Shanta Gold Limited Director/PDMR Shareholding (9208S)
March 19 2021 - 11:10AM
UK Regulatory
TIDMSHG
RNS Number : 9208S
Shanta Gold Limited
19 March 2021
19 March 2021
Shanta Gold Limited
("Shanta Gold" or the "Company")
Director/PDMR Shareholding
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
developer and explorer, announces that Eric Zurrin (CEO) and Luke
Leslie (CFO) have informed the Company that they have sold
4,868,688 ordinary shares of 0.01p each ("Ordinary Shares") in
aggregate over the last few days.
Eric Zurrin has sold a total of 2,045,688 Ordinary Shares
(equivalent to 15% of holding) at an average price of 13.3 pence
per Ordinary Share and Luke Leslie has sold 2,823,000 Ordinary
Shares (equivalent to 27% of holding) at an average price of 13.2
pence per Ordinary Share.
Following the sale of these shares Eric and Luke remain
interested in a total of 11,869,086 Ordinary Shares representing
1.1% of the Company's issued share capital and 7,604,396 Ordinary
Shares representing 0.7% per cent. of the Company's issued share
capital, respectively.
A significant proportion of executive compensation continues to
be paid in shares and this is the first sale of shares in four
years during the CEO and CFO's tenure as Company Executives.
This announcement is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
Enquiries:
Shanta Gold Limited
Eric Zurrin (CEO) +44 (0) 14 8173 2153
Luke Leslie (CFO)
Nominated Adviser and Joint Broker
Liberum Capital Limited
Scott Mathieson / Ed Thomas / Louis Davies /
Nikhil Varghese +44 (0) 20 3100 2000
Joint Broker
Tamesis Partners LLP
Charlie Bendon / Richard Greenfield +44 (0) 20 3882 2868
Public Relations
FTI Consulting
Sara Powell +44 (0) 20 3727 1000
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Eric Zurrin
------------------------------------ -------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a. Position/status Chief Executive Officer
------------------------------------ -------------------------------------
b. Initial notification Initial Notification
/Amendment
------------------------------------ -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a. Name Shanta Gold Limited
------------------------------------ -------------------------------------
b. LEI 2138004VR5BVV1VD7P81
------------------------------------ -------------------------------------
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 Ordinary shares of 0.01 pence each
the
Financial instrument, GB00BOC6R828
type of instrument
Identification
code
------------------------------------ -------------------------------------
b. Nature of the Sale of shares
transaction
------------------------------------ -------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
GBP0.135 680,000
GBP0.14 220,000
GBP0.1355 100,000
GBP0.1335 25,410
GBP0.13 1,020,278
------------------------------------ ------------------ -----------------
d. Aggregated information
* Aggregated volume
2,045,688
GBP0.133
* Price
------------------------------------ -------------------------------------
e. Date of the transaction 16-19 March 2021
------------------------------------ -------------------------------------
f. Place of the transaction London Stock Exchange
------------------------------------ -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
g. Name Luke Leslie
-------------------------------------- -------------------------------------
5. Reason for the notification
-----------------------------------------------------------------------------
a. Position/status Chief Financial Officer
-------------------------------------- -------------------------------------
b. Initial notification Initial Notification
/Amendment
-------------------------------------- -------------------------------------
6. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a. Name Shanta Gold Limited
-------------------------------------- -------------------------------------
b. LEI 2138004VR5BVV1VD7P81
-------------------------------------- -------------------------------------
7. 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 Ordinary shares of 0.01 pence each
the
Financial instrument, GB00BOC6R828
type of instrument
Identification
code
-------------------------------------- -------------------------------------
b. Nature of the Sale of shares
transaction
-------------------------------------- -------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
GBP0.129 850,000
GBP0.130 440,000
GBP0.131 440,000
GBP0.135 950,000
GBP0.141 143,000
-------------------------------------- ------------------ -----------------
d. Aggregated information
* Aggregated volume
2,823,000
GBP0.132
* Price
-------------------------------------- -------------------------------------
e. Date of the transaction 16-19 March 2021
-------------------------------------- -------------------------------------
f. Place of the transaction London Stock Exchange
-------------------------------------- -------------------------------------
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer. It
currently has defined ore resources on the New Luika and Singida
projects in Tanzania and holds exploration licences covering
approximately 1,100 km(2) in the country. Shanta Gold also owns the
West Kenya Project in Kenya with defined inferred resources of 1.2
Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine
commenced production in 2012 and produced 82,978 ounces in 2020.
The Company has been admitted to trading on London's AIM market and
has approximately 1,048 million shares in issue. For further
information please visit: www.shantagold.com.
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