REG - Ariana Resources PLC - Director/PDMR Shareholding

Ariana ResourcesAnnouncement

06/11/2020 07:00

RNS Number : 4458E
  
Ariana Resources PLC
  
06 November 2020
  
 

 
 
 
 
 
6 November 2020 
AIM: AAU
 
Director/PDMR Shareholdings
 
Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, announces that it has been informed of the following transactions:
 
-     on 5 November 2020, Michael de Villiers, Chairman, disposed of 400,000 ordinary shares in the Company ("Ordinary Shares") at 4.8652 p per share;
 
-     and on the same date, Mrs de Villiers, wife of Mr de Villiers, purchased 403,858 Ordinary Shares in her SIPP at 4.98 p per share.
 
Accordingly the holding of Mr de Villiers now stands at 55,803,000 Ordinary Shares in the Company, representing a holding of 5.22% of the Company's enlarged share capital of 1,069,677,943 Ordinary Shares.
 
 
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)


 
 



Price(s) - sale 


Volumes(s)




4.8625 pence 


400,000




Price(s) - purchase 


Volumes(s)




4.95 pence


403,858



 
 




d)


Aggregated information


n/a




e)


Date of the transaction


5 November 2020




f)


Place of the transaction


LSE, AIM (XLON)  



 
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


arianaresources@yellowjerseypr.com



 
 
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.
 

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