REG - Shanta Gold Limited - Director Dealing and Issue of Equity

Shanta GoldAnnouncement

07/02/2023 10:30

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RNS Number : 1755P  Shanta Gold Limited  07 February 2023

7 February 2023

Shanta Gold Limited

 

("Shanta Gold", "Shanta" or the "Company")

 

Director Dealing and Issue of Equity

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and
explorer, announces 2022 performance pay in shares for Senior Management: Eric
Zurrin (Chief Executive Officer) and Luke Leslie (Chief Financial Officer).
Performance pay in shares is based on prescribed KPIs set out at the beginning
of 2022 and the number of shares awarded is calculated based on an average
share price over the calendar year 2022. Each have been issued with ordinary
shares of 0.01p each in the Company ("Ordinary Shares"). In aggregate, this
will result in the issuance of 3,209,026 Ordinary Shares.  Details of the
individual awards specifically relating to the Executive Directors of Shanta
Gold Limited that are classified as PDMRs are set out below.

Application has been made to London Stock Exchange plc ("LSE") for those
3,209,026 Ordinary Shares to be admitted to trading on AIM ("Admission").
Admission is expected to occur and dealings in the new Ordinary Shares are
expected to commence on the LSE at 8.00 a.m. on or around 10 February 2023.

From Admission, the Company's issued ordinary share capital will comprise
1,051,467,684 ordinary shares with voting rights. No ordinary shares are held
in treasury. The figure of 1,051,467,684 may be used by the Company's
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

This announcement is made in accordance with Article 19 of the EU Market Abuse
Regulation 596/2014.

Enquiries:

 

 Shanta Gold Limited
 Eric Zurrin (CEO)                                             +255 (0) 22 292 5148
 Luke Leslie (CFO)

 Nominated Adviser and Joint Broker
 Liberum Capital Limited
 Scott Mathieson / Ed Thomas / Nikhil Varghese / Lucas Bamber  +44 (0)20 3100 2000

 Joint Broker
 Tamesis Partners LLP
 Charlie Bendon / Richard Greenfield                           +44 (0) 20 3882 2868

 Public Relations
 FTI Consulting                                                +44 (0) 20 3727 1426

Sara Powell / Nick Hennis

 

Notification of transaction by Person Discharging Managerial Responsibilities
("PDMR')

 

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                       Eric Zurrin
 2.                    Reason for the notification
 a.                    Position/status                            Chief Executive Officer
 b.                    Initial notification                       Initial Notification

                       /Amendment
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                       Shanta Gold Limited
 b.                    LEI                                        2138004VR5BVV1VD7P81
 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                         Ordinary shares of 0.01 pence each

                       Financial instrument, type of instrument   GB00BOC6R828

                       Identification code
 b.                    Nature of the transaction                  Issuance of new ordinary shares as part of salary sacrifice and performance
                                                                  payment
 c.                    Price(s) and volume(s)                     Price(s)                                Volume(s)

                                                                  Nil cost                                1,885,770
 d.                    Aggregated information

                       ·    Aggregated volume

                       ·    Price                                 1,885,770

                                                                  Nil cost
 e.                    Date of the transaction                    6 February 2023
 f.                    Place of the transaction                   Off Market

 

 

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                       Luke Leslie
 2.                    Reason for the notification
 a.                    Position/status                            Chief Financial Officer
 b.                    Initial notification                       Initial Notification

                       /Amendment
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                       Shanta Gold Limited
 b.                    LEI                                        2138004VR5BVV1VD7P81
 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                         Ordinary shares of 0.01 pence each

                       Financial instrument, type of instrument   GB00BOC6R828

                       Identification code
 b.                    Nature of the transaction                  Issuance of new ordinary shares as part of salary sacrifice and performance
                                                                  payment
 c.                    Price(s) and volume(s)                     Price(s)                                Volume(s)

                                                                  Nil cost                                1,323,256
 d.                    Aggregated information

                       ·    Aggregated volume

                       ·    Price                                 1,323,256

                                                                  Nil cost
 e.                    Date of the transaction                    6 February 2023
 f.                    Place of the transaction                   Off market

 

 

About Shanta Gold

Shanta Gold is an East Africa-focused responsible gold producer, developer,
and explorer. The company has an established operational track record, with
defined ore resources on the New Luika and Singida projects in Tanzania, with
reserves of 645 koz grading 3.0 g/t, and exploration licences covering
approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta
also owns the high-grade West Kenya Project in Kenya and licences with
resources of 1.7 million ounces including 722 Koz in the Indicated category
grading 11.45 g/t. With a healthy balance sheet, a growing diversified
portfolio and a maiden dividend paid in 2021, Shanta offers a resilient
investment opportunity for the near and long-term. Shanta is quoted on
London's AIM market (AIM: SHG) and has approximately 1,048 million shares in
issue.

 

ENDS

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