12:06 Tue 11 Aug 2020
Premier African Min - Director/PDMR Shareholding
For immediate release
Issue of equity and Director / PDMR shareholding
The Company announces that the Board on
The Company issued 180,257,506 Settlement Shares to Directors in settlement of accrued but unpaid fees (amounting in aggregate to
Individual |
Amount settled in Settlement Shares (Note 1) |
Issue price of Settlement Shares |
Settlement Shares issued
(Note 1) |
Total Shareholding following the issue of the Settlement Shares |
Shareholding in the enlarged issued share capital |
Director: |
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0.09p |
95,736,726 |
932,869,111 |
7.05% |
Godfrey Manhambara |
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0.09p |
16,666,667 |
20,833,334 |
0.16% |
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|
0.09p |
67,854,114 |
85,490,781 |
0.65% |
Note 1: The amount settled in shares has been rounded to the nearest whole pound in the table above. The calculation of settlement shares issued was made on the monetary amount settled to four decimal places. Any differences are due to rounding.
In addition, a further 194,663,027 Settlement Shares have been issued to certain employees and a former director (
The Settlement Shares, amounting in aggregate to 374,920,533 new Ordinary Shares, will rank pari passu in all respects with the Company's existing issued ordinary shares and application will be made for admission of the Settlement Shares to trading on AIM ("Admission"), which is expected to occur on or about
Total Voting Rights
Following the issue of the Conversion Shares, the Company's issued share capital consists of 13,233,595,634 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
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Tel: +27 (0) 100 201 281 |
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(Nominated Adviser) |
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Tel: +44 (0) 20 7408 4090 |
Notes to Editors:
The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in
In addition, the Company holds a 19% interest in
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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1. 2. Godfrey Manhambara 3. |
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2
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Reason for the notification |
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a)
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Position/status
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1. Chief Executive 2. Non-executive director 3. Executive director |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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b)
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LEI
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213800WDKYXYJZE5DZ61 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of no par value in
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Identification code |
ISIN: VGG7223M1005 |
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b)
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Nature of the transaction
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Issue of Ordinary Shares |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
180,257,506 Ordinary Shares |
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- Price |
0.09p |
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e)
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Date of the transaction
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f)
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Place of the transaction
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Outside a trading venue |
ENDS
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