TIDMDNK

RNS Number : 1502D

Danakali Limited

25 June 2021

 
 Announcement   Friday, 25 June 2021 
=============  =====================

Notification of PDMR transaction

Danakali Limited (ASX: DNK / LSE: DNK) (Danakali, or the Company) refers to its proposed issue of securities announcement dated 25 June 2021 regarding the issue of Executive Chairman Options (subject to receipt of shareholder approval).

The Company has received notification from persons discharging managerial responsibilities (PDMR) with respect to the conditional application for 2,000,000 unlisted options (conditional on receipt of shareholder approval) (being the Executive Chairman Options).

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Seamus Ian Cornelius 
     --------------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status             PDMR (Executive Chairman) 
     --------------------------  ------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                        Danakali Limited 
     --------------------------  ------------------------------------------------- 
 b)   LEI                         5493004SQ5E5Q6VRT472 
     --------------------------  ------------------------------------------------- 
 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          Unlisted options with an exercise price of 
       financial instrument,       143% of the closing Share price on the date 
       type of instrument          that Shareholder approval is obtained, expiring 
                                   4 years from the date of Shareholder approval. 
 
      Identification code         AU000000DNK9 
 
 b)   Nature of the transaction   Conditional application for unlisted options, 
                                   the issue of which is conditional on receipt 
                                   of shareholder approval 
     --------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         2,000,000 
                                                ---------- 
     --------------------------  ------------------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume      N/A 
 
 
        *    Price 
 
 
        *    Total 
     --------------------------  ------------------------------------------------- 
 e)   Date of the transaction     25 June 2021 
     --------------------------  ------------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------------

For more information, please contact:

 
Danakali 
Seamus Cornelius     Mark Riseley 
 Executive Chairman   Head of Corporate Development 
 +61 8 6266 8368      +61 8 6266 8368

Visit the Company's website: www.danakali.com

Follow Danakali on LinkedIn: www.linkedin.com/company/danakali-limited

Subscribe to Danakali on YouTube: www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw

Announcement authorised for release by the Company Secretary of Danakali.

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END

DSHEAPKSAANFEEA

(END) Dow Jones Newswires

June 25, 2021 04:31 ET (08:31 GMT)

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