TIDMSML
RNS Number : 5633T
Strategic Minerals PLC
06 January 2017
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
6 January 2017
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Director Share Purchase and Grant of Options to Directors and
Management
Director Purchase
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been
informed that Peter Wale, Director of the Company, acquired on 6
January 2017 a total of 2,500,000 ordinary shares in the Company at
a price of 0.48474 pence per share. Following this acquisition, Mr
Wale becomes the Company's largest shareholder with a beneficial
interest in 46,364,000 ordinary shares in the Company, representing
3.8% of the Company's issued share capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail on the
acquisition of shares in the Company by a director.
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: Peter Verdun Wale
--- --------------------------------- -------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position/status: Director
--- --------------------------------- -------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- -------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name: Strategic Minerals
plc
--- --------------------------------- -------------------------
b) LEI:
--- --------------------------------- -------------------------
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: Ordinary shares
of 0.1p each
Identification code:
GB00B4W8PD74
--- --------------------------------- -------------------------
b) Nature of the transaction: Acquisition of
shares
--- --------------------------------- -------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
0.4730
pence 1,000,000
0.4889
pence
1,000,000
0.4999
pence 500,000
---------- ----------
--- --------------------------------- -------------------------
d) Aggregated information: Price(s) Volume(s)
Aggregated volume: ---------- ----------
Price: 0.48474
pence 2,500,000
---------- ----------
--- --------------------------------- -------------------------
e) Date of the transaction: 2017-01-06
08.261hrs UTC
(1,000,000 shares)
08.28hrs UTC (1,000,000
shares)
08.29hrs UTC (500,000
shares)
--- --------------------------------- -------------------------
f) Place of the transaction: London Stock Exchange
(AIM)
--- --------------------------------- -------------------------
Grant of Options
The Board of SML announce that they have granted the following
options in the Company to reflect recent Board appointments and
contributions to operations throughout 2016:
Holder Number Exercise Expiry Vesting Conditions**
Price Date
-------------- ---------- --------- ----------- ---------------------
John Peters 8,000,000 GBP0.01 30/06/2018 GBP0.015
VWAP
-------------- ---------- --------- ----------- ---------------------
John Peters 8,000,000 GBP0.01 30/06/2019 GBP0.030
VWAP
-------------- ---------- --------- ----------- ---------------------
Clovis Hooper 3,000,000 GBP0.01 30/06/2018 GBP0.015
VWAP
-------------- ---------- --------- ----------- ---------------------
Clovis Hooper 3,000,000 GBP0.01 30/06/2019 GBP0.030
VWAP
-------------- ---------- --------- ----------- ---------------------
Alan Broome 3,000,000 GBP0.01 30/06/2018 GBP0.015
VWAP
-------------- ---------- --------- ----------- ---------------------
Alan Broome 3,000,000 GBP0.01 30/06/2019 GBP0.030
VWAP
-------------- ---------- --------- ----------- ---------------------
Peter Wale 2,000,000 GBP0.01 30/06/2018 GBP0.015
VWAP
-------------- ---------- --------- ----------- ---------------------
Peter Wale 2,000,000 GBP0.01 30/06/2019 GBP0.030
VWAP
-------------- ---------- --------- ----------- ---------------------
** VWAP is a volume weighted average price per ordinary share
over five consecutive trading days on AIM
The total number of options and the individual holdings can be
found on the Strategic Minerals website
(www.strategicminerals.net).
Commenting, Strategic Mineral's Managing Director, John Peters,
said:
"The support shown by Peter Wale, our Director and now largest
shareholder, is an encouraging sign of his, and the Board's, faith
in the strategy being enacted. This strategy continues to be
focused on operations being undertaken from existing cash flows and
expected value added exploration (Redmoor and CARE) being managed
by the Company and its joint venture partners.
Options granted continue to be at a significant premium to the
current share price but reflect both Management and the Board's
confidence in the Company's future performance and the need for
shareholders to substantially benefit before rewarding Management
and the Board."
For further information, please contact:
Strategic Minerals
plc
John Peters
Managing Director
www.strategicminerals.net
Follow Strategic Minerals
on:
Twitter: @SML_Minerals +61 (0) 414
LinkedIn: strategic-minerals-plc 727 965
SP Angel Corporate
Finance LLP
Nominated Adviser
and Joint Broker
Ewan Leggat +44 (0)20 3470
Laura Harrison 0470
Optiva Securities
Limited
Joint Broker
Graeme Dickson +44 (0)20 34111880
Yellow Jersey PR
Financial PR
Felicity Winkles +44 (0) 7825
Alistair de Kare-Silver 916 715
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail on the
grant of options detailed above:
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name: 1. John Peters
2. Clovis Hooper
3. Alan Broome
4. Peter Wale
--- --------------------------------- -------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------
a) Position/status: 1. Managing Director
2. President of
US Subsidiary
3. Non-Executive
Chairman
4. 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: Strategic Minerals
plc
--- --------------------------------- -------------------------------
b) LEI:
--- --------------------------------- -------------------------------
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: Ordinary shares
of 0.1p each
Identification code:
GB00B4W8PD74
--- --------------------------------- -------------------------------
b) Nature of the transaction: Grant of options
--- --------------------------------- -------------------------------
c) Price(s) and volume(s): Exercise Volume(s)
Price
--- ---------- -----------
1. GBP0.015 8,000,000
1. GBP0.030 8,000,000
3,000,000
2. GBP0.015 3,000,000
2. GBP0.030
3,000,000
3. GBP0.015 3,000,000
3. GBP0.030
2,000,000
4. GBP0.015 2,000,000
4. GBP0.030
--- ---------- -----------
--- --------------------------------- -------------------------------
d) Aggregated information: Price(s) Volume(s)
Aggregated volume: ---------- -----------
Price: 0.0225
pence 32,000,000
---------- -----------
--- --------------------------------- -------------------------------
e) Date of the transaction: 2017-01-06
07.45hrs UTC
--- --------------------------------- -------------------------------
f) Place of the transaction: Outside of a trading
venue
--- --------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 06, 2017 07:03 ET (12:03 GMT)