TIDMPML

RNS Number : 4894X

Papua Mining Plc

24 November 2017

Papua Mining plc

("Papua" or "the Company")

Directors' dealing

Papua Mining plc ("Papua" or "the Company") announces that on 23 November 2017 Kieran Harrington, a non-executive Director of the Company sold, for Capital Gains tax planning purposes, 320,000 shares in the Company at a price of 1.2 pence each.

The shares were acquired by two of the Company's non-executive Directors, Michael Somerset-Leeke and Paul Johnson who each purchased 160,000 shares in the Company.

The above named Directors now have the following holdings:

 
 Name                           Holding             Holding           % holding 
                                 before    post transaction    Post transaction 
                            transaction 
------------------------  -------------  ------------------  ------------------ 
 Kieran Harrington              328,392               8,392                   0 
------------------------  -------------  ------------------  ------------------ 
 Michael Somerset-Leeke      50,911,102          51,071,102               14.87 
------------------------  -------------  ------------------  ------------------ 
 Paul Johnson*               19,384,565          19,544,565                5.69 
------------------------  -------------  ------------------  ------------------ 
 

* together with his wife

For further information on the Company please visit www.papuamining.com or contact the following:

 
 Papua Mining plc 
 David Price, Chief Executive         david@papuamining.com 
  Officer 
 
 Cenkos Securities plc - Nominated 
  Adviser and Broker 
 Derrick Lee / Beth McKiernan         +44 131 220 6939 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------------------------------- 
 a)   Name                                                 Michael Somerset-Leeke 
---  ---------------------------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------------------------------- 
 a)   Position/status                                      Director of the Company 
---  ---------------------------------------------------  --------------------------------------- 
 b)   Initial notification/amendment                       Initial notification 
---  ---------------------------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------------------------------------- 
 a)   Name                                                 Papua Mining plc 
---  ---------------------------------------------------  --------------------------------------- 
 b)   LEI 
                                                            213800THSZQSFKTXOI24 
---  ---------------------------------------------------  --------------------------------------- 
 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                                       Ordinary shares of GBP0.001 
       the Financial                                        each 
       instrument, type 
       of instrument 
---  ---------------------------------------------------  --------------------------------------- 
      Identification                                       GB00B42TN250 
       code 
---  ---------------------------------------------------  --------------------------------------- 
 b)   Nature of the                                        Purchase of ordinary shares 
       Transaction 
---  ---------------------------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)                               160,000 ordinary shares at 1.2 
                                                            pence each 
---  ---------------------------------------------------  --------------------------------------- 
 d)   Aggregated information                               n/a 
       Aggregated volume 
       Price 
---  ---------------------------------------------------  --------------------------------------- 
 e)   Date of the transaction                              23 November 2017 
---  ---------------------------------------------------  --------------------------------------- 
 f)   Place of the transaction                             London Stock Exchange, AIM (LON:NGR) 
---  ---------------------------------------------------  --------------------------------------- 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------------------------------- 
 a)   Name                                                 Kieran Harrington 
---  ---------------------------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------------------------------- 
 a)   Position/status                                      Director of the Company 
---  ---------------------------------------------------  --------------------------------------- 
 b)   Initial notification/amendment                       Initial notification 
---  ---------------------------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------------------------------------- 
 a)   Name                                                 Papua Mining plc 
---  ---------------------------------------------------  --------------------------------------- 
 b)   LEI                                                  213800THSZQSFKTXOI24 
---  ---------------------------------------------------  --------------------------------------- 
 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                                       Ordinary shares of GBP0.001 
       the Financial                                        each 
       instrument, type 
       of instrument 
---  ---------------------------------------------------  --------------------------------------- 
      Identification                                       GB00B42TN250 
       code 
---  ---------------------------------------------------  --------------------------------------- 
 b)   Nature of the                                        Sale of ordinary shares 
       Transaction 
---  ---------------------------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)                               320,000 ordinary shares at 1.2 
                                                            pence each 
---  ---------------------------------------------------  --------------------------------------- 
 d)   Aggregated information                               n/a 
       Aggregated volume 
       Price 
---  ---------------------------------------------------  --------------------------------------- 
 e)   Date of the transaction                              23 November 2017 
---  ---------------------------------------------------  --------------------------------------- 
 f)   Place of the transaction                             London Stock Exchange, AIM (LON:NGR) 
---  ---------------------------------------------------  --------------------------------------- 
 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------------- 
 a)   Name                             Paul Johnson 
---  -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
---  ---------------------------------------------------------------------- 
 a)   Position/status                  Director of the Company 
---  -------------------------------  ------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------------- 
 a)   Name                             Papua Mining plc 
---  -------------------------------  ------------------------------------- 
 b)   LEI                              213800THSZQSFKTXOI24 
---  -------------------------------  ------------------------------------- 
 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                   Ordinary shares of GBP0.001 each 
       the Financial 
       instrument, type 
       of instrument 
---  -------------------------------  ------------------------------------- 
      Identification                   GB00B42TN250 
       code 
---  -------------------------------  ------------------------------------- 
 b)   Nature of the                    Purchase of ordinary shares 
       Transaction 
---  -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)           160,000 ordinary shares at 1.2 
                                        pence each 
---  -------------------------------  ------------------------------------- 
 d)   Aggregated information           n/a 
       Aggregated volume 
       Price 
---  -------------------------------  ------------------------------------- 
 e)   Date of the transaction          23 November 2017 
---  -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:NGR) 
---  -------------------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 24, 2017 07:45 ET (12:45 GMT)

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