Scotgold Resources Ltd Option Award and PCA Dealing (6006U)
July 30 2020 - 02:21AM
UK Regulatory
TIDMSGZ
RNS Number : 6006U
Scotgold Resources Ltd
30 July 2020
Scotgold Resources Limited
30 July, 2020
Scotgold Resources Limited
Option Award and PCA Dealing
Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the
"Company") announces that it has awarded Saint Consulting (UK)
Limited 200,000 share options pursuant to services being provided
for the construction activities required to complete the Cononish
Gold and Silver Mine processing plant and other infrastructure
("Share Options").
The Share Options have an exercise price of 71p per depositary
interest of no par value each and vest upon successful completion
of hot commissioning of the Cononish mine processing plant if
achieved on or before 31 December 2020. The Share Options shall
lapse if unexercised by 31 December 2023.
Saint Consulting (UK) Limited is an entity controlled by Jason
Saint, who is considered a person discharging managerial
responsibility in the Company ("PDMR"), and, as such, constitutes a
Person Closely Associated ("PCA") to Jason Saint for the purposes
of the EU Market Abuse Regulation.
The Company currently has total issued capital of 51,351,733
ordinary shares and had 2,180,000 options in issue. On conclusion
of the transactions described here, the Company will have a total
of 2,380,000 options in issue which, if all options were exercised,
would result in a fully diluted capital of 53,731,733 ordinary
shares.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Saint Consulting (UK) Limited
of person
Dealing
------------------------------ ---------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status PCA of Jason Saint, a PDMR
------------------------------ ---------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------ ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------ ---------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------ ---------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------ ---------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------ ---------------------------------------
(c) Nature of Grant of Share Options
the transaction
------------------------------ ---------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 71 pence 200,000
------------------------------ ---------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------ ---------------------------------------
(f) Date of transaction 29 July 2020
------------------------------ ---------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------ ---------------------------------------
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400
Richard Gray 306
SP Angel Corporate Finance Tel +44 (0) 20 3470
LLP 0470
Nomad and Broker
Ewan Leggat / Charlie
Bouverat
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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