Ferro-Alloy Resources Limited Issue of Equity to Directors (4464R)
30 Giugno 2020 - 8:00AM
UK Regulatory
TIDMFAR
RNS Number : 4464R
Ferro-Alloy Resources Limited
30 June 2020
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
30 June 2020
Ferro-Alloy Resources Limited
("Ferro-Alloy" or the "Company" or the "Group")
Issue of Equity to Directors
Director/PDMR shareholding
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium mining and
processing company with operations based in Southern Kazakhstan
announces that certain non-executive directors to the Company have
undertaken to be issued a total of 764,050 Ordinary Shares of no
par value ('Ordinary Shares') at 8p per share in lieu of fees due
to them for Q4 2019 and the year ended 31 December 2020 in the
amount of US$75,000.
The Company has been informed that the family trust that held
4,193,800 Ordinary shares in Ferro Alloy Resources for the benefit
of the children of Christopher Thomas and his wife, Fleur Thomas
has been dissolved and t he shares have been assigned to Assiduous
Group Ltd. Christopher Thomas is the sole shareholder and director
of Assiduous Group Ltd.
Directors' Shareholdings
The Ordinary Shares have been issued as follows:
Director/PDMR Fees Ordinary Existing Interest Total Shareholding Total shareholding
Shares as % of
Issued Issued
Capital
Christopher
Thomas* US$37,500 3 82,025 4,356,487 4,738,512 1.49%
----------- --------- ------------------ ------------------- -------------------
James Turian** US$37,500 3 82,025 62,687 444,712 0.14%
----------- --------- ------------------ ------------------- -------------------
*4,193,800 Ordinary Shares, comprising part of Christopher
Thomas's shareholding are held by Assiduous Group Ltd. Christopher
Thomas is the sole shareholder and director of Assiduous Group
Ltd.
**James Turian's shareholding is held in his wholly owned
company Panda Holdings Limited.
Application will be made to the FCA and to the London Stock
Exchange for the 764,050 Ordinary Shares, which rank pari passu
with the Company's existing issued ordinary shares, to be admitted
to the standard segment of the Official List of the FCA and to
trading on the London Stock Exchange's Main Market for listed
securities respectively. Dealings are expected to commence from
8.00 a.m. on 3 July 2020 ("Admission").
Following Admission, the Company will have in issue a total of
318,089,052 Ordinary Shares. The Company does not hold any Ordinary
Shares in treasury. Therefore, following Admission, the total
number of voting rights in the Company will be 318,089,052 which
may be used by shareholders or other persons 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 FCA's Disclosure Guidance and Transparency
Rules.
For further information, visit www.ferro-alloy.com or
contact:
Ferro-Alloy Resources Limited
Nick Bridgen, Chief Executive Officer info@ferro-alloy.com
Shore Capital (Broker)
Corporate Advisory: Toby Gibbs / Mark Percy / John More Tel: +44 (0)207 408 4090
Corporate Broking: Jerry Keen
VSA Capital (Financial Adviser) Tel: +44 (0)203 005 5000
Andrew Monk / Simon Barton
St Brides Partners Limited (Financial PR & IR Adviser)
Catherine Leftley / Priit Piip Tel: +44 (0)207 236 1177
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Christopher Thomas
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Non-Executive Director
------------------------------------ ---------------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------ ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Ferro-Alloy Resources Ltd
------------------------------------ ---------------------------------
b) LEI:
213800WAVVOPS85N2205
------------------------------------ ---------------------------------
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 NPV
financial instrument,
type of instrument:
Identification code: ISIN: GG00BGDYDZ69
------------------------------------ ---------------------------------
b) Nature of the transaction: Shares Issued in Lieu of Fees
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8p 382,025
----------
------------------------------------ ---------------------------------
d) Aggregated information:
Aggregated volume: n/a
Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 30 June 2020
------------------------------------ ---------------------------------
f) Place of the transaction: London Stock Exchange
------------------------------------ ---------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
-----------------------------------------------------------------------
a) Name: James Turian
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Non-Executive Director
------------------------------------ ---------------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------ ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Ferro-Alloy Resources Ltd
------------------------------------ ---------------------------------
b) LEI:
213800WAVVOPS85N2205
------------------------------------ ---------------------------------
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 NPV
financial instrument,
type of instrument:
Identification code: ISIN: GG00BGDYDZ69
------------------------------------ ---------------------------------
b) Nature of the transaction: Shares Issued in Lieu of Fees
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8p 382,025
----------
------------------------------------ ---------------------------------
d) Aggregated information:
Aggregated volume: n/a
Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 30 June 2020
------------------------------------ ---------------------------------
f) Place of the transaction: London Stock Exchange
------------------------------------ ---------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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