REG - Arc Minerals Limited - Directors' Dealing

ARC MineralsAnnouncement

14/07/2020 13:30

RNS Number : 9745S
  
Arc Minerals Limited
  
14 July 2020
  
 

14 July 2020
Arc Minerals Ltd 
('Arc' or the 'Company')
Directors' Dealing 
Arc Minerals announces that today it was notified that today Mr Rémy Welschinger, Finance Director of the Company, had purchased a total of 1,500,000 shares of no par value in the Company ("Ordinary Shares") at an average price of 3.04 pence per share.
Following this transaction, Rémy Welschinger holds a beneficial interest in 14,528,844 Ordinary Shares representing approximately 1.49 per cent. of the Company's issued share capital. In addition, Mr Welschinger holds a beneficial interest in 23,024,446 options and warrants.
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.
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:


Rémy Welschinger 




2.     


Reason for the notification




a)


Position/status:


Finance Director




b)


Initial notification/Amendment:


Initial notification




3.     


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name:


Arc Minerals Limited




b)


LEI:


213800XHFJVCC9GP2G75




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 no par value   
VGG045791016




b)


Nature of the transaction:


Purchase of shares




c)


Price(s) and volume(s):


 



Price(s)


Volume(s)




(i)       3.30 pence


500,000




(ii)      3.00 pence


250,000




(iii)     2.90 pence


100,000




(iv)     2.89 pence


100,000




(v)      2.93 pence


100,000




(vi)     3.00 pence


100,000




(vii)    2.90 pence


100,000




(viii)   2.78 pence


250,000



 




d)


Aggregated information:
Aggregated volume:
Price:


Single transaction as in 4 c) above



Price(s)


Volume(s)




3.04 pence


1,500,000




 


 



 




e)


Date of the transaction:


2020-07-14
(i)          09:58 BST
(ii)         10:00 BST
(iii)        10:03 BST
(iv)        10:03 BST
(v)         10:03 BST
(vi)        10:04 BST
(vii)       10:05 BST
(viii)      10:11 BST




f)


Place of the transaction:


London Stock Exchange, AIM



 
Contacts



Arc Minerals Ltd
Nick von Schirnding (Chairman)
 


+44 (0) 20 3874 8664




SP Angel (Nominated Adviser & Broker)
Ewan Leggat / Soltan Tagiev


+44 (0) 20 3470 0470
 



 


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