Neo
Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market
of the London Stock Exchange
10 May 2024
Neo Energy Metals
plc
('Neo Energy' or 'the
Company')
Directors Share
Purchases
Neo Energy Metals plc, the near
term, low-cost uranium developer, is pleased to announce that
Non-Executive Directors, James Longley and Charles Tatnall have
purchased an aggregate 20,919,849
ordinary shares of £0.0001 in the Company
("Ordinary Shares") through a series of on and off market
transactions at an average price of approx. 0.55 pence per Ordinary
Share.
James Longley acquired 10,919,849
Ordinary Shares between 9 April 2024 and 17 April 2024 through
three on-market acquisitions at an average price of 0.5453
pence per Ordinary Share.
The purchase by Mr Longley has increased his shareholding in the
Company from 46,867,797 Ordinary Shares to
57,787,646 Ordinary Shares and representing 4.14% of the Company's
issued share capital.
Charles Tatnall acquired 10,000,000
Ordinary Shares at a price of 0.55 pence
per Ordinary Share through an off-market
acquisitions on 25 April 2024. The purchase by Mr Tatnall has
increased his shareholding in the Company from 51,522,797 Ordinary
Shares to 61,522,797 Ordinary Shares and
representing 4.41% of the Company's issued share
capital.
Neo
Energy CEO Sean Heathcote said
"I
am delighted to see our non-executive directors, James Longley and
Charles Tatnall, demonstrate their support and underlying
confidence in the Company and its future, by making these purchases
of additional shares.
"These purchases have increased their respective shareholdings
in the Company by almost 20% and when combined with the other
holdings held by directors, the Board collectively now have over a
40% shareholding in the Company. This major holding by the Board is
a great sign of belief in the Company and its strategy and firmly
aligns our interests with shareholders.
Refer to the attached tables - Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
James Longley
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Neo Energy Metals plc
|
|
b)
|
LEI
|
213800WE14587VRQ5Y10
|
|
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
instrument, type of instrument
Identification code
|
Ordinary Shares of
£0.0001
GB00BYWLRL80
|
|
b)
|
Nature of the transaction
|
Purchase of 10,919,849 ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.55 pence
|
10,919,849
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Average Price
|
Three Transactions
0.55 pence
|
|
e)
|
Date of the transaction
|
9-17 April 2024 via the London Stock
Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Charles Tatnall
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Neo Energy Metals plc
|
|
b)
|
LEI
|
213800WE14587VRQ5Y10
|
|
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
instrument, type of instrument
Identification code
|
Ordinary Shares of
£0.0001
GB00BYWLRL80
|
|
b)
|
Nature of the transaction
|
Purchase of 10,000,000 ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.55 pence
|
10,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Three Transactions
0.55 pence
|
|
e)
|
Date of the transaction
|
25 April 2024 in an off market
transaction
|
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation, and the Directors of the Company
are responsible for the release of this
announcement.
ENDS
About NEO Energy Metals Plc
Neo Energy Metals plc is a Uranium
developer and mining company listed on the main market of the
London Stock Exchange (LSE: NEO). The Company holds up to a 70%
stake in the Henkries Uranium Project, an advanced, low-cost mine
located in South Africa's Northern Cape Province. It has been
estimated by some that the historical investment in the project was
over US$30 million in exploration and feasibility studies, Neo
Energy aims to increase the project's mineral resources and
complete an updated feasibility study ahead of a determination of
the development schedule at the end of 2024 to bring Henkries into
production.
The company is led by a proven board
and management team with experience in uranium and mineral project
development in Southern Africa. Neo Energy's strategy focuses on an
accelerated development and production approach to generate cash
flow from Henkries while planning for long-term exploration and
portfolio growth in the highly prospective Uranium district of
Africa.
The Company's shares are also listed
on the A2X Markets (A2X: NEO), an independent South African stock
exchange, to expand its investor base and facilitate strategic
acquisitions of uranium projects, particularly within South
Africa.
For
Enquiries Contact:
|
Sean Heathcote
|
Chief Executive Officer
|
sean@neoenergymetals.com
|
|
|
|
|
|
Jason Brewer
|
Executive Chairman
|
jason@neoenergymetals.com
|
|
Faith Kinyanjui Mumbi
|
Investor Relations
|
faith@neoenergymetals.com
|
|
Tel: +44 (0) 20
7236 1177
Tel: +44 (0)
77 1242 4838
|
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