Sales of Shares
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.
17 October 2017
Beowulf Mining plc
("Beowulf" or the "Company")
Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities ("PDMR"), sold 8,500,000 shares on 16 October 2017, following the exercise of options notified on 10 October 2017. After the sale of shares, Mr Metcalf has 2,165,841 ordinary shares remaining in the Company representing approximately 0.405 per cent of the issued share capital of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides additional detail.
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993
Cantor Fitzgerald Europe
(Nominated Advisor & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe/Megan Ray Tel: +44 (0) 20 7138 3204
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Bevan Metcalf | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR – Non-executive Chairman | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Beowulf Mining plc | |
| b) | LEI | 213800MV3XGAOASPT433 | |
| 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 1p eachGB0033163287 | |
| b) | Nature of the transaction | Sale of shares | |
| c) | Price(s) and volume(s) | Price | Volume |
| 6.25p | 8,500,000 | ||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | |
| e) | Date of the transaction | 16 October 2017 | |
| f) | Place of the transaction | AIM of the London Stock Exchange | |