TIDMAAU
RNS Number : 3997F
Ariana Resources PLC
04 November 2022
4 November 2022
AIM: AAU
Director/PDMR Shareholdings
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:
- Mr Michael de Villiers, Chairman, on 3 November 2022 exercised
options pursuant to the Ariana Resources PLC 2018 Share Option Plan
over 1,500,000 ordinary shares in the Company ("Ordinary Shares")
at 1.55 pence 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 10
November 2022 ("Admission"); and
- that Mr Michael de Villiers, Chairman, on 3 November 2022 has
disposed of 750,000 Ordinary Shares at an average price of 2.93
pence per share.
For the purposes of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority ("FCA"), at Admission the
Company's issued share capital will consist of 1,146,363,330
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 1,146,363,330.
Accordingly the holding of Mr de Villiers is now 64,750,000
Ordinary Shares in the Company, representing a percentage holding
of 5.65% of the Company's enlarged share capital.
The following information relating to the transaction has been
filed with the FCA in accordance with the UK Market Abuse
Regulation
Michael de Villier
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 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 transactions
* exercise of options
* disposal of ordinary shares
--------------------------- ----------------------------------------
c) Price(s) and volumes(s)
Price(s) Volumes(s)
1.55 pence 1,500,000
2.93 pence 750,000
-----------
--------------------------- ----------------------------------------
d) Aggregated information n/a
--------------------------- ----------------------------------------
e) Date of the transaction
* 3 November 2022
--------------------------- ----------------------------------------
f) Place of the transaction Off market
--------------------------- ----------------------------------------
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation.
Contacts:
Ariana Resources plc Tel: +44 (0) 20 3476
2080
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) 20 3004
9512
Dominic Barretto / Henry Wilkinson arianaresources@yellowjerseypr.com
/ Laurie Gellhorn
Editors' Note:
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development
company 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 production in Turkey and copper-gold exploration and
development projects in Cyprus and Kosovo.
The Company holds 23.5% interest in Zenit Madencilik San. ve
Tic. A.S. a joint venture with Ozaltin 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 February 2022).
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 222,000 ounces gold and 3.8 million ounces silver (as at
February 2022). 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 Mine is located in western Turkey and contains a
JORC Measured, Indicated and Inferred Resource of 253,000 ounces
gold and 0.7 million ounces silver (as at June 2020). Following the
approval of its Environmental Impact Assessment and associated
permitting, Tavsan is being developed as the second gold mining
operation in Turkey. 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 owns 100% of Australia-registered Asgard Metals Fund
("Asgard"), as part of the Company's proprietary Project Catalyst
Strategy. The Fund is focused on investments in high-value
potential, discovery-stage mineral exploration companies located
across the Eastern Hemisphere and within easy reach of Ariana's
operational hubs in Australia, Turkey and the UK.
Ariana owns 75% of UK-registered Western Tethyan Resources Ltd
("WTR"), which operates across south-eastern Europe and is based in
Pristina, Republic of Kosovo. The company is targeting its
exploration on major copper-gold deposits across the
porphyry-epithermal transition. WTR is being funded through a
five-year Alliance Agreement with Newmont Corporation (
www.newmont.com ).
Ariana owns 50% of UK-registered Venus Minerals Ltd ("Venus")
which is focused on the exploration and development of copper-gold
assets in Cyprus which contain a combined JORC Indicated and
Inferred Resource of 17Mt @ 0.45% to 1.10% copper (excluding
additional gold, silver and zinc), in addition to pursuing a
separate 50:50 JV on Hellenic Apliki Mines, which owns the Hellenic
SX-EW processing plant and the 17Mt @ 0.26% to 0.69% Cu Apliki mine
development project.
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
DSHBDBDBBBGDGDS
(END) Dow Jones Newswires
November 04, 2022 08:12 ET (12:12 GMT)
Ariana (AQSE:AAU.GB)
Historical Stock Chart
From Dec 2024 to Jan 2025
Ariana (AQSE:AAU.GB)
Historical Stock Chart
From Jan 2024 to Jan 2025
