Vast Resources plc Director Share Purchase
07 Julio 2021 - 7:15AM
UK Regulatory
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector:
Mining
7 July 2021
Vast Resources plc
("Vast" or the "Company")
Director Share Purchase
Vast Resources plc, the AIM-listed mining company, announces
that it was notified on 7 July 2021 that Mr Brian Moritz, Chairman
of the Company, purchased 200,000 ordinary shares of 0.1 pence each
in the share capital of the Company ("Ordinary Shares") at a price
of 7.75 pence per Ordinary Share on the Secondary Market.
Following this purchase, Mr Moritz's total beneficial ownership
in the Company is 450,000 Ordinary Shares, which represents
approximately 0.21% of the Company's issued share capital.
Market Abuse Regulation (MAR) Disclosure
Certain information contained within this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR") until the release of this announcement.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
detail on the directors' dealing in the Ordinary Shares.
**ENDS**
For further information, visit www.vastplc.com or please
contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (CEO) +44 (0) 20 7846 0974
Andrew Hall (CCO)
Beaumont Cornish -- Financial & Nominated Advisor http://www.beaumontcornish.com www.beaumontcornish.com
Roland Cornish +44 (0) 20 7628 3396
James Biddle
Shore Capital Stockbrokers Limited -- Joint Broker www.shorecapmarkets.co.uk
Jerry Keen (Corporate Broking) +44 (0) 20 7408 4050
Toby Gibbs / James Thomas (Corporate Advisory)
Axis Capital Markets Limited -- Joint Broker www.axcap247.com
Richard Hutchison +44 (0) 20 3206 0320
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company
with mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of
high-quality projects by recommencing production at previously
producing mines.
The Company's Romanian portfolio includes 100% interest in the
producing Baita Plai Polymetallic Mine, located in the Apuseni
Mountains, Transylvania, an area which hosts Romania's largest
polymetallic mines. The mine has a JORC compliant Reserve &
Resource Report which underpins the initial mine production life of
approximately 3-4 years with an in-situ total mineral resource of
15,695 tonnes copper equivalent with a further 1.8M-3M tonnes
exploration target. The Company is now working on confirming an
enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in Romania,
which was commissioned in 2015, currently on care and maintenance.
The Company has been granted the Manaila Carlibaba Extended
Exploitation Licence that will allow the Company to re-examine the
exploitation of the mineral resources within the larger Manaila
Carlibaba licence area.
In Zimbabwe, the Company is focused on the commencement of the
joint venture mining agreement on the Community Diamond Concession,
Chiadzwa, in the Marange Diamond Fields.
1.
Details of the person discharging managerial
responsibilities/person closely associated
a)
Name:
Brian Moritz
2.
Reason for the notification
a)
Position/status:
Chairman
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a)
Name:
Vast Resources Plc
b)
LEI:
213800QXLO766CMGCQ60
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 GBP0.1 each
ISIN: GB00BMD68046
b)
Nature of the transaction:
Share purchase
c)
Price(s) and volume(s):
Price(s) Volume(s)
---------- ---------
GBP0.0775 200,000
---------- ---------
d)
Aggregated information:
Aggregated volume:
Price:
Price(s) Volume(s)
---------- ---------
GBP0.0775 200,000
---------- ---------
e)
Date of the transaction:
7 July 2021
f)
Place of the transaction:
AIM, London Stock Exchange
(END) Dow Jones Newswires
July 07, 2021 08:15 ET (12:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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