Beowulf Mining PLC Exercise of Options/PDMR Dealing (2050T)
October 10 2017 - 6:40AM
UK Regulatory
TIDMBEM
RNS Number : 2050T
Beowulf Mining PLC
10 October 2017
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of Kurt Budge, Chief Executive Officer.
10 October 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Exercise of Options/PDMR Dealing
Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration
and development company, focused on the Kallak magnetite iron ore
project and the Åtvidaberg polymetallic exploration licence in
Sweden, and its graphite portfolio in Finland, announces that it
has received an exercise notice from Bevan Metcalf (Non-Executive
Chairman), a person discharging managerial responsibilities
("PDMR"), over 8,500,000 new ordinary shares of 1p per share in the
Company (the "Option Shares").
Of the Option Shares 8,000,000 were exercised at 1.66p and
500,000 were exercised at 4p for a total consideration of
GBP152,800. Application has been made for the Option Shares to be
admitted to trading on AIM and it is expected that admission will
take place on 16th October 2017 ("Admission").
The Option Shares will rank pari passu with the existing
ordinary shares of the Company. Following Admission of the Option
Shares, the Company's enlarged issued share capital will comprise
534,207,254 ordinary shares with voting rights. This figure 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 in their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides additional detail.
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe
(Nominated Advisor & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe/Megan Ray Tel: +44 (0) 20 7138 3204
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Bevan Metcalf
--- ------------------------- ------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR - Non-executive Chairman
--- ------------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Beowulf Mining plc
--- ------------------------- ------------------------------
b) LEI 213800MV3XGAOASPT433
--- ------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ---------------------------------------------------------
a) Description of
the financial Ordinary shares of 1p each
instrument, type
of instrument GB0033163287
Identification
code
--- ------------------------- ------------------------------
b) Nature of the Exercise of options.
transaction
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
1.66p 8,000,000
--------- ----------
4p 500,000
--------- ----------
--- ------------------------- ------------------------------
d) Aggregated information
- Aggregated volume
Not applicable
- Price
--- ------------------------- ------------------------------
e) Date of the transaction 10 October 2017
--- ------------------------- ------------------------------
f) Place of the transaction Off market
--- ------------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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