Vast Resources plc Director Share Purchase
April 20 2021 - 6:15AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
20 April 2021
Vast Resources plc
("Vast" or the "Company")
Director Share Purchase
Vast Resources plc, the AIM-listed mining company, announces that it was
notified on 20 April 2021 that Mr Andrew Prelea, Chief Executive
Director of the Company, purchased 25,000,000 ordinary shares of 0.1
pence each in the share capital of the Company ("Ordinary Shares") at a
price of 0.837 pence per Ordinary Share on the Secondary Market.
Following this purchase, Mr Prelea's total beneficial ownership in the
Company is 1,606,514,739 Ordinary Shares, which represents approximately
7.54% of the Company's issued share capital.
Market Abuse Regulation (MAR) Disclosure
Certain information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law
by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until
the release of this announcement.
The notifications below, made in accordance with the requirements of the
UK Market Abuse Regulation, provide further detail on the directors'
dealing in the Ordinary Shares.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (CEO) +44 (0) 20 7846 0974
Andrew Hall (CCO)
Beaumont Cornish - Financial & Nominated Adviser www.beaumontcornish.com
Roland Cornish +44 (0) 020 7628 3396
James Biddle
SP Angel Corporate Finance LLP -- Joint Broker www.spangel.co.uk
Richard Morrison +44 (0) 20 3470 0470
Caroline Rowe
Axis Capital Markets Limited -- Joint Broker www.axcap247.com
Richard Hutchison +44 (0) 20 3206 0320
St Brides Partners Limited www.stbridespartners.co.uk
Susie Geliher +44 (0) 20 7236 1177
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with
mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of
high-quality projects by recommencing production at previously producing
mines.
The Company's Romanian portfolio includes 100% interest in the producing
Baita Plai Polymetallic Mine, located in the Apuseni Mountains,
Transylvania, an area which hosts Romania's largest polymetallic mines.
The mine has a JORC compliant Reserve & Resource Report which underpins
the initial mine production life of approximately 3-4 years with an
in-situ total mineral resource of 15,695 tonnes copper equivalent with a
further 1.8M-3M tonnes exploration target. The Company is now working on
confirming an enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in Romania, which
was commissioned in 2015, currently on care and maintenance. The Company
has been granted the Manaila Carlibaba Extended Exploitation License
that will allow the Company to re-examine the exploitation of the
mineral resources within the larger Manaila Carlibaba licence area.
In Zimbabwe, the Company is focused on the commencement of the joint
venture mining agreement on the Community Diamond Concession, Chiadzwa,
in the Marange Diamond Fields.
1.
Details of the person discharging managerial responsibilities/person
closely associated
a)
Name:
Andrew Prelea
2.
Reason for the notification
a)
Position/status:
Chief Executive Officer
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name:
Vast Resources Plc
b)
LEI:
213800QXLO766CMGCQ60
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, type of instrument:
Identification code:
Ordinary shares of GBP0.1 each
b)
Nature of the transaction:
Share purchase
c)
Price(s) and volume(s):
Price(s) Volume(s)
---------- ----------
GBP0.0837 25,000,000
---------- ----------
d)
Aggregated information:
Aggregated volume:
Price:
Price(s) Volume(s)
---------- ----------
GBP0.0837 25,000,000
---------- ----------
e)
Date of the transaction:
20 April 2021
f)
Place of the transaction:
AIM, London Stock Exchange
(END) Dow Jones Newswires
April 20, 2021 07:15 ET (11:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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