Business
Issue of Equity and PDMR Dealing
Issue of Equity and PDMR Dealing.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 9023G Strategic Minerals PLC 01 June 2017 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain 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.\n \n1 June 2017\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\" or \"SML\")\n \nIssue of Equity and PDMR Dealing\n \nStrategic Minerals PLC (AIM: SML; USOTC; SMCDY), the diversified mineral production and development company, announces that the Company has issued 19,000,000 new ordinary shares of 0.1p each in the Company (\"New Ordinary Shares\") to shareholders in Rarus Limited (\"Rarus\"), pursuant to its agreement to acquire the balance of Rarus' shares in Central Australian Rare Earths Pty Ltd, as announced on 5 May 2017. \n \nApplication has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange (\"Admission\"). Admission is expected to occur on or around 6 June 2017.\n \nPDMR Dealing\nAlan Broome, Chairman of SML and a non-executive director of Rarus, has today been issued with 147,319 ordinary shares of 0.1 p each (\"Ordinary Shares\") by Rarus, in lieu of consideration due to Alan Broome in his capacity as a director of Rarus. Further details of this share dealing are set out below.\n \nTotal voting rights\nFollowing the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 1,245,825,560 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,245,825,560 and 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 FCA's Disclosure and Transparency Rules.\n \nMarket Abuse Regulation (MAR) Disclosure \n\nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM: \n \n\n\n\n\n1. \n\n\nDetails of the person discharging mana...