Release details

2017-07-17 19:05 CEST
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Ariana Resources plc : Director/PDMR Shareholding

("Ariana" or "the Company")
17 July 2017
AIM: AAU

Director/PDMR Shareholdings

Ariana has been informed of Directors' purchases in ordinary shares in the Company ("Ordinary Shares") as follows:

Name Date of purchase Price per share Total number of shares purchased Resultant holding Percentage holding of issued share capital
Dr Kerim Sener, Managing Director 14 July 2017 1.33p 160,000 14,352,252 1.365
Michael De Villers, Chairman 14 July 2017 1.31p 1,000,000 32,673,077 3.106
Chris Sangster, Director

 

 

 
17 July 2017

 

 
225,563 shares at 1.33p

695,652 shares at 1.25p

 
921,215 * 1,844,292 0.17

*of Chris Sangster's total number of shares purchased, 695,652 were transferred to his SIPP from his existing holding.

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 www.beaumontcornish.com
   
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 following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

Kerim Sener

1
Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)
Name
Kerim Sener

2
Reason for notification
a)
Position / status
Managing Director
b)
Initial notification
/Amendment
Initial
3
Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ariana Resources plc

b)
LEI
213800LVVY7GZY21LH22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description  of  the financial instrument, type of instrument

Identification code
Ordinary shares of 0.1 pence each in Ariana Resources plc

ISIN GB00B085SD50

Nature of the transaction
Acquisition of ordinary shares in the market.

c)
Price(s) and volumes(s)

Price(s) Volumes(s)
1.33 pence 160,000

d)
Aggregated information
n/a
e)
Date of the transaction
14 July 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

Michael de Villiers

1
Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)
Name
Michael de Villiers

2
Reason for notification
a)
Position / status
Chairman
b)
Initial notification
/Amendment
Initial
3
Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ariana Resources plc

b)
LEI
213800LVVY7GZY21LH22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description  of  the financial instrument, type of instrument

Identification code
Ordinary shares of 0.1 pence each in Ariana Resources plc

ISIN GB00B085SD50

Nature of the transaction
Purchase of new ordinary shares as described above

c)
Price(s) and volumes(s)

Price(s) Volumes(s)
1.31  pence 1,000,000

d)
Aggregated information
n/a
e)
Date of the transaction
14 July 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

Chris Sangster

1
Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)
Name
Chris Sangster 

2
Reason for notification
a)
Position / status
Director
b)
Initial notification
/Amendment
Initial
3
Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ariana Resources plc

b)
LEI
213800LVVY7GZY21LH22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description  of  the financial instrument, type of instrument

Identification code
Ordinary shares of 0.1 pence each in Ariana Resources plc

ISIN GB00B085SD50

Nature of the transaction
Purchase of new ordinary shares as described above

c)
Price(s) and volumes(s)

Price(s) Volumes(s)
1.33 pence 225,563
1.25 pence 695,652

d)
Aggregated information
n/a
e)
Date of the transaction
17 July 2017 
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

About Ariana Resources:

Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database.

The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 525,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on future production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

Beaufort Securities Limited and Panmure Gordon (UK) Limited are joint brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.

Ends

HUG#2120930