REG - Alien Metals Limited - Director Dealings, Issue of Equity & TVR

Alien MetalsAnnouncement

08/07/2024 07:00

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RNS Number : 4659V  Alien Metals Limited  08 July 2024

 

 

8 July 2024

Trading Symbols

AIM: UFO

FWB: I3A1

 

Alien Metals Ltd

Director Dealings, Issue of Equity & TVR

 

Alien Metals Ltd ("Alien" or "the Company") (AIM: UFO), a minerals
exploration and development company, advises that on 1 July 2024, Independent
Non-Executive Director, Ms Elizabeth Henson, and related family were issued a
total of 6,000,000 new common shares of no par value each in the Company
("Common Shares") at a price of 0.20 pence per share, via Ixia Advisors
Limited, in lieu of a cash settlement of Director fees ("Director Fee
Settlement") (the "Director Fee Shares"). Ms Henson and her family now hold
14,455,722 in the Company, representing 0.21% of the Company's issued share
capital as enlarged by the Director Fee Settlement.

 

Related Party Transaction

Ms Elizabeth Henson is a director of the Company, and the issue of Director
Fee Shares is therefore deemed to be a related party transaction pursuant to
Rule 13 of the AIM Rules for Companies. The directors independent of the
transaction, being Mr Guy Robertson and Mr Robert Mosig, consider, having
consulted with Strand Hanson Limited in its capacity as the Company's
nominated adviser, that the terms of the issue of the Director Fee Shares are
fair and reasonable insofar as the shareholders of Alien Metals are concerned.

 

Admission to trading on AIM and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the Director Fee Shares, which is expected to take effect
and dealings commence at 8.00 a.m. (BST) on or around 11 July 2024
("Admission").

 

The Shares will be issued fully paid and will rank pari passu in all respects
with the Company's existing Common Shares.

 

The number of Common Shares in issue, and the total voting rights in the
Company, on Admission, will be 6,964,460,841. This figure may be used by
shareholders as the denominator for the calculations by which they determine
whether they are required to notify their interest in, or a change of their
interest in, the Company under the provisions of the Company's constitution.

 
For further information please visit the Company's website at
www.alienmetals.uk (http://www.alienmetals.uk/)
 or contact:

 

Alien Metals Limited

Guy Roberston

 

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Robert Collins

Tel: +44 (0) 207 409 3494

 

WH Ireland Ltd

Harry Ansell / Katy Mitchell

Tel +44 (0) 207 220 1666

 

CMC Markets (Joint Broker)

Douglas Crippen

Tel: +44 (0) 203 003 8632

Yellow Jersey PR (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay

Tel: +44 (0) 20 3004 9512

alienmetals@yellowjerseypr.com (mailto:alienmetals@yellowjerseypr.com)

 

Notes to Editors:

 

Alien Metals Ltd is a mining exploration and development company listed on the
AIM market of the London Stock Exchange (AIM: UFO). The Company's focus is on
delivering a profitable direct shipping iron ore operation from its 90%
Hancock iron ore project in the central Pilbara region of Western Australia.
The Hancock tenements currently contain a JORC-compliant resource of 8.4Mt
iron ore @ 60% Fe and offers significant exploration upside which is targeted
to deliver a mining operation of 2Mtpa for 10 years.

 

These Hancock Project tenements have direct access to the Great Northern
Highway, which provides an essential export route to export facilities at Port
Hedland, from where more than 500Mt of iron ore is exported annually (30% of
global production). The Company also has an interest in two iron ore
exploration projects Brockman and Vivash, located in the West Pilbara.

 

The Company owns the Elizabeth Hill Silver Project, located near Karratha in
the Pilbara, which consists of the Elizabeth Hill Mining Lease and exploration
tenements surrounding the historical silver mine which has produced some of
Australia's highest-grade silver ore during the late 1990's. The Company also
owns one of Australia's largest PGM deposits, Munni Munni which hosts a
deposit containing a historic resource of 2.2Moz PGM (Palladium, Platinum,
Gold, and Rhodium).

 

PDMR Notification

 

 1   Details of the person discharging managerial responsibilities
 a)  Name                                                          Elizabeth Henson
 2   Reason for the notification
 a)  Position/status                                               Independent Non-Executive Director
 b)  Initial notification                                           Initial notification

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                          Alien Metals Limited
 b)  LEI                                                           213800KS2BKR6QBRHE44
 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    Common Shares of Alien Metals Limited ISIN VGG017351021
 b)  Nature of the transaction                                     Issue of Shares
 c)  Price(s) and volume(s)                                        Ixia Advisors Limited

                                                                   (Wholly owned by Elizabeth Henson and related family)
                                                                   Price(s) pounds                                         Volume(s)
                                                                   0.0020                                                  6,000,000

 d)  Aggregated information

     -  Aggregated volume

     -  Price                   N/A

                                N/A
 e)  Date of the transaction  1 July 2024
 f)  Place of the transac2on  London Stock Exchange, AIM (XLON)

47,722

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