VI Mining PLC - Director/PDMR Shareholding
RNS Number : 9008A
VI Mining PLC
24 January 2020
 

24 January 2020

 

VI Mining PLC

(the "Company", NEX: VIM)

 

Director/PDMR Shareholdings

 

 

On 24 January 2020, VI Mining PLC was notified of the following changes in director shareholdings, all of which took place on 24 January 2020:

 

·    Sumner Group Mining Limited (formerly Lamb Mining Limited), a wholly owned subsidiary of Sumner Group Holdings Limited ("SGH"), acquired 239,085 ordinary shares of nil par value in the Company ("Ordinary Shares") in exchange for digital securities issued by the SGH group with a value of US$303,453 and a further 1,031,650 Ordinary Shares in exchange for unsecured convertible loan notes issued by SGH with a value of US$6,654,143; and

 

·    David Sumner acquired 477,795 Ordinary Shares from certain shareholders for cash consideration of £332,782 and a further 505,262 Ordinary Shares in exchange for the transfer of 2,085,469 existing ordinary shares in SGH valued at US$2,085,469.

 

Following these transactions, Sumner Group Mining Limited holds 82,343,224 Ordinary Shares and David Sumner holds 984,057 Ordinary Shares, representing 64.5% and 0.8% respectively of the issued share capital of the Company.

 

The holdings of directors of the Company in the capital of SGH are as follows:

 

Director

%



David Sumner

67.6

Allan Rowley

2.1

Aamir Quraishi

2.1

Katie Lenko Hiess

2.1

 

 

Contact:

 

VI Mining PLC


Allan Rowley

 +511 475 2363



VSA Capital Limited (NEX Corporate Adviser)


Andrew Raca / Pascal Wiese

020 3005 5000

 

 

 

The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sumner Group Mining Limited (a wholly owned subsidiary of Sumner Group Holdings Limited ("SGH"))

2.

Reason for the notification

a)

Position / status

SGH is majority owned by David Sumner, Chairman of VI Mining PLC

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

VI Mining PLC

b)

LEI

2138004F1GQSSQ6O9L09

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 nil par value

 

ISIN: JE00BDFKM100


b)

Nature of the transaction(s)

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

US$1.27

US$6.45

 

239,085

1,031,650

 

d)

Aggregated information

- Aggregated volume

- Price

 

1,270,735

 US$6,957,596

e)

Date of the transaction

24 January 2020

f)

Place of the transaction

Off market

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Sumner

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

VI Mining PLC

b)

LEI

2138004F1GQSSQ6O9L09

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 nil par value

 

ISIN: JE00BDFKM100


b)

Nature of the transaction(s)

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.70

US$4.13

477,795

505,262

d)

Aggregated information

- Aggregated volume

- Price

 

983,057

£332,782 plus US$2,085,469

e)

Date of the transaction

24 January 2020

f)

Place of the transaction

Off market

 


This information is provided by RNS, the news service of the . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NEXBIMJTMTITBRM ]]>