RNS

RNS Number : 6822A
Ortac Resources Limited
28 March 2017
 

28 March 2017

ORTAC RESOURCES LTD

("Ortac" or the "Company")

Directors' Dealing

Ortac Resources Ltd, the AIM listed exploration and mine development company, announces that it was notified yesterday that yesterday Mr Nick von Schirnding, Non-Executive Director of the Company, bought 260,000 ordinary shares of the Company ("Ordinary Shares") at a price of 3.5p per share. The Company was also notified yesterday that Carter Capital Pension Scheme, of which Anthony Balme, the Executive Chairman, is a beneficiary, yesterday purchased 300,000 ordinary shares at a price of 3.75p per share.

Following this transaction, Nick von Schirnding will have a beneficial interest in 260,000 Ordinary Shares representing approximately 0.32 per cent. of the Company's issued ordinary share capital. Anthony Balme will have an interest in 8,588,902 Ordinary Shares representing approximately 10.46 per cent. of the issued ordinary share capital of Ortac.

Market Abuse Regulation (MAR) Disclosure

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.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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)

Name:

Nick von Schirnding

2.     

Reason for the notification

a)

Position/status:

Non-Executive Director

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Ortac Resources Limited

b)

LEI:

213800XHFJVCC9GP2G75

4a.     

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 no par value    

VGG6829M1187

b)

Nature of the transaction:

Purchase of existing ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

3.5 pence

 260,000

 

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

3.5 pence

  260,000

 

 

e)

Date of the transaction:

2017-03-27

10.56 hrs UTC

f)

Place of the transaction:

AIM London Stock Exchange

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Anthony Balme

2.     

Reason for the notification

a)

Position/status:

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:

Ortac Resources Limited

b)

LEI:

213800XHFJVCC9GP2G75

4a.     

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 no par value    

VGG6829M1187

b)

Nature of the transaction:

Purchase of existing ordinary shares by Carter Capital Pension Scheme

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

3.75 pence

 300,000

 

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

3.75 pence

300,000

 

 

e)

Date of the transaction:

2017-03-27

14.45 hrs UTC

f)

Place of the transaction:

AIM London Stock Exchange

 

 

-ENDS-

 

 

For further information, please contact:

 

Ortac Resources Ltd

 

 

Vassilios Carellas (CEO)

 +44 (0) 20 3874 8664

 

SP Angel (Nominated Adviser & Broker)

Ewan Leggat/Lindsay Mair

 

 +44 (0) 20 3470 0470

 

Joint Brokers

 

 

 

Beaufort Securities

 

Jon Belliss / Elliot Hance

 

+44 (0)20 7382 8300

 

Peterhouse Corporate Finance Limited

Guy Miller

Lucy Williams

+44 (0) 20 7469 0930

www.pcorpfin.com

 

 

 

 

 

 

 

 

 


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