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On 19 July 2024, Armadale Capital Plc's Technical Director, Matt Bull, subscribed for 14,285,714 ordinary shares at 0.7 pence each and was issued 14,285,714 warrants exercisable at 1.2p per share within 36 months. Following these transactions, Mr. Bull's beneficial interest in the Company totals 62,068,988 ordinary shares, representing approximately 9.4% of total voting rights, in addition to the 14,285,714 warrants.
| Date | 25 Jul 2024 |
| Time | 10:31:32 |
| Category | Director/PDMR dealings |
| ID | 8549X |
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
Armadale Capital Plc
('Armadale' or 'the Company')
Director/PDMR Shareholding
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects announces that pursuant to the admission of the new ordinary shares on 19 July 2024 issued in connection with the Company led subscription (the "Subscription") (as announced on 16 July 2024), Matt Bull, Technical Director, subscribed for 14,285,714 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.7 pence per Ordinary Share.
In addition, and pursuant to the terms of the Subscription, Mr Bull has also been issued 14,285,714 warrants, with each warrant being exercisable within 36 months from admission, at a price of 1.2p per Ordinary Share (the "Warrants"). Each Warrant entitles each Warrant holder the right to subscribe for a further Ordinary Share in the Company.
Following the above transactions, Matt Bull's beneficial interest in the Company is 62,068,988 Ordinary Shares representing approximately 9.4 per cent. Of the Company's total voting rights. In addition, Mr Bull also holds warrants over 14,285,714 Ordinary Shares.
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Enquiries: |
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Armadale Capital Plc Matt Bull, Director Greg Entwistle, Non-executive director |
+44 (0) 20 7236 1177 |
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Nomad and broker: Cavendish Capital markets Limited Neil McDonald / Seamus Fricker |
+44 (0) 20 7220 0500 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Matthew Bull
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2
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Reason for the notification
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a)
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Position/status
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Technical Director |
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b)
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Initial notification /Amendment
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Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Armadale Capital plc |
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b)
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LEI
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213800495EK876JETD10 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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0.1p Ordinary Shares
ISIN: GB00BYMSY631
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b)
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Nature of the transaction
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Purchase of Ordinary Shares
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
N/A
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e)
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Date of the transaction
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19 July 2024 |
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f)
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Place of the transaction
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Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Matthew Bull
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2
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Reason for the notification
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a)
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Position/status
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Technical Director |
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b)
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Initial notification /Amendment
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Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Armadale Capital plc |
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b)
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LEI
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213800495EK876JETD10 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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0.1p Ordinary Shares
ISIN: GB00BYMSY631
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b)
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Nature of the transaction
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Issue of Warrants
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
N/A
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e)
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Date of the transaction
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19 July 2024 |
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f)
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Place of the transaction
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Outside a trading venue |
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