REG - Landore Resources Ld - Director/PDMR Shareholding

Landore ResourcesAnnouncement

25/07/2022 17:15

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RNS Number : 6713T  Landore Resources Limited  25 July 2022

25 July 2022

Landore Resources Limited

("Landore Resources" or the "Company")

Exercise of Options, PDMR Dealing, Issue of Equity and Total Voting Rights

Landore Resources Limited (AIM: LND) announces it was notified on 25 July 2022
that William Humphries, Chief Executive Officer, exercised options in respect
of 300,000 ordinary shares of no par value at an exercise price of 16.1 pence
each ("Share Options"), for which funds of £48,300 have been received by the
Company.

Following the exercise of the Share Options, William Humphries has an interest
in 5,916,041 ordinary shares, representing 5.13 per cent. of the enlarged
issued share capital of the Company, and has 3,450,000 share options
outstanding.

Issue of Equity and Admission

Application will be made for the admission of the new ordinary shares pursuant
to the exercise of the Share Options (the "New Ordinary Shares") to trading on
AIM ("Admission"). The New Ordinary Shares will rank pari passu with the
existing Ordinary Shares and it is expected that Admission will become
effective on or around 8.00 a.m. on 29 July 2022.

Following Admission, the Company's issued share capital will consist of
115,346,391 Ordinary Shares with voting rights. Landore Resources does not
hold any Ordinary Shares in treasury. This figure of 115,346,391 may be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they require to notify their interest in, or a
change to their interest in, the share capital of the Company under the UK
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For more information, please contact:

 Landore Resources Limited
 Bill Humphries, Chief Executive Officer           Tel: 07734 681262
 Glenn Featherby, Finance Director                 Tel: 07730 420318

 Cenkos Securities (Nominated Advisor and Broker)
 Derrick Lee / Peter Lynch                         Tel: 0131 220 9100

 

             1.                        Details of the person discharging managerial responsibilities/person closely
                                       associated
 a)                                    Name:                                                         William Humphries

             2.                        Reason for the notification
 a)                                    Position/status:                                              Chief Executive Officer

 b)                                    Initial notification/Amendment:                               Initial Notification

             3.                        Details of the issuer, emission allowance market participant, auction
                                       platform, auctioneer or auction monitor
 a)                                    Name:                                                         Landore Resources Limited

 b)                                    LEI:                                                          21380019CJ5T1PNY3Q69

             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 no par value each

                                       Identification code:

                                                                                                     GG00BMX4VR69

 b)                                    Nature of the transaction:                                    Exercise of Share Options

 c)                                    Price(s) and volume(s):                                       Price                       Volume
                                       16.1p                                                                                     300,000

 d)                                    Aggregated information:                                       The exercise of options over Ordinary Shares

                                       Aggregated volume:                                            300,000

                                       Price:                                                        16.1p

 e)                                    Date of the transaction:                                      25 July 2022

 f)                                    Place of the transaction:                                     London Stock Exchange, AIM (LON:GTC)

 

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