Landore Resources Limited Director/PDMR Shareholding (6713T)
July 25 2022 - 11:09AM
UK Regulatory
TIDMLND
RNS Number : 6713T
Landore Resources Limited
25 July 2022
25 July 2022
Landore Resources Limited
("Landore Resources" or the "Company")
Exercise of Options, PDMR Dealing, Issue of Equity and Total
Voting Rights
Landore Resources Limited (AIM: LND) announces it was notified
on 25 July 2022 that William Humphries, Chief Executive Officer,
exercised options in respect of 300,000 ordinary shares of no par
value at an exercise price of 16.1 pence each ("Share Options"),
for which funds of GBP48,300 have been received by the Company.
Following the exercise of the Share Options, William Humphries
has an interest in 5,916,041 ordinary shares, representing 5.13 per
cent. of the enlarged issued share capital of the Company, and has
3,450,000 share options outstanding.
Issue of Equity and Admission
Application will be made for the admission of the new ordinary
shares pursuant to the exercise of the Share Options (the "New
Ordinary Shares") to trading on AIM ("Admission"). The New Ordinary
Shares will rank pari passu with the existing Ordinary Shares and
it is expected that Admission will become effective on or around
8.00 a.m. on 29 July 2022.
Following Admission, the Company's issued share capital will
consist of 115,346,391 Ordinary Shares with voting rights. Landore
Resources does not hold any Ordinary Shares in treasury. This
figure of 115,346,391 may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they require to notify their interest in, or a change to their
interest in, the share capital of the Company under the UK
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
For more information, please contact:
Landore Resources Limited
Bill Humphries, Chief Executive Tel: 07734 681262
Officer
Glenn Featherby, Finance Director Tel: 07730 420318
Cenkos Securities (Nominated Advisor
and Broker)
Derrick Lee / Peter Lynch Tel: 0131 220 9100
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: William Humphries
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2. Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status: Chief Executive Officer
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b) Initial notification/Amendment: Initial Notification
--------------------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------------------------------
a) Name: Landore Resources Limited
--------------------------------------------------- ---------------------------------------
b) LEI: 21380019CJ5T1PNY3Q69
--------------------------------------------------- ---------------------------------------
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 no par value
financial instrument, each
type of instrument:
GG00BMX4VR69
Identification code:
--------------------------------------------------- ---------------------------------------
b) Nature of the transaction: Exercise of Share Options
--------------------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price Volume
---------------------------------------------------
16.1p 300,000
-------------------------------------------------------------------- ------------------ -------------------
d) Aggregated information: The exercise of options over
Aggregated volume: Ordinary Shares
Price: 300,000
16.1p
--------------------------------------------------- ---------------------------------------
e) Date of the transaction: 25 July 2022
--------------------------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (LON:GTC)
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END
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