8 July 2024
Trading Symbols
AIM: UFO
FWB: I3A1
Alien Metals Ltd
Director Dealings, Issue of Equity & TVR
Alien Metals Ltd ("Alien" or "the Company") (AIM: UFO), a minerals exploration and development company, advises that on 1 July 2024, Independent Non-Executive Director, Ms Elizabeth Henson, and related family were issued a total of 6,000,000 new common shares of no par value each in the Company ("Common Shares") at a price of 0.20 pence per share, via Ixia Advisors Limited, in lieu of a cash settlement of Director fees ("Director Fee Settlement") (the "Director Fee Shares"). Ms Henson and her family now hold 14,455,722 in the Company, representing 0.21% of the Company's issued share capital as enlarged by the Director Fee Settlement.
Related Party Transaction
Ms Elizabeth Henson is a director of the Company, and the issue of Director Fee Shares is therefore deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors independent of the transaction, being Mr Guy Robertson and Mr Robert Mosig, consider, having consulted with Strand Hanson Limited in its capacity as the Company's nominated adviser, that the terms of the issue of the Director Fee Shares are fair and reasonable insofar as the shareholders of Alien Metals are concerned.
Admission to trading on AIM and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the Director Fee Shares, which is expected to take effect and dealings commence at 8.00 a.m. (BST) on or around 11 July 2024 ("Admission").
The Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Common Shares.
The number of Common Shares in issue, and the total voting rights in the Company, on Admission, will be 6,964,460,841. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change of their interest in, the Company under the provisions of the Company's constitution.
For further information please visit the Company's website at www.alienmetals.uk or contact:
Alien Metals Limited
Guy Roberston
Strand Hanson (Financial and Nominated Adviser)
James Harris / James Dance / Robert Collins
Tel: +44 (0) 207 409 3494
WH Ireland Ltd
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
CMC Markets (Joint Broker)
Douglas Crippen
Tel: +44 (0) 203 003 8632
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah / Zara McKinlay
Tel: +44 (0) 20 3004 9512
alienmetals@yellowjerseypr.com
Notes to Editors:
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company's focus is on delivering a profitable direct shipping iron ore operation from its 90% Hancock iron ore project in the central Pilbara region of Western Australia. The Hancock tenements currently contain a JORC-compliant resource of 8.4Mt iron ore @ 60% Fe and offers significant exploration upside which is targeted to deliver a mining operation of 2Mtpa for 10 years.
These Hancock Project tenements have direct access to the Great Northern Highway, which provides an essential export route to export facilities at Port Hedland, from where more than 500Mt of iron ore is exported annually (30% of global production). The Company also has an interest in two iron ore exploration projects Brockman and Vivash, located in the West Pilbara.
The Company owns the Elizabeth Hill Silver Project, located near Karratha in the Pilbara, which consists of the Elizabeth Hill Mining Lease and exploration tenements surrounding the historical silver mine which has produced some of Australia's highest-grade silver ore during the late 1990's. The Company also owns one of Australia's largest PGM deposits, Munni Munni which hosts a deposit containing a historic resource of 2.2Moz PGM (Palladium, Platinum, Gold, and Rhodium).
PDMR Notification
| 1 | Details of the person discharging managerial responsibilities | |||||||
| a) | Name | Elizabeth Henson | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Independent Non-Executive Director | ||||||
| b) | Initial notification /Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Alien Metals Limited | ||||||
| b) | LEI | 213800KS2BKR6QBRHE44 | ||||||
| 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 | Common Shares of Alien Metals Limited ISIN VGG017351021 | ||||||
| b) | Nature of the transaction | Issue of Shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information
- Aggregated volume
- Price |
N/A
N/A |
| e) | Date of the transaction | 1 July 2024 |
| f) | Place of the transac2on | London Stock Exchange, AIM (XLON) |
47,722
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