RNS Number : 3934J
Arc Minerals Limited
05 April 2024
 

5 April 2024

Arc Minerals Ltd 

('Arc' or the 'Company')

PDMR Dealing

Arc Minerals announces that it was notified today, that on 3 April 2024 Ian Lynch, Chief Financial Officer of the Company, purchased 1,142,857 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of 1.75 pence per share and on 4 April 2024 he purchased a further 278,009 Ordinary Shares at a price of 1.7985p (a total purchase of 1,420,866 ordinary shares). All were purchased through his SIPP.

Following this transaction, Ian Lynch now holds a beneficial interest in 4,304,771 Ordinary Shares representing approximately 0.30 per cent. of the Company's issued share capital.

The notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation:

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)

Name:

Ian Lynch

2.     

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification/Amendment:

Initial notification

3.     

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

a)

Name:

Arc Minerals Limited

b)

LEI:

213800XHFJVCC9GP2G75

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 no par value   

 

 

VGG045791016

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

(i)       1.75 pence

1,142,857

(ii)      1.7985 pence

278,009

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

1,420,866

1.756 pence

 

e)

Date of the transaction:

(i)  3 April 2024

(ii) 4 April 2024

f)

Place of the transaction:

London Stock Exchange, AIM

 

Contacts

Arc Minerals Ltd

Nick von Schirnding (Executive Chairman)

 

+44 (0) 20 7917 2942

 

WH Ireland Limited (Nomad and  Broker)

Harry Ansell / Katy Mitchell

 

+44 (0) 20 7220 1666

 

 

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