TIDMAAU
RNS Number : 4144T
Ariana Resources PLC
25 March 2021
25 March 2021
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 24 March 2021, Michael de Villiers, Chairman, exercised
vested options pursuant to the Ariana Resources PLC 2018 Share
Option Plan. Mr de Villiers exercised options over 3,000,000 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 with all existing Ordinary
Shares, to be admitted to trading on AIM on or around 31 March 2021
("Admission");
-- and, on 24 March 2021, Mr de Villiers disposed of a total of
600,000 Ordinary Shares at 4.73p per share.
Accordingly, Mr de Villiers has increased his personal holding
by 2,400,000 Ordinary Shares. Mr de Villiers now has interests in
58,400,000 Ordinary Shares in the Company, representing a holding
of 5.38% 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 1,084,677,943 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 1,084,677,943
.
The above figure of 1,084,677,943 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,
Michael de Villiers
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Michael de Villiers
-------------------------- ------------------------------------------------------------
2 Reason for notification
----------------------------------------------------------------------------------------
a) Position / status Chairman
-------------------------- ------------------------------------------------------------
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 Mr de Villiers
* Sale of ordinary shares by Mr de Villiers
-------------------------- ------------------------------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
1.55p 3,000,000
-----------
4.73p 600,000
-----------
-------------------------- ------------------------------------------------------------
d) Aggregated information n/a
-------------------------- ------------------------------------------------------------
e) Date of the transaction 24 March 2021
24 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.
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