Stellar Diamonds PLC Directors' Dealings (1393Y)
March 01 2017 - 1:01AM
UK Regulatory
TIDMSTEL
RNS Number : 1393Y
Stellar Diamonds PLC
01 March 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
1 March 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Directors' Dealings
On 28 February 2017, the Company received notification of the
following share purchase transactions in its ordinary shares of 1
pence each ("Ordinary Shares") by certain Directors of the Company,
all of which occurred on 28 February 2017:
PMDR Position Shares purchased Price per Consideration
share
----------------- ----------------- ----------------- ---------- --------------
Non-Executive
Peter Daresbury Chairman 90,000 5.50p GBP4,950
----------------- ----------------- ----------------- ---------- --------------
Chief Executive
Karl Smithson & director 103,247 4.85p GBP5,007
----------------- ----------------- ----------------- ---------- --------------
Non-executive
Steven Poulton director 250,000 4.95p GBP12,370
----------------- ----------------- ----------------- ---------- --------------
Following the above share purchases the Directors hold the
following numbers of shares in the Company:
Director Number of Number of Percentage holding
shares purchased shares held of issued share
on 28 February subsequent capital as at
2017 to the share today
purchases
Peter Daresbury 90,000 628,936 1.67%
Karl Smithson 103,247 728,266 1.93%
Steven Poulton 250,000 567,342 1.50%
Total 443,247 1,924,544 5.1%
As announced on 27 February 2017 certain Directors have also
agreed to convert certain accrued fees, salary and benefits up to
31 March 2017 amounting to GBP72,323 alongside the open offer at
the open offer price of 5.5 pence per share ("Director Fee
Shares"), and Steven Poulton has subscribed for a further 363,636
ordinary shares at 5.5 pence to raise GBP20,000 alongside the open
offer ("Subscription Shares"). Issue of these Director Fee Shares
and Subscription Shares is conditional upon the passing of certain
resolutions at the Annual General Meeting to be held on 24 March
2017. The allocation of Director Fee Shares and Subscription Shares
to the relevant Directors is set out below. Details of percentage
holdings will be announced following the Annual General Meeting and
completion of the Open Offer.
Director Number of Number of Total beneficial
Director Subscription holding after
Fee Shares Shares the issue of
the Director
Fee Shares and
Subscription
Shares(1)
Peter Daresbury 639,358 - 1,268,294
Karl Smithson 389,844 - 1,118,110
Steven Poulton 285,767 363,636 1,216,745
Total 1,314,969 363,636 3,603,149
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information contact the following or visit the
Company's website at www.stellar-diamonds.com.
Karl Smithson, Stellar Diamonds plc Tel: +44 (0) 20
CEO Stellar Diamonds plc 7010 7686
Philip Knowles, Tel: +44 (0) 20
CFO 7010 7686
Emma Earl Cairn Financial Advisers Tel: +44 (0) 20
Sandy Jamieson (Nominated Adviser) 7213 0880
Jon Bellis Beaufort Securities Tel: +44 (0) 20
Limited (Joint Broker) 7382 8300
Martin Lampshire Peterhouse Corporate Tel: +44 (0) 20
Finance (Joint Broker) 7469 0930
Rory Scott Mirabaud Securities Tel: +44 (0) 20
(Financial Advisers) 7878 3360
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Charlotte Ltd 7236 1177
Page (Financial PR)
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
-----------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- ----------------------------------------------------------------------
a. Name Steven Poulton
-------------------------------------------
2 Reason for
notification
----- ------------------------- -------------------------------------------
a. Position/Status Director
----- ------------------------- -------------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------
a. Name Stellar Diamonds Plc
----- ------------------------- -------------------------------------------
b. LEI
----- ------------------------- -------------------------------------------
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 Ordinary Shares of 1 pence each
of the financial
instrument,
type of instrument GB00BYZ5QT80
Identification
Code
----- ------------------------- -------------------------------------------
b. Nature of the Purchase of shares
transaction
----- ------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ------------------------- ----------------- ------------
4.8 pence 150,000
4.99 pence 50,000
5.25 pence 25,000
5.45 pence 25,000
------------------------------------------------------- ------------
d. Aggregated
information
250,000 shares
- Aggregated
Volume 4.95 pence per share
- Price
----- ------------------------- -------------------------------------------
e. Date of the 28 February 2017
transaction
----- ------------------------- -------------------------------------------
f. Place of the London AIM
transaction
----- ------------------------- -------------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
-----------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- ----------------------------------------------------------------------
a. Name Lord Peter Daresbury
-------------------------------------------
2 Reason for
notification
----- ------------------------- -------------------------------------------
a. Position/Status Director
----- ------------------------- -------------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------
a. Name Stellar Diamonds Plc
----- ------------------------- -------------------------------------------
b. LEI
----- ------------------------- -------------------------------------------
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 Ordinary Shares of 1 pence each
of the financial
instrument,
type of instrument GB00BYZ5QT80
Identification
Code
----- ------------------------- -------------------------------------------
b. Nature of the Purchase of shares
transaction
----- ------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ------------------------- ----------------- ------------
5.5 pence 90,000
------------------------------------------------------- ------------
d. Aggregated
information
90,000 shares
- Aggregated
Volume 5.5 pence per share
- Price
----- ------------------------- -------------------------------------------
e. Date of the 28 February 2017
transaction
----- ------------------------- -------------------------------------------
f. Place of the London AIM
transaction
----- ------------------------- -------------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
-----------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- ----------------------------------------------------------------------
a. Name Nicholas Karl Smithson
-------------------------------------------
2 Reason for
notification
----- ------------------------- -------------------------------------------
a. Position/Status Director
----- ------------------------- -------------------------------------------
b. Initial notification/ Initial notification
Amendment
----- ------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------
a. Name Stellar Diamonds Plc
----- ------------------------- -------------------------------------------
b. LEI
----- ------------------------- -------------------------------------------
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 Ordinary Shares of 1 pence each
of the financial
instrument,
type of instrument GB00BYZ5QT80
Identification
Code
----- ------------------------- -------------------------------------------
b. Nature of the Purchase of shares
transaction
----- ------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) per share
----- ------------------------- ----- ----------------- ------------
4.85 pence 103,247
------------------------------------------------------- ------------ ---
d. Aggregated
information
103,247 shares
- Aggregated
Volume 4.85 pence per share
- Price
----- ------------------------- -------------------------------------------
e. Date of the 28 February 2017
transaction
----- ------------------------- -------------------------------------------
f. Place of the London AIM
transaction
----- ------------------------- -------------------------------------------
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
END
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