The 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 (MAR) as in force in the United Kingdom pursuant to the European Union (withdrawal) act 2018. Upon the publication of this announcement via regulatory information service (RIS), this inside information will be in the public domain.
Andrada Mining Limited
("Andrada" or the "Company")
PDMR Trading
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia, has received notice that Chief Strategy Officer, Frans Van Daalen sold 7 382 811 shares at a price of 1.96 pence on 3 March 2025. Notice was also received that Chief Operational Officer, Chris Smith sold 655 673 shares at a price of 1.96 pence on 3 March 2025. The sale of the shares was undertaken solely to meet taxation obligations.
Number of shares sold by PDMRs
| Executive Director/ PDMR | Role | Number of Shares Sold | Previous Holding | New Holding | Resulting Interest in the Share Capital of the Company (%) |
| Frans Van Daalen | CSO | 7 382 811 | 7 724 521 | 341 710 | 0.02 |
| Christoffel Smith | COO | 655 673 | 3 297 518 | 2 641 845 | 0.17 |
CONTACTSAndrada Mining LimitedAnthony Viljoen, CEO Sakhile Ndlovu, Head of Investor Relations | +27 (11) 268 6555
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NOMINATED ADVISOR & BROKER | |
Zeus CapitalKaty Mitchell Andrew de Andrade Harry Ansell | +44 (0) 20 2382 9500 |
CORPORATE BROKER & ADVISOR | |
H&P Advisory LimitedAndrew Chubb Jay Ashfield Matt Hasson | +44 (0) 20 7907 8500 |
BerenbergJennifer Lee Natasha Ninkov | +44 (0) 20 3753 3040 |
FINANCIAL PUBLIC RELATIONS | |
TavistockEmily Moss Josephine Clerkin | +44 (0) 207 920 3150 andrada@tavistock.co.uk |
About Andrada Mining Limited
Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange, and has mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations. Leveraging its strong foundation in Namibia, Andrada is on a strategic path to becoming a leading African producer of critical metals including tin, lithium, tungsten, tantalum and copper. These metals are important enablers of the green energy transition, being essential for components of electric vehicles, solar panels and wind turbines.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Frans van Daalen | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Strategy Officer | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | |||||
| a) | Name | Andrada Mining plc | ||||
| b) | LEI | 213800FKOXWBL6JBVH90 | ||||
| 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 share
GG00BD95V148 | ||||
| b) | Nature of the transaction | Change of exercise price of existing options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 3 March 2025 | ||||
| f) | Place of the transaction | XLON, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Chris Smith | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Operational Officer | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | |||||
| a) | Name | Andrada Mining plc | ||||
| b) | LEI | 213800FKOXWBL6JBVH90 | ||||
| 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 share
GG00BD95V148 | ||||
| b) | Nature of the transaction | Change of exercise price of existing options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||
| e) | Date of the transaction | 3 March 2025 | ||||
| f) | Place of the transaction | XLON, AIM | ||||
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