REG - Danakali Limited - Notification of PDMR transaction

DanakaliAnnouncement

25/06/2021 09:35

RNS Number : 1502D
  
Danakali Limited
  
25 June 2021
  
 




Announcement


Friday, 25 June 2021



 
Notification of PDMR transaction
 
Danakali Limited (ASX: DNK / LSE: DNK) (Danakali, or the Company) refers to its proposed issue of securities announcement dated 25 June 2021 regarding the issue of Executive Chairman Options (subject to receipt of shareholder approval).
 
The Company has received notification from persons discharging managerial responsibilities (PDMR) with respect to the conditional application for 2,000,000 unlisted options (conditional on receipt of shareholder approval) (being the Executive Chairman Options).
 
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated




a) 
 


Name 


Seamus Ian Cornelius




2 
 


Reason for the notification 




a) 
 


Position/status 
 


PDMR (Executive Chairman)




b) 
 


Initial notification /Amendment 


Initial notification




3 
 


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




a) 
 


Name 


Danakali Limited




b) 
 


LEI 


5493004SQ5E5Q6VRT472 
 




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 


Unlisted options with an exercise price of 143% of the closing Share price on the date that Shareholder approval is obtained, expiring 4 years from the date of Shareholder approval.
 














Identification code 


AU000000DNK9














b) 
 


Nature of the transaction 
 


Conditional application for unlisted options, the issue of which is conditional on receipt of shareholder approval
 




c) 
 


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


2,000,000



 




d)


Aggregated information 
-      Aggregated volume
-      Price
-      Total


 
N/A




e) 
 


Date of the transaction 
 


25 June 2021




f) 
 


Place of the transaction 
 


Outside a trading venue



 
 
For more information, please contact:
 



Danakali








Seamus Cornelius
Executive Chairman
+61 8 6266 8368


Mark Riseley
Head of Corporate Development
+61 8 6266 8368



 
Visit the Company's website: www.danakali.com
Follow Danakali on LinkedIn: www.linkedin.com/company/danakali-limited
Subscribe to Danakali on YouTube: www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw
 
 
Announcement authorised for release by the Company Secretary of Danakali.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHEAPKSAANFEEA