REG - Capital Metals PLC - Director/PDMR Shareholding

Capital MetalsAnnouncement

29/06/2022 07:00

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RNS Number : 5992Q  Capital Metals PLC  29 June 2022

29 June 2022

Capital Metals PLC

("Capital Metals" or the "Company")

 

Director Dealings

Capital Metals Plc (AIM: CMET), has been advised of the following Director
Dealings in the ordinary shares of the Company on 28 June 2022.

Michael Frayne, Chief Executive of the Company, transferred 1,213,625 CMET
ordinary shares representing 0.64 per cent of the Company's issued ordinary
share capital, to Limerston Pty Ltd (a company of which Michael Frayne is the
sole director and indirect beneficiary).

 

Chulu Holdings Pty Ltd ATF The Chulu Trust (a trust of which Michael Frayne is
a beneficiary) also transferred 750,000 CMET ordinary shares representing 0.40
per cent of the Company's issued ordinary share capital to Limerston Pty Ltd
(a company of which Michael Frayne is the sole director and indirect
beneficiary).

Following these transfers Michael Frayne's combined interest in the Company
remains unchanged at 13,190,006 shares (representing 6.98% of the Company's
issued ordinary share capital) comprising shares held by:

Chulu Holdings Pty Limited ATF The Chulu Trust
8,093,048

Limerston Pty Ltd
                             1,963,625

Mrs K Frayne
                                 3,000,000

Mr M Frayne
                                 133,333

Total
                                           13,190,006

The Directors of the Company accept responsibility for the contents 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:                                                         Michael Frayne
 2.            Reason for the notification
 a)            Position/status:                                              Chief Executive
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Capital Metals Plc
 b)            LEI:                                                          213800RR4MW1ETEMS859

 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:  Ordinary shares of £0.02

               Identification code:                                          GB00BMF75608
 b)            Nature of the transaction:                                    Transfer of Ordinary Shares from Mr M Frayne (1,213,625 shares) and Chulu
                                                                             Holdings Pty Ltd ATF The Chulu Trust (a trust of which Michael Frayne is a
                                                                             beneficiary) (750,000 shares) to  Limerston Pty Ltd (a company in of which Mr
                                                                             Frayne is the sole director and indirect beneficiary (1,963,625 shares)
 c)            Price(s) and volume(s):                                       Ordinary Shares:

Price(s)  Volume(s)
                                                                             6pence   1,213,625
                                                                             6pence   750,000

 
 d)            Aggregated information:                                       Ordinary Shares:

Price(s)  Volume(s)
               Aggregated volume:                                            6pence   1,963,625

               Price:
 
 e)            Date of the transaction:                                      28 June 2022
 f)            Place of the transaction:                                     Off Market

 

d)

Aggregated information:

Aggregated volume:

Price:

Ordinary Shares:

 Price(s)  Volume(s)
 6 pence   1,963,625

 

e)

Date of the transaction:

28 June 2022

f)

Place of the transaction:

Off Market

 

 

 

 

 

-ENDS-

 

For further information please contact:

 Michael Frayne (CEO) via Vigo Consulting

 Vigo Consulting (Investor Relations)      SPARK Advisory Partners (Nominated Adviser)

 Ben Simons/Oliver Clark                   Neil Baldwin

 +44 (0) 20 7390 0234                      James Keeshan

 capitalmetals@vigoconsulting.com          +44 (0) 207 3368 3554

 

WH Ireland Limited (Joint Broker)
                   Tavira Securities Limited (Joint Broker)

Harry Ansell/Katy Mitchell
                             Jonathan Evans/Oliver Stansfield

+44 (0) 20 7220
1666
+44 (0) 20 7100 5100

 

 

For more information on Capital Metals please visit:
www.capitalmetals.com (http://www.capitalmetals.com)

 
 

 

About Capital Metals plc

Capital Metals is developing the Eastern Minerals Project in the Eastern
Province of Sri Lanka, approximately 220km east of Colombo. The Eastern
Minerals Project is one of the highest-grade mineral sands projects globally,
with a current JORC Resource of 17.2Mt with an average grade of 17.6% Total
Heavy Minerals, and potential for resource extension. Our goal is to become a
high margin producer of mineral sands for the international market, with a
commitment to applying best-in-class mining practices and bringing significant
positive benefits to Sri Lanka and the local community with over 300 direct
new jobs to be created and over US$100m in direct government royalties and
taxes.

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information. Upon the publication of this announcement via
a Regulatory Information Service, this inside information is now considered
to be in the public domain.

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