2nd Jul 2021 07:00
2 July 2021
Pembridge Resources plc
Director/PDMR Shareholding
London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") announces an increase in the shareholding of its Chairman and CEO, Gati Al-Jebouri, who is one of the Company's major shareholders.
The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 281,363 Pembridge shares at an average price of 6.03p per share between 29 June and 1 July 2021. As a result Mr Al-Jebouri's holding has increased from 20.71% to 21.02% of the issued share capital of the Company.
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:
"I am pleased to have further increased my holding in the Company. I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."
Enquiries:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board
David James, Chief Financial Officer
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
PDMR Notification Form
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Gati Al-Jebouri | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman & CEO | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Pembridge Resources plc | |||
b)
| LEI
| 213800TBL26T6GO88M13 | |||
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 | GB00BG107324 | ||||
b)
| Nature of the transaction
| Purchase on market | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.06 | 98,058 | ||||
0.06 | 100,000 | ||||
0.06 | 83,305 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 281,363 | ||||
- Price | £ 16,966.18 | ||||
e)
| Date of the transaction
| 1/07/2021 | |||
f)
| Place of the transaction
| London UK | |||
Related Shares:
PERE.L