Shanta Gold Limited Director/PDMR Shareholding (5751S)
October 03 2017 - 8:00AM
UK Regulatory
TIDMSHG
RNS Number : 5751S
Shanta Gold Limited
03 October 2017
3 October 2017
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
Director/PDMR Shareholding
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
developer and explorer, announces that further to the announcement
made on 3 August 2017 regarding the retirement of Toby Bradbury as
Chief Executive Officer, the Company has agreed that Mr Bradbury's
Performance Share and Retention Share awards vested on 2 October
2017 resulting in the issuance of 1,553,262 ordinary shares under
the Shanta Gold Limited Long Term Incentive Plan.
The Company also announces that, pursuant to the salary/fee
sacrifice arrangements entered into on 20 June 2017 under which
those directors committed to subscribe for ordinary shares on a
quarterly basis for a period of 12 months, Anthony Durrant
(Chairman) and Ketan Patel (Non-Executive Director), Luke Leslie
(Interim Chief Financial Officer) and Keith Marshall (Non-Executive
Director), have each subscribed on 2 October 2017 for ordinary
shares in the Company by way of fee sacrifice at a price of 6 pence
per share. In aggregate, this will result in the issuance of
1,049,040 ordinary shares in Company (the "Fee Sacrifice
Shares").
Application will be made to London Stock Exchange plc ("LSE")
for the 1,049,040 Fee Sacrifice Shares to be admitted to trading on
AIM ("Admission"). Admission is expected to occur and dealings in
the Fee Sacrifice Shares are expected to commence on the LSE at
8.00 a.m. on or around 9 October 2017.
From Admission, the Company's issued ordinary share capital will
comprise 768,560,811 ordinary shares. No ordinary shares are held
in treasury. The figure of 768,560,811 may be used by the Company's
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Notification of transaction by Person Discharging Managerial
Responsibilities ("PDMR')
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a. Name Toby Bradbury
---- ------------------------------- ---------------------------------
2. Reason for the notification
---- ------------------------------------------------------------------
a. Position/status PDMR
---- ------------------------------- ---------------------------------
b. Initial notification Initial Notification
/Amendment
---- ------------------------------- ---------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a. Name Shanta Gold Limited
---- ------------------------------- ---------------------------------
b. LEI 2138004VR5BVV1VD7P81
---- ------------------------------- ---------------------------------
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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
---- ------------------------------- ---------------------------------
b. Nature of Issue of Performance Share and
the transaction Retention Share awards
---- ------------------------------- ---------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 1,553,262
---- ------------------------------- -------------- -----------------
Aggregated
information
* Aggregated volume
d. * Price 1,553,262
---- ------------------------------- ---------------------------------
e. Date of the 2 October 2017
transaction
---- ------------------------------- ---------------------------------
f. Place of the London Stock Exchange
transaction
---- ------------------------------- ---------------------------------
5. Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------------------
a. Name Anthony Durrant
---- -------------------------------- ------------------------------------------
6. Reason for the notification
---- ----------------------------------------------------------------------------
a. Position/status PDMR
---- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
---- -------------------------------- ------------------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
---- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
---- -------------------------------- ------------------------------------------
8. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
---- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
---- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 429,849
---- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 429,849
---- -------------------------------- ------------------------------------------
e. Date of the 2 October 2017
transaction
---- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
---- -------------------------------- ------------------------------------------
9. Details of the person discharging managerial
responsibilities / person closely associated
----- ----------------------------------------------------------------------------
a. Name Luke Leslie
----- -------------------------------- ------------------------------------------
10. Reason for the notification
----- ----------------------------------------------------------------------------
a. Position/status PDMR
----- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
----- -------------------------------- ------------------------------------------
11. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
----- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
----- -------------------------------- ------------------------------------------
12. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
----- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
----- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 173,422
----- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 173,422
----- -------------------------------- ------------------------------------------
e. Date of the 2 October 2017
transaction
----- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
----- -------------------------------- ------------------------------------------
13. Details of the person discharging managerial
responsibilities / person closely associated
----- ----------------------------------------------------------------------------
a. Name Ketan Patel
----- -------------------------------- ------------------------------------------
14. Reason for the notification
----- ----------------------------------------------------------------------------
a. Position/status PDMR
----- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
----- -------------------------------- ------------------------------------------
15. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
----- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
----- -------------------------------- ------------------------------------------
16. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
----- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
----- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 222,885
----- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 222,885
----- -------------------------------- ------------------------------------------
e. Date of the 2 October 2017
transaction
----- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
----- -------------------------------- ------------------------------------------
17. Details of the person discharging managerial
responsibilities / person closely associated
----- ----------------------------------------------------------------------------
a. Name Keith Marshall
----- -------------------------------- ------------------------------------------
18. Reason for the notification
----- ----------------------------------------------------------------------------
a. Position/status PDMR
----- -------------------------------- ------------------------------------------
b. Initial notification Initial Notification
/Amendment
----- -------------------------------- ------------------------------------------
19. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ----------------------------------------------------------------------------
a. Name Shanta Gold Limited
----- -------------------------------- ------------------------------------------
b. LEI 2138004VR5BVV1VD7P81
----- -------------------------------- ------------------------------------------
20. 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 Ordinary shares of 0.01 pence
of the each
Financial
instrument, GB00BOC6R828
type of instrument
Identification
code
----- -------------------------------- ------------------------------------------
b. Nature of Subscription for new ordinary
the transaction shares as part of salary/fee sacrifice
arrangement announced to the market
on 20 June 2017
----- -------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
GBP0.06 222,885
----- -------------------------------- ------------------- ---------------------
Aggregated
information
* Aggregated volume
d. * Price 222,885
----- -------------------------------- ------------------------------------------
e. Date of the 2 October 2017
transaction
----- -------------------------------- ------------------------------------------
f. Place of the London Stock Exchange
transaction
----- -------------------------------- ------------------------------------------
This announcement is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
Enquiries:
Shanta Gold Limited
+255 (0) 22 292
Eric Zurrin (CEO) 5148
Luke Leslie (CFO)
Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister +44 (0)20 7418
/ Chris Burrows 8900
Financial Public Relations
Tavistock
Jos Simson / Emily Fenton / +44 (0)20 7920
Barnaby Hayward 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer
and explorer. It currently has defined ore resources on the New
Luika and Singida projects in Tanzania and holds exploration
licences over a number of additional properties in the country.
Shanta's flagship New Luika Gold Mine commenced production in 2012
and produced 87,714 ounces in 2016. The Company has been admitted
to trading on London's AIM and has approximately 768 million shares
in issue. For further information please visit:
www.shantagold.com.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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