REG - Capital Metals PLC - Director/PDMR Shareholding

Capital MetalsAnnouncement

05/07/2024 15:30

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RNS Number : 3758V  Capital Metals PLC  05 July 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

5 July 2024

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Director / PDMR Shareholding

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine
development stage at the high-grade Eastern Minerals Project in Sri Lanka (the
"Project"), announces that James Leahy, Non-Executive Director, purchased
350,000 ordinary shares of 0.2 pence each ("Ordinary Shares") in the Company
on 5 July 2024.

 

Following this purchase, Mr Leahy holds 2,350,000 Ordinary Shares representing
0.68% of the Company's issued share capital.

 

For further information, please visit www.capitalmetals.com
(http://www.capitalmetals.com) or contact:

 

 Capital Metals plc                           Via Vigo Consulting

 Greg Martyr (Executive Chairman)
 Vigo Consulting (Investor Relations)         +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                     capitalmetals@vigoconsulting.com (mailto:capitalmetals@vigoconsulting.com)
 SPARK Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / James Keeshan
 Tavira Financial                             +44 (0)20 7100 5100

 Jonathan Evans / Oliver Stansfield

 

About Capital Metals

 

Capital Metals is a UK company listed on the London Stock Exchange (AIM:
CMET). We are developing the Eastern Minerals Project in Sri Lanka,
approximately 220km east of Colombo, containing industrial minerals including
ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade
mineral sands projects globally, with potential for further grade and resource
expansion. In 2022, a third-party Preliminary Economic Assessment provided a
Project NPV of US$155-235m based on existing resources, with further
identified optimisation potential. We are committed to applying modern mining
practices and bringing significant positive benefits to Sri Lanka and the
local community. We expect over 300 direct new jobs to be created and over
US$130m in direct government royalties and taxes to be paid.

 

Appendix - 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                                                         James Leahy
 2.  Reason for notification
 a)  Position/Status                                              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                                                         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 0.2 pence per share par value

Identification Code

                                                                  ISIN: GB00BMF75608
 b)  Nature of the transaction                                    Acquisition of ordinary shares
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                 1.78p     350,000

 d)  Aggregated information                                       Single transaction as in 4 c) above

Price(s)  Volume(s)
     - Aggregated Volume                                          1.78p     350,000

     - Price
 e)  Date of the transaction                                      5 July 2024
 f)  Place of the transaction                                     On market

d)

Aggregated information

 

- Aggregated Volume

 

- Price

Single transaction as in 4 c) above

 

 Price(s)  Volume(s)
 1.78p     350,000

e)

Date of the transaction

5 July 2024

f)

Place of the transaction

On market

 

 

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