Capital Metals PLC Director/PDMR Shareholding (5992Q)
June 29 2022 - 1:00AM
UK Regulatory
TIDMCMET
RNS Number : 5992Q
Capital Metals PLC
29 June 2022
29 June 2022
Capital Metals PLC
("Capital Metals" or the "Company")
Director Dealings
Capital Metals Plc (AIM: CMET) , has been advised of the
following Director Dealings in the ordinary shares of the Company
on 28 June 2022.
Michael Frayne, Chief Executive of the Company, transferred
1,213,625 CMET ordinary shares representing 0.64 per cent of the
Company's issued ordinary share capital, to Limerston Pty Ltd (a
company of which Michael Frayne is the sole director and indirect
beneficiary).
Chulu Holdings Pty Ltd ATF The Chulu Trust (a trust of which
Michael Frayne is a beneficiary) also transferred 750,000 CMET
ordinary shares representing 0.40 per cent of the Company's issued
ordinary share capital to Limerston Pty Ltd (a company of which
Michael Frayne is the sole director and indirect beneficiary).
Following these transfers Michael Frayne's combined interest in
the Company remains unchanged at 13,190,006 shares (representing
6.98% of the Company's issued ordinary share capital) comprising
shares held by:
Chulu Holdings Pty Limited ATF The Chulu Trust 8,093,048
Limerston Pty Ltd 1,963,625
Mrs K Frayne 3,000,000
Mr M Frayne 133,333
Total 13,190,006
The Directors of the Company accept responsibility for the
contents of this announcement.
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: Michael Frayne
----------------------------------------- ---------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Chief Executive
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name: Capital Metals Plc
----------------------------------------- ---------------------------------------
b) LEI: 213800RR4MW1ETEMS859
----------------------------------------- ---------------------------------------
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, Ordinary shares of GBP0.02
type of instrument: GB00BMF75608
Identification code:
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Transfer of Ordinary
Shares from Mr M Frayne
(1,213,625 shares) and
Chulu Holdings Pty Ltd
ATF The Chulu Trust (a
trust of which Michael
Frayne is a beneficiary)
(750,000 shares) to Limerston
Pty Ltd (a company in
of which Mr Frayne is
the sole director and
indirect beneficiary
(1,963,625 shares)
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Ordinary Shares: Price(s) Volume(s)
6 pence 1,213,625
----------
6 pence 750,000
----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Ordinary Shares: Price(s) Volume(s)
Aggregated volume: 6 pence 1,963,625
Price: ----------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 28 June 2022
----------------------------------------- ---------------------------------------
f) Place of the transaction: Off Market
----------------------------------------- ---------------------------------------
-ENDS-
For further information please contact:
Michael Frayne (CEO) via Vigo Consulting
Vigo Consulting (Investor Relations) SPARK Advisory Partners (Nominated
Ben Simons/Oliver Clark Adviser)
+44 (0) 20 7390 0234 Neil Baldwin
capitalmetals@vigoconsulting.com James Keeshan
+44 (0) 207 3368 3554
WH Ireland Limited (Joint Broker) Tavira Securities Limited
(Joint Broker)
Harry Ansell/Katy Mitchell Jonathan Evans/Oliver Stansfield
+44 (0) 20 7220 1666 +44 (0) 20 7100 5100
For more information on Capital Metals please visit: www.capitalmetals.com
About Capital Metals plc
Capital Metals is developing the Eastern Minerals Project in the Eastern Province of Sri Lanka, approximately 220km east of Colombo. The Eastern Minerals Project is one of the highest-grade mineral sands projects globally, with a current JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals, and potential for resource extension. Our goal is to become a high margin producer of mineral sands for the international market, with a commitment to applying best-in-class mining practices and bringing significant positive benefits to Sri Lanka and the local community with over 300 direct new jobs to be created and over US$100m in direct government royalties and taxes.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
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END
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