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On 2 May 2023, Nicholas Bridgen, CEO of Ferro-Alloy Resources Limited, purchased 6,400,000 ordinary shares in the company. The shares were acquired at a price of 10.15p per ordinary share. Following this purchase, Mr. Bridgen holds a beneficial interest of 59,472,133 shares, representing 13.22% of the company's issued share capital.
| Date | 2 May 2023 |
| Time | 14:25:02 |
| Category | Director/PDMR dealings |
| ID | 1521Y |
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
2 May 2023
Ferro-Alloy Resources Limited
("Ferro-Alloy" or "the Company")
Director Share Purchase
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce it has been informed that on 2 May 2023, Nicholas Bridgen, CEO, purchased 6,400,000 ordinary shares in the Company at a price of 10.15p per ordinary share. Following this purchase Mr Bridgen has a beneficial interest of 59,472,133 shares representing 13.22% of the issued share capital of the Company.
- Ends -
For further information, visit www.ferro-alloy.com or contact:
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Ferro-Alloy Resources Limited |
Nick Bridgen (CEO) / William Callewaert (CFO)
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info@ferro-alloy.com
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Shore Capital (Joint Corporate Broker) Liberum Capital Limited (Joint Corporate Broker) |
Toby Gibbs/John More
Scott Mathieson/William King
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+44 207 408 4090
+44 20 3100 2000
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St Brides Partners Limited (Financial PR & IR Adviser) |
Catherine Leftley/Ana Ribeiro |
+44 207 236 1177 |
Details of the full notifications received by the Company are set out below:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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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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Nicholas Bridgen |
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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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CEO of Ferro-Alloy Resources Limited
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b)
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Initial notification /Amendment
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Initial notification |
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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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FERRO-ALLOY RESOURCES LIMITED
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b)
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LEI
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2138003T5CF6U9W7Z780 |
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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 |
Ordinary Shares |
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Identification code |
GG00BGDYDZ69 |
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b)
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Nature of the transaction
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Off market purchase of shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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10.15p |
6,400,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A Single transaction |
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- Price |
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e)
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Date of the transaction
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2 MAY 2023 |
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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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