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 Limited | Nick Bridgen (CEO) / William Callewaert (CFO)
| info@ferro-alloy.com
|
| Shore Capital (Joint Corporate Broker) Liberum Capital Limited (Joint Corporate Broker) | Toby Gibbs/John More
Scott Mathieson/William King
| +44 207 408 4090
+44 20 3100 2000
|
| St Brides Partners Limited (Financial PR & IR Adviser) | Catherine Leftley/Ana 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 /Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument | Ordinary Shares | |||
| | | ||||
| 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 | |||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.