TIDMFAR

RNS Number : 1521Y

Ferro-Alloy Resources Limited

02 May 2023

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

2 May 2023

Ferro-Alloy Resources Limited

("Ferro-Alloy" or "the Company")

Director Share Purchase

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce it has been informed that on 2 May 2023, Nicholas Bridgen, CEO, purchased 6,400,000 ordinary shares in the Company at a price of 10.15p per ordinary share. Following this purchase Mr Bridgen has a beneficial interest of 59,472,133 shares representing 13.22% of the issued share capital of the Company.

- Ends -

   For further information,   visit   www.ferro-alloy.com   or   contact: 
 
 Ferro-Alloy Resources        Nick Bridgen (CEO)          info@ferro-alloy.com 
  Limited                      / William Callewaert 
                               (CFO) 
 Shore Capital                Toby Gibbs/John More 
  (Joint Corporate Broker)                                +44 207 408 4090 
  Liberum Capital Limited      Scott Mathieson/William 
  (Joint Corporate Broker)     King                        +44 20 3100 2000 
 St Brides Partners 
  Limited 
  (Financial PR & IR          Catherine Leftley/Ana 
  Adviser)                     Ribeiro                    +44 207 236 1177

Details of the full notifications received by the Company are set out below:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Nicholas Bridgen 
      ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                          CEO of Ferro-Alloy Resources Limited 
      ---------------------------------------  ------------------------------------------ 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                     FERRO-ALLOY RESOURCES LIMITED 
      ---------------------------------------  ------------------------------------------ 
 b)    LEI                                      2138003T5CF6U9W7Z780 
      ---------------------------------------  ------------------------------------------ 
 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                       Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GG00BGDYDZ69 
 
 b)    Nature of the transaction                Off market purchase of shares 
      ---------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                ------------------  ------------------- 
                                                 Price(s)            Volume(s) 
                                                ------------------  ------------------- 
                                                 10.15p              6,400,000 
                                                ------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      N/A Single transaction 
 
  - Price 
 
 e)    Date of the transaction                  2 MAY 2023 
      ---------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------------

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END

DSHUUAORONUVRAR

(END) Dow Jones Newswires

May 02, 2023 09:25 ET (13:25 GMT)

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