TIDMPERE

RNS Number : 9375D

Pembridge Resources plc

02 July 2021

2 July 2021

Pembridge Resources plc

Director/PDMR Shareholding

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") announces an increase in the shareholding of its Chairman and CEO, Gati Al-Jebouri, who is one of the Company's major shareholders.

The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 281,363 Pembridge shares at an average price of 6.03p per share between 29 June and 1 July 2021. As a result Mr Al-Jebouri's holding has increased from 20.71% to 21.02% of the issued share capital of the Company.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"I am pleased to have further increased my holding in the Company. I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."

Enquiries:

Pembridge Resources plc: +44 (0) 20 7917 2968

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board

David James, Chief Financial Officer

   Brandon Hill Capital - United Kingdom:                                         +44 (0)20 3463 5016 

Jonathan Evans

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

PDMR Notification Form

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Gati Al-Jebouri 
      ---------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                          Chairman & CEO 
      ---------------------------------------  -------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  -------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                                     Pembridge Resources plc 
      ---------------------------------------  -------------------------------- 
 b)    LEI                                      213800TBL26T6GO88M13 
      ---------------------------------------  -------------------------------- 
 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                      GB00BG107324 
 
 b)    Nature of the transaction                Purchase on market 
      ---------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------  -------------- 
                                                 Price(s)       Volume(s) 
                                                -------------  -------------- 
                                                 0.06           98,058 
                                                -------------  -------------- 
                                                 0.06           100,000 
                                                -------------  -------------- 
                                                 0.06           83,305 
                                                -------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      281,363 
 
  - Price                                  GBP 16,966.18 
 
 e)    Date of the transaction                  1/07/2021 
      ---------------------------------------  -------------------------------- 
 f)    Place of the transaction                 London UK 
      ---------------------------------------  -------------------------------- 
 

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END

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July 02, 2021 02:00 ET (06:00 GMT)

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