Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

DIRECTORS' DEALINGS

20th May 2014 12:01

RNS Number : 5838H
Amara Mining PLC
20 May 2014
 



20 May 2014 AIM:AMA

 

 

 

Amara Mining plc

("Amara" or "the Company")

 

DIRECTORS' DEALINGS

 

Amara Mining plc, the AIM-listed West African-focused gold mining company, announces that it has received notification today that two Directors have acquired ordinary shares of 1 penny each in the Company ("Ordinary Shares") as follows.

 

On 19 May 2014, John McGloin, Executive Chairman, acquired 587,841 Ordinary Shares at 17.00 pence per share. Following this transaction, Mr McGloin and persons connected to him are interested in 871,906 Ordinary Shares representing approximately 0.27 per cent of the Company's issued ordinary share capital, all of which are held beneficially.

 

On 19 May and 20 May, Pete Gardner, Finance Director, acquired 261,820 Ordinary Shares and 325,000 Ordinary Shares respectively, for a total of 586,820 Ordinary Shares at an average price of 16.98 pence per share. Following this transaction, Mr Gardner and persons connected to him are interested in 755,109 Ordinary Shares representing approximately 0.23 per cent of the Company's issued ordinary share capital, all of which are held beneficially.

 

For more information please contact:

Amara Mining plc

Catherine Apthorpe, Company Secretary

Katharine Sutton, Head of Investor Relations

 

+44 (0)20 7398 1420

Peel Hunt LLP

(Nominated Adviser & Joint Broker)

Matthew Armitt

Ross Allister

 

+44 (0)20 7418 8900

GMP Securities Europe LLP

(Joint Broker)

Richard Greenfield

David Wargo

 

+44 (0)20 7647 2800

 

Farm Street Communications

(Media Relations)

Simon Robinson

+44 (0)7593 340 107

 

 

About Amara Mining plc

Amara is a gold developer-producer with assets in West Africa. The Company generates cash flow through its Kalsaka/Sega gold mine in Burkina Faso. Amara is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be done by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production and a project pipeline spanning four countries, Amara aims to further increase its production profile with highly prospective opportunities across all assets.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBBLFLZEFEBBK

Related Shares:

Amara Mining
FTSE 100 Latest
Value8,275.66
Change0.00