REG - Scotgold Resources - Director Dealing

Scotgold ResourcesAnnouncement

17/01/2022 10:30

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RNS Number : 6572Y  Scotgold Resources Ltd  17 January 2022

17 January 2022

Scotgold Resources Limited

("Scotgold" or the "Company)

Director Dealing

 

Scotgold Resources Limited (AIM:SGZ), the gold exploration and production
company focused on Scotland, announces that it was notified on 14 January 2022
that Peter Hetherington, Non-Executive Chairman purchased 150,000 depositary
interests of no par value in the Company ("Ordinary Shares") at an aggregate
price of 75.77 pence per share.

Following the above purchases of the Ordinary Shares, Mr Hetherington's
beneficial interest in the issued share capital of the Company is as follows:

 Name & Position                             Ordinary Shares Purchased & Purchase Price      Number of Ordinary Shares held post Transaction  % of Issued Share Capital
 Peter Hetherington, Non-Executive Chairman  150,000                                         2,616,974                                        4.40%

 

 

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)                         Full name of person Dealing                                  1.    Peter Hetherington

 2.                          Reason for notification
 (a)                         Position/status                                              1.    Non-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 of entity                                               Scotgold Resources Limited
 (b)                         LEI                                                          213800HL5A2K7LW2G360
 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

 (b)                         Identification code                                          AU000XINEAK5

 (c)                         Nature of the transaction                                    Purchase of Ordinary Shares

 (d)                         Price(s) and volume(s)                                               Price   Volume
                                                                                          1.      73.44   4500
                                                                                          2.      73.7    5000
                                                                                          3.      73.75   5000
                                                                                          4.      73.75   5000
                                                                                          5.      74.6    7500
                                                                                          6.      74.61   7000
                                                                                          7.      74.85   1500
                                                                                          8.      74.95   3000
                                                                                          9.      74.95   1500
                                                                                          10.     74.95   1500
                                                                                          11.     74.95   5000
                                                                                          12.     74.95   5000
                                                                                          13.     74.999  7500
                                                                                          14.     75      3000
                                                                                          15.     75      5000
                                                                                          16.     75      5000
                                                                                          17.     75      5000
                                                                                          18.     75.9    5000
                                                                                          19.     75.9    7500
                                                                                          20.     76.95   4500
                                                                                          21.     76.95   5000
                                                                                          22.     77      10000
                                                                                          23.     77.2    5500
                                                                                          24.     77.2    5000
                                                                                          25.     77.4    5000
                                                                                          26.     77.5    10000
                                                                                          27.     77.5    7500
                                                                                          28.     77.5    8000

 
 (e)                         Aggregated information:                                      Single transactions as in 4(d) above

                             - Aggregated volume                                          150,000

                             - Price                                                      75.77
 (f)                         Date of transaction                                          14 January 2022

 (g)                         Place of transaction                                         London Stock Exchange, AIM Market (XLON)

 

(e)

Aggregated information:

- Aggregated volume

- Price

Single transactions as in 4(d) above

150,000

75.77

(f)

Date of transaction

 

14 January 2022

(g)

Place of transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.

 

**ENDS**

For further information please contact:

 

 Scotgold Resources Limited  SP Angel  Finance LLP            Celicourt Communications
  Chief Executive Officer     Nomad and Broker                Financial PR

  Philip Day                 Ewan Leggat / Charlie Bouverat   Felicity Winkles/ Ollie Mills
                             Tel +44 (0) 20 3470 0470         Tel +44 (0) 208 434 2643

                                                              Tel +44 (0) 774 8843 871

 Notes

 

Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold
producer. The Company poured first gold in November 2020 at its Cononish Gold
and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a
+23,500-ounce gold mine per annum by end of Q1 2023. Cononish is a high-grade
underground mining operation with a central processing plant producing gold
concentrate for off-take and gold doré for the Scottish Jewellery industry.
Once in full production, the mine has anticipated forecast operating costs of
c.£544/oz AISC, which will place Cononish in the lowest quartile of gold
mining operations globally.

 

It is Scotgold's vision to build a mid-tier gold mining company in Scotland
with multiple operations in the country that enhance the local environment
and economy in ways that have an enduring positive impact.

 

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