REG - Shanta Gold Limited - Director/PDMR Shareholding

Shanta GoldAnnouncement

19/03/2021 16:15

RNS Number : 9208S
  
Shanta Gold Limited
  
19 March 2021
  
 

19 March 2021
 
Shanta Gold Limited
("Shanta Gold" or the "Company")
 
Director/PDMR Shareholding
 
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that Eric Zurrin (CEO) and Luke Leslie (CFO) have informed the Company that they have sold 4,868,688 ordinary shares of 0.01p each ("Ordinary Shares") in aggregate over the last few days.
 
Eric Zurrin has sold a total of 2,045,688 Ordinary Shares (equivalent to 15% of holding) at an average price of 13.3 pence per Ordinary Share and Luke Leslie has sold 2,823,000 Ordinary Shares (equivalent to 27% of holding) at an average price of 13.2 pence per Ordinary Share. 
 
Following the sale of these shares Eric and Luke remain interested in a total of 11,869,086 Ordinary Shares representing 1.1% of the Company's issued share capital and 7,604,396 Ordinary Shares representing 0.7% per cent. of the Company's issued share capital, respectively.  
 
A significant proportion of executive compensation continues to be paid in shares and this is the first sale of shares in four years during the CEO and CFO's tenure as Company Executives. 
 
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
 
Enquiries:
 



Shanta Gold Limited 


 




Eric Zurrin (CEO)


 +44 (0) 14 8173 2153 




Luke Leslie (CFO)


 




 


 




Nominated Adviser and Joint Broker


 




Liberum Capital Limited


 




Scott Mathieson / Ed Thomas / Louis Davies / Nikhil Varghese


 +44 (0) 20 3100 2000




 


 




Joint Broker


 




Tamesis Partners LLP


 




Charlie Bendon / Richard Greenfield


 +44 (0) 20 3882 2868




 


 




Public Relations


 




FTI Consulting


 




Sara Powell


 +44 (0) 20 3727 1000



 
 
 
 
 
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
/Amendment


Initial Notification




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
Financial instrument, type of instrument
Identification code


Ordinary shares of 0.01 pence each

GB00BOC6R828
 




b.            


Nature of the transaction


Sale of shares




c.            


Price(s) and volume(s)


Price(s)
£0.135
£0.14
£0.1355
£0.1335
£0.13


Volume(s)
680,000
220,000
100,000
25,410
1,020,278




d.            


Aggregated information
·    Aggregated volume
·    Price


 
 
2,045,688
£0.133




e.            


Date of the transaction


16-19 March 2021




f.            


Place of the transaction


London Stock Exchange



 
 
 



1.


Details of the person discharging managerial responsibilities / person closely associated




g.         


Name


Luke Leslie




5.            


Reason for the notification




a.            


Position/status


Chief Financial Officer




b.            


Initial notification
/Amendment


Initial Notification




6.            


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




a.            


Name


Shanta Gold Limited




b.            


LEI


2138004VR5BVV1VD7P81




7.            


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
Identification code


Ordinary shares of 0.01 pence each

GB00BOC6R828
 




b.            


Nature of the transaction


Sale of shares




c.            


Price(s) and volume(s)


Price(s)
£0.129 
£0.130
£0.131 
£0.135 
£0.141


Volume(s)
850,000
440,000
440,000
950,000
143,000
 




d.            


Aggregated information
·    Aggregated volume
·    Price


 
 
2,823,000
£0.132 




e.            


Date of the transaction


16-19 March 2021




f.            


Place of the transaction


London Stock Exchange



 
 
 
 
 
About Shanta Gold
 
 
Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km2 in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined inferred resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 82,978 ounces in 2020. The Company has been admitted to trading on London's AIM market and has approximately 1,048 million shares in issue. For further information please visit: www.shantagold.com.

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