Business
Ariana Resources plc : Directors' Subscriptions...
Ariana Resources plc : Directors' Subscriptions....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : Directors' Subscriptions, Dealings and TVR20 June 2017 AIM: AAUDIRECTORS' SUBSCRIPTIONSDIRECTORS' DEALINGS TOTAL VOTING RIGHTS Further to the announcement earlier today relating to the placing (the \"Placing\") and the subscription (the \"Subscription\") to raise £2 million, Ariana Resources plc (\"Ariana\" or \"the Company\"), is pleased to announce that four directors of the Company, namely Mr. Michael de Villiers, Dr. Kerim Sener, Mr. William Payne and Mr. Chris Sangster, have subscribed for a total of 9,969,230 new ordinary shares of 0.1 pence each in the Company at a price of 1.30 pence per ordinary share (the \"Director Shares\"), being on the same terms as the Subscription, for a further sum of £129,600.Application will be made for the 153,846,154 new ordinary shares of 0.1 pence issued under the Placing and Subscription, together with the 9,969,230 Director Shares, to be admitted to trading on AIM (\"Admission\"). Such shares will rank pari passu with all existing ordinary shares in the Company, and Admission is expected to take place on 23 June 2017.The following Directors have subscribed for Director Shares, with the resultant shareholding as described below:Name Number of Director SharesShareholding upon Admission Percentage of enlarged share capital upon Admission Michael de Villiers 5,623,077 31,673,077 3.01 Kerim Sener 1,115,384 14,192,252 1.34 William Payne 2,307,692 7,109,314 0.67 Chris Sangster 923,077 1,618,729 0.15 Total voting rights At Admission, the Company's issued share capital will consist of 1,051,637,937 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 1,051,637,937.Market Abuse RegulationThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (\"MAR\"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside informati...