Business
Exercise of Options/PDMR Dealing
Exercise of Options/PDMR Dealing.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 2050T Beowulf Mining PLC 10 October 2017 \n\n \nThe 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.\nFor 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. \n10 October 2017\nBeowulf Mining plc\n \n(\"Beowulf\" or the \"Company\")\nExercise of Options/PDMR Dealing\n \nBeowulf (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 it has received an exercise notice from Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities (\"PDMR\"), over 8,500,000 new ordinary shares of 1p per share in the Company (the \"Option Shares\"). \n \nOf the Option Shares 8,000,000 were exercised at 1.66p and 500,000 were exercised at 4p for a total consideration of £152,800. Application has been made for the Option Shares to be admitted to trading on AIM and it is expected that admission will take place on 16th October 2017 (\"Admission\").\n \nThe Option Shares will rank pari passu with the existing ordinary shares of the Company. Following Admission of the Option Shares, the Company's enlarged issued share capital will comprise 534,207,254 ordinary shares with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides additional detail.\nEnquiries: \nBeowulf Mining plc \nKurt Budge, Chief Executive Officer &nb...