REG - Ariana Resources PLC - Director/PDMR Shareholding

Ariana ResourcesAnnouncement

09/12/2020 12:50

RNS Number : 1040I
  
Ariana Resources PLC
  
09 December 2020
  
 

 
 
 
 
 
 
09 December 2020
AIM: AAU
Director/PDMR Shareholdings
 
Director Increases Shareholding following Exercise of Options
 
Total Voting Rights
 
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 08 December 2020, Dr. Kerim Sener, Managing Director, exercised vested options pursuant to the Ariana Resources PLC 2018 Share Option Plan.  Dr. Sener exercised options over 6,000,000 new ordinary shares in the Company ("Ordinary Shares") at the price of 1.55p per share.  Application will be made for the new Ordinary Shares, which will rank pari passu will all existing Ordinary Shares, to be admitted to trading on AIM on or around 22 December 2020 ("Admission");
 
·    on 08 December 2020, Dr. Sener disposed of a total of 2,500,000 Ordinary Shares at 5.20p per share;
 
·    and, on 07 December 2020, Dr. Sener disposed of a total of 2,500,000 Ordinary Shares at 5.20p per share;
 
Accordingly, Dr. Sener has increased his personal holding by 1,000,000 Ordinary Shares.  Dr. Sener now has interests in 18,985,526 Ordinary Shares in the Company, representing a holding of 1.76% of the enlarged issued share capital after the exercise of options referred to above.
 
Total Voting Rights
 
The Company's issued share capital will, from Admission, consist of 1,075,677,943 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.  Therefore the total number of Ordinary Shares in the Company with voting rights is 1,075,677,943.
 
The above figure of 1,075,677,943 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
 
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
 
 
Ahmet Kerim Sener 
 




1


Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated




a)


Name


Ahmet Kerim Sener




2


Reason for notification




a)


Position / status


Managing Director 
 




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


-     Exercise of options by Dr Sener
-     Sale of ordinary shares by Dr Sener
-     Sale of ordinary shares by Dr Sener
 




c)


Price(s) and volumes(s)


 




Price(s)


Volumes(s)




1.55 pence


6,000,000




5.20 pence


2,500,000




5.20 pence


2,500,000




 
 




d)


Aggregated information


n/a




e)


Date of the transaction


8 December 2020
8 December 2020
7 December 2020
 
 




f)


Place of the transaction


LSX 




  
 
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




John Prior / Hugh Rich / Atholl Tweedie


 




 


 




Yellow Jersey PR Limited


Tel: +44 (0) 7951 402 336




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 depleted total of c. 2.1 million ounces of gold and other metals (as at July 2020).  
 
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 depleted resource inventory at the Project and its wider area is c. 500,000 ounces of gold equivalent (as at April 2020).  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. 1.5 million ounces of gold.  The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within the multi-million ounce Artvin Goldfield.  The "Hot Gold Corridor" contains several significant gold-copper projects including the 4 million ounce 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") and has to date earned into an entitlement to c. 12%.  Venus is focused on the exploration and development of copper-gold assets in Cyprus, which includes the Magellan Project on which a resource of 8.5Mt @ 0.63% Cu (+ Au, Ag, Zn) has been defined.
 
Panmure Gordon (UK) Limited is broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser and Broker. 
 
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
 
 
Ends.
 

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