21 December 2017

AIM: AAU

 

 

ISSUE OF EQUITY and OPTIONS

 

DIRECTORS' DEALINGS

 

TOTAL VOTING RIGHTS

 

 

Ariana Resources plc ("Ariana" or the "Company"), the exploration and development company operating in Turkey, announces that on 18 December 2017, the Board of Directors, on the recommendation of the Remuneration Committee, approved the issue of shares to the Directors in accordance with the Company's bonus policy together with the award of options both to Directors and certain members of staff.

 

 

Directors' Bonus Shares

 

A bonus is being awarded to the Directors in recognition of their dedication and commitment, over many years, towards achieving commercial production from the Kiziltepe Mine.  This bonus is being split amongst the four Directors in proportion to their fees, and is being paid as one third in cash and two thirds in new ordinary shares ("Bonus Shares") at the issue price of 1.25 pence per share, such price being fixed by reference to the 30 day VWAP as at the date of the Remuneration Committee.  A total of 8,040,000 Bonus Shares are being issued representing 0.76% of the Company's existing issued share capital ("ISC").

 

Grant of Share Options

 

64,000,000 new 5 year options (6.08% of the ISC) vesting from 1 January 2018 over three years at 1.55 pence per share - such price being based on an approximately 25% premium to VWAP after consideration by the Remuneration Committee are being granted:  44,000,000 options (4.18% of the ISC) to Directors, and 20,000,000 new options (1.90% of the ISC) to other employees ("New Scheme"). 

 

Further to the issue of the Bonus Shares and options under the New Scheme, Directors' holdings are as follows:

 

Name

Number of Bonus Shares awarded

Number of options granted

Total shareholding

% of issued share capital

% of enlarged share capital

Kerim Sener

3,752,000

19,000,000

18,104,252

1.72%

1.71%

Michael de Villiers

 

2,680,000

17,000,000

36,680,000

3.49%

3.46%

William Payne

 

804,000

4,000,000

7,894,314

0.75%

0.74%

Chris Sangster

804,000

4,000,000

2.648,292

0.25%

0.25%

 

Application is being made for the 8,040,000 Bonus Shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission").  Admission is expected on or around 29 December 2017.

 

Total Voting Rights

 

At Admission, the Company's issued share capital will consist of ordinary shares with a nominal value of 0.1 pence each, with voting rights ("Ordinary Shares").  The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 1,059,677,937.

 

 

Market Abuse Regulation

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

 

Contacts:

 

Ariana Resources plc

Tel: +44 (0) 20 7407 3616

Michael de Villiers, Chairman


Kerim Sener, Managing Director




Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt




Beaufort Securities Limited

Tel: +44 (0) 20 7382 8300

Jon Belliss




Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7886 2500

Adam James / Tom Salvesen

 

 




The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of (a) the Directors being awarded Bonus Shares and (b) the Directors being granted options under the New Scheme as described above

 

(a)

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Kerim Sener

Michael deVilliers

William Payne 

Chris Sangster

 

2

Reason for notification

a)

Position / status

Director

Director

Director

Director

 

b)

Initial notification

/Amendment

Initial

3

Detailsoftheissueremissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor

a)

Name

Ariana Resources plc

 

b)

LEI

213800LVVY7GZY21LH22

4

Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted

a)

Description  of  the financial instrument, type ofinstrument

 

Idntification code

Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 

 


Nature of the transaction

Award of new ordinary shares as described above pursuant to Bonus

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.25 pence

3,752,000

1.25 pence

2,680,000

1.25 pence

804,000

1.25 pence

804,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 December 2017  

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

(b)

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Kerim Sener

Michael deVilliers

William Payne 

Chris Sangster

 

2

Reason for notification

a)

Position / status

Director

Director

Director

Director

 

b)

Initial notification

/Amendment

Initial

3

Detailsoftheissueremissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor

a)

Name

Ariana Resources plc

 

b)

LEI

213800LVVY7GZY21LH22

4

Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted

a)

Description  of  the financial instrument, type ofinstrument

 

Idntification code

Options over Ordinary shares of 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 

 


Nature of the transaction

Grant of options as described above under the New Scheme

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

1.55 pence

19,000,000

1.55 pence

17,000,000

1.55 pence

4,000,000

1.55 pence

4,000,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 December 2017 

f)

Place of the transaction

London Stock Exchange, AIM (XLON)