Director/PDMR Shareholding
Updated : 14:10
25 February 2020
AIM: AAU
Director/PDMR Shareholdings
Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that it was informed today of the following transactions:
- Michael de Villiers, Chairman, sold 200,000 ordinary shares in the Company ("Ordinary Shares") in his SIPP at 3.141 pence per share;
- and at the same time Mr de Villiers purchased 200,000 Ordinary Shares at 3.269 pence per share.
Accordingly the holding of Mr de Villiers remains at 54,845,000 Ordinary Shares in the Company, representing a holding of 5.17%.
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Michael de Villiers
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Michael de Villiers
| ||||||||
2 | Reason for notification | |||||||||
a) | Position / status | Chairman
| ||||||||
b) | Initial notification /Amendment | Initial | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Ariana Resources plc
| ||||||||
b) | LEI | 213800LVVY7GZY21LH22 | ||||||||
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 0.1 pence each in Ariana Resources plc
ISIN GB00B085SD50
| ||||||||
Nature of the transaction | Sale and purchase of ordinary shares | |||||||||
c) | Price(s) and volumes(s) |
| ||||||||
d) | Aggregated information | n/a | ||||||||
e) | Date of the transaction | 25 February 2020 | ||||||||
f) | Place of the transaction | LSE, AIM (XLON) and XOFF |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Contacts:
Ariana Resources plc | Tel: +44 (0) 20 7407 3616 |
Michael de Villiers, Chairman | |
Kerim Sener, Managing Director | |
Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
Roland Cornish / Felicity Geidt | |
Panmure Gordon (UK) Limited | Tel: +44 (0) 20 7886 2500 |
Atholl Tweedie / James Stearns | |
Yellow Jersey PR Limited | Tel: +44 (0) 20 3004 9512 |
Dom Barretto / Joe Burgess / Henry Wilkinson |
Editors' Note
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development company operating in Europe. It has interests in gold production in Turkey and copper-gold assets in Cyprus. The Company is developing a portfolio of prospective licences in Turkey, which contain a total of 1.6 million ounces of gold and other metals (as at end-2017).
The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co. Both assets are located in western Turkey, which hosts some of the largest operating gold mines in the country and remains highly prospective for new porphyry and epithermal deposits. The Kiziltepe Sector of the Red Rabbit Project is fully permitted and is currently in production. The total resource inventory at the Project and its wider area is c. 605,000 ounces of gold equivalent (as at end-2017). At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.
The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation on the Salinbas Gold Project.
Ariana is also earning-in to 50% of UK-registered Venus Minerals Ltd ("Venus"). Venus is focused on the exploration and development of copper-gold assets in Cyprus.
Panmure Gordon (UK) Limited are broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.