Beowulf Mining PLC Sales of Shares (8680T)
October 17 2017 - 12:10PM
UK Regulatory
TIDMBEM
RNS Number : 8680T
Beowulf Mining PLC
17 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.
17 October 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Sales of Shares
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 Bevan
Metcalf (Non-Executive Chairman), a person discharging managerial
responsibilities ("PDMR"), sold 8,500,000 shares on 16 October
2017, following the exercise of options notified on 10 October
2017. After the sale of shares, Mr Metcalf has 2,165,841 ordinary
shares remaining in the Company representing approximately 0.405
per cent of the issued share capital of the Company.
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 Sale of shares
transaction
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Price Volume(s)
------ ----------
6.25p 8,500,000
------ ----------
--- ------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume
Not applicable
- Price
--- ------------------------- ---------------------------------
e) Date of the transaction 16 October 2017
--- ------------------------- ---------------------------------
f) Place of the transaction AIM of the London Stock Exchange
--- ------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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