4th Aug 2020 08:00
Bluebird Merchant Ventures Ltd
(the "Company" or "Bluebird")
PDMR/Director Dealing
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group is pleased to announce a PDMR/Director Dealing, a share purchase by Kensington Trust Singapore Ltd ("Kensington"). Kensington is Bluebird's largest shareholder and is a party associated with CEO, Colin Patterson.
Kensington purchased 1,253,497 shares from Momentum Resources ("Momentum") that formed part of the shares issued to Momentum as a result of the Exercise of Warrants that was announced on 18 June 2020. Colin Patterson has a minority interest in Momentum and therefore is considered a related party.
The share purchase increases Kensington's stake to 69,930,300 shares, which represents 18% of the issued share capital. The PDMR Notification is set out below.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 ("MAR").
Enquiries:
Bluebird Merchant Ventures Ltd | |
Jonathan Morley-Kirk, Non-Executive Chairman |
PDMR Notification
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Kensington Trust Singapore Ltd |
2 | Reason for the notification | |
a) | Position/status | A party associated with Colin Patterson, Director |
b) | Initial notification/Amendment | Initial notification |
3 | Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Bluebird Merchant Ventures Ltd |
b) | LEI | 213800QLGKFZHML52C51 |
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 financial instrument, type of financial instrument
Identification code | Ordinary shares
VGG118701058 |
b) | Nature of the transaction | Share Purchase |
c) | Price(s) and volume(s) | Price(s) (pence) Volume(s)
626,749 at 2.0p 313,374 at 2.5p 313,374 at 3.0p |
d) | Aggregated information - Aggregated volume - Price |
1,253,497 at 2.38p per share |
e) | Date of the transaction | 04-8-2020 |
f) | Place of the transaction | XLON |
Related Shares:
Bluebird Mining Ventures