Atlantic Coal PLC Director dealing (5438G)
November 23 2015 - 2:00AM
UK Regulatory
TIDMATC
RNS Number : 5438G
Atlantic Coal PLC
23 November 2015
23 November 2015
Atlantic Coal plc ("Atlantic Coal" or the "Company")
Director dealing
Further to the Company's announcement made on 20 November 2014,
Atlantic Coal, the AIM listed opencast anthracite coal production
and processing company with primary activities in Pennsylvania,
USA, announces that the Company was notified on 20 November 2015
that Mount Charles (Mayfair) Ltd ("Mount Charles") acquired
142,192,308 ordinary shares in the Company ("Ordinary Shares") from
YA Global Master SPV, Ltd ("Yorkville") on 20 November 2015 at a
price of 0.13p per Ordinary Share. Mount Charles is owned equally
by Adam Wilson, the Company's Executive Chairman, and Mary Best,
the wife of the Company's Managing Director Steve Best.
As also disclosed in the Company's announcement made on 20
November 2014, Spring Capital has a call option (the "Option") in
relation to the purchase of 71,096,154 Ordinary Shares held by
Mount Charles, also at a price of 0.13p per Ordinary Share.
Following Mount Charles' acquisition of shares as stated above,
the interests of Mount Charles, Adam Wilson and Steve Best prior to
any exercise of the Option will be as follows:
Shareholder Current interest Current interest
%
---------------- ----------------- -----------------
Mount Charles* 206,294,872 4.20%
---------------- ----------------- -----------------
Adam Wilson** 138,807,070 2.83%
---------------- ----------------- -----------------
Steve Best*** 21,826,148 0.44%
---------------- ----------------- -----------------
* Mount Charles is legally and beneficially owned by Adam Wilson
and Mary Best, the wife of Steve Best, in equal proportions and who
are also its only directors.
** In addition to the 138,807,070 shares registered in his own
name, Adam Wilson beneficially owns 50 per cent. of Mount
Charles.
*** Steve Best holds 3,730,000 shares in his own name. He holds
18,096,148 via Willoughby (465) Limited a company of which he is
sole director and shareholder. He is also interested in 279,573,300
shares held by his wife, Mary Best, together with the shares held
by Mount Charles of which Mary Best beneficially owns 50 per
cent.
**ENDS**
For further information on the Company, visit:
www.atlanticcoal.com or contact:
Steve Best Atlantic Coal plc Tel: 0191 386
6392
Nick Naylor Allenby Capital Tel: 020 3328
Limited 5656
John Depasquale Allenby Capital Tel: 020 3328
Limited 5656
Alex Brearley Allenby Capital Tel: 020 3328
Limited 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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