Business
Issue of equity and Director / PDMR shareholding
Issue of equity and Director / PDMR shareholding.
About this update from Premier African Minerals Ltd.
[{"type":"text","content":"\n \nRNS Number : 3929A Premier African Minerals Limited 29 May 2019 \n\n \nFor immediate release\n29 May 2019\n \nPremier African Minerals Limited\n(\"Premier\" or the \"Company\")\nIssue of equity and Director / PDMR shareholding \n \nThe Company announces that the Board on 28 May 2019 issued new ordinary shares to Directors and employees and to certain third parties in settlement of accrued but unpaid amounts due, amounting in aggregate to £145,787 (\"Settlement Shares\").\n \nThe Company issued 54,241,382 Settlement Shares to Directors in settlement of accrued but unpaid fees (amounting in aggregate to £48,817) at an issue price of 0.09p per share, in total representing approximately 0.69 per cent. of the current issued share capital, as set out in the table below:\n \n\n\n\nIndividual\n\n\nAmount settled in Settlement Shares\n(Note 1)\n\n\nIssue price of Settlement Shares\n\n\nSettlement Shares issued\n \n(Note 1)\n\n\nTotal Shareholding following the issue of the Settlement Shares \n\n\nShareholding in the enlarged issued share capital \n\n\n\n\nDirector:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGeorge Roach\n\n\n£22,219\n\n\n0.09p\n\n\n24,688,014\n\n\n643,484,623\n\n\n8.05%\n\n\n\n\nGodfrey Manhambara\n\n\n£3,750\n\n\n0.09p\n\n\n4,166,667\n\n\n4,166,667\n\n\n0.05%\n\n\n\n\nMichael Foster\n\n\n£7,100\n\n\n0.09p\n\n\n7,888,889\n\n\n16,343,434\n\n\n0.20%\n\n\n\n\nWolfgang Hampel \n\n\n£15,873\n\n\n0.09p\n\n\n17,497,813\n\n\n17,636,667\n\n\n0.22%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Note 1: The amount settled in shares has been rounded to the nearest whole pound in the table above. The calculation of settlement shares issued was made on the monetary amount settled to four decimal places. Any differences are due to rounding.\n \nIn addition, a further 39,966,803 Settlement Shares have been issued to certain employees in settlement of accrued but unpaid salaries due of £35,970 (see Note 1 above) at the Issue Price, and 67,777,778 Settlement Shares to third parties in settlement of accrued but unpaid amounts owed of £61,000 (see Note 1 above), also at the Issue Price.\n \nThe Settlement Shares, amounting in aggregate to 161,985,963 new Ordinary Shares, will rank pari passu in all respects with the Company's existing issued ordinary shares and applicat...