Scotgold Resources Ltd PDMR/PCA Dealing (3551H)
December 03 2020 - 1:00AM
UK Regulatory
TIDMSGZ
RNS Number : 3551H
Scotgold Resources Ltd
03 December 2020
3 December 2020
Scotgold Resources Limited
("Scotgold" or the "Company)
PDMR/PCA Dealing
Scotgold Resources Limited (AIM:SGZ), the gold exploration and
production company focused on Scotland, announces that it was
notified on 1 December 2020 that Peter Hetherington, Non-Executive
Director of the Company has sold 2,000,000 ordinary shares
("Ordinary Shares") at a price of 113.71p per Ordinary Share to The
Holywell Alpaca Settlement, a trust whose beneficiaries include
persons closely associated ("PCA") to Peter Hetherington.
Following the sale of the Ordinary Shares, Peter Hetherington
will have a beneficial interest in 2,088,961 Ordinary Shares,
representing approximately 3.86% (previously 7.56%) of the ordinary
share capital of the Company.
The Company confirms that this sale was made in compliance with
the Company's Share Dealing Policy, and further that there exists
no price sensitive information which has not previously been
announced to the market
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) Full name of person Peter Hetherington
Dealing
------------------------------- ------------------------------
2. Reason for notification
------------------------------- ------------------------------
(a) Position/status Non-Executive Director
------------------------------- ------------------------------
(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 of the Ordinary Shares
financial instrument,
type of instrument
------------------------------- ------------------------------
(b) Identification code AU000XINEAK5
------------------------------- ------------------------------
(c) Nature of the transaction Sale of Shares
------------------------------- ------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
113.71
pence 2,000,000
----------
------------------------------- ------------------------------
(e) Aggregated information: Single transaction as in 4(d)
- Aggregated volume above
- Price
------------------------------- ------------------------------
(f) Date of transaction 1 December 2020
------------------------------- ------------------------------
(g) Place of transaction London Stock Exchange, AIM
Market (XLON)
------------------------------- ------------------------------
1. Details of the person
discharging managerial
responsibilities/person
closely associated
(a) Full name of person The Holywell Alpaca Settlement
Dealing
------------------------------- ---------------------------------
2. Reason for notification
------------------------------- ---------------------------------
(a) Position/status Trust owned by PCA of a Director
of the Company,
------------------------------- ---------------------------------
(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 of the Ordinary Shares
financial instrument,
type of instrument
------------------------------- ---------------------------------
(b) Identification code AU000XINEAK5
------------------------------- ---------------------------------
(c) Nature of the transaction Purchase of Shares
------------------------------- ---------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
113.71
pence 2,000,000
----------
------------------------------- ---------------------------------
(e) Aggregated information: Single transaction as in 4(d)
- Aggregated volume above
- Price
------------------------------- ---------------------------------
(f) Date of transaction 1 December 2020
------------------------------- ---------------------------------
(g) Place of transaction London Stock Exchange, AIM
Market (XLON)
------------------------------- ---------------------------------
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.
**ENDS**
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
Tel +44 (0) 20 7236
St Brides Partners 1177
Financial PR
Susie Geliher / Frank
Buhagiar
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