ariana Resources PLC Director/PDMR Shareholding (8562S)
March 19 2021 - 5:12AM
UK Regulatory
TIDMAAU
RNS Number : 8562S
Ariana Resources PLC
19 March 2021
19 March 2021
AIM: AAU
Director/PDMR Shareholdings
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 18 March 2021, Dr. Kerim Sener, Managing Director,
purchased into his SIPP 581,632 ordinary shares in the Company
("Ordinary Shares") at 4.9p per share;
-- and, on 18 March 2021, Dr. Sener purchased into his SIPP 368
Ordinary Shares at 4.8p per share.
Accordingly, further to the purchase of a total of 582,000
Ordinary Shares as set out above, Dr. Sener now has interests in
20,675,526 Ordinary Shares in the Company, representing a holding
of 1.91% of the issued share capital.
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
* Purchase of ordinary shares by Dr Sener
* Purchase of ordinary shares by Dr Sener
-------------------------- ----------------------------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
4.9p 581,632
-----------
4.8p 368
-----------
-------------------------- ----------------------------------------------------------
d) Aggregated information n/a
-------------------------- ----------------------------------------------------------
e) Date of the transaction 18 March 2021
18 March 2021
-------------------------- ----------------------------------------------------------
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 with an exceptional track-record of
creating value for its shareholders through its interests in active
mining projects and investments in exploration companies. Its
current interests include gold exploration, development and
production in Turkey and copper-gold exploration and development
projects in Cyprus.
The Company holds a 23.5% interest in Zenit Madencilik San. ve
Tic. A.S. a joint venture with Özaltin Holding A.S. and Proccea
Construction Co. in Turkey which contains a depleted total of c.
2.1 million ounces of gold and other metals (as at July 2020). The
joint venture comprises the Kiziltepe Mine and the Tavsan and
Salinbas projects.
The Kiziltepe Gold-Silver Mine is located in western Turkey and
contains a depleted JORC Measured, Indicated and Inferred Resource
of 227,000 ounces gold and 0.7 million ounces silver (as at April
2020). The mine has been in profitable production since 2017 and is
expected to produce at a rate of c. 20,000 ounces of gold per annum
to at least the mid-2020s. A Net Smelter Return ("NSR") royalty of
2.5% on production is being paid to Franco-Nevada Corporation.
The Tavsan Gold Project is located in western Turkey and
contains a JORC Measured, Indicated and Inferred Resource of
253,000 ounces gold and 3.7 million ounces silver (as at June
2020). The project is being progressed through permitting and an
Environmental Impact Assessment, with the intention of developing
the site to become the joint venture's second gold mining
operation. A NSR royalty of up to 2% on future production is
payable to Sandstorm Gold.
The Salinbas Gold Project is located in north-eastern Turkey and
contains a JORC Measured, Indicated and Inferred Resource of 1.5
million ounces of gold (as at July 2020). It is located within the
multi-million-ounce Artvin Goldfield, which contains the "Hot Gold
Corridor" comprising several significant gold-copper projects,
including the 4 million ounce Hot Maden project, which lies 16km to
the south of Salinbas. A NSR royalty of up to 2% on future
production is payable to Eldorado Gold Corporation.
Ariana is also earning-in to 50% of UK-registered Venus Minerals
Ltd ("Venus") and has to date earned into an entitlement to 16%.
Venus is focused on the exploration and development of copper-gold
assets in Cyprus which contain a combined JORC Inferred Resource of
9.5Mt @ 0.65% copper (excluding additional gold, silver and
zinc).
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHGCGDXGBBDGBC
(END) Dow Jones Newswires
March 19, 2021 05:12 ET (09:12 GMT)
Ariana (AQSE:AAU.GB)
Historical Stock Chart
From Jan 2025 to Feb 2025
Ariana (AQSE:AAU.GB)
Historical Stock Chart
From Feb 2024 to Feb 2025
