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Alien Metals Limited announced on 28 November 2022 that Artemis Resources Limited sold its remaining 215,617,818 shares, representing 4.26% of Alien's issued share capital, for 0.30 pence per share, ceasing to be a shareholder. Executive Chairman Rod McIllree acquired 51,333,333 shares, while Non-Executive Directors Mark Culbert and Dan Smith purchased 1,666,666 and 2,500,000 shares respectively. Additionally, PDMRs Troy Whittaker and Lloyd Edmunds each bought 11,666,666 shares, and other Company PDMRs and employees acquired a further 44,999,999 shares, all at 0.30 pence per share.
| Date | 28 Nov 2022 |
| Time | 10:11:58 |
| Category | Director/PDMR dealings |
| ID | 7781H |
Trading Symbols
AIM: UFO
FWB: I3A1
28 November 2022
Alien Metals Ltd ("Alien" or "the Company")
Director and PDMR share purchases. Holdings in Company.
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update shareholders of director and PDMR dealings in relation to the managed sell down of Artemis Resources Limited's remaining shareholding in Alien Metals Ltd.
Roderick ("Rod") McIllree, Executive Chairman, has purchased an additional 48,833,333 shares in Alien Metals Ltd. Accordingly, Rod now holds 127,404,762 shares in the Company representing 2.5% of the Company's issued share capital which has been purchased entirely "on market". Mark Culbert, an independent non-executive director, purchased an additional 1,666,666 shares and thereby holds 6,666,666 Shares in the Company. Dan Smith, non-executive director has purchased a further 2.5m shares and thereby holds 4,517,715 shares in the Company. Troy Whittaker, the CEO of Iron Ore Company of Australia Pty Limited ("IOCA"), the Company's 100% owned subsidiary, has purchased a further 11,666,666 shares and accordingly now holds 18,809,523 shares in total.
In addition, a further 44,999,999 shares were acquired by the Company PDMR's and employees. The balance went to existing shareholders of Alien Metals Ltd with the process managed by WH Ireland, the Company's broker at a price of 0.30 pence per share.
The shares were purchased from Artemis Resources Ltd, who after being released from escrow early, have now sold the remaining balance of their holding of 215,617,818 shares, representing 4.26% of the Company's total issued share capital.
Accordingly, Artemis Resources is no longer a shareholder in the Company.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Alien Metals Limited
Rod McIllree, Executive Chairman
Tel: +44 (0) 20 7138 3204
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
Tel: +44 (0) 207 628 3396
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204
Notes to Editors
Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in November 2022 exercised its option to move to 90% once certain CP's are satisfied. The Company also acquired 100% the Vivash Gorge Iron Ore project in the west Pilbara in July 2022.
The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 115km2 exploration tenement around the mine.
In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.
The Company also holds silver, copper and base metal projects in Mexico however is currently looking at the best way to divest these for the benefit of shareholders.
Roderick McIllree
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Roderick McIllree |
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2 |
Reason for notification |
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a) |
Position / status |
Executive Chairman |
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b) |
Initial notification/Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Alien Metals Limited |
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b) |
LEI |
213800KS2BKR6QBRHE44 |
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|
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 identification code |
51,333,333 Common Shares of Alien Metals Limited ISIN VGG017351021 |
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Nature of the transaction |
Director's share purchase |
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information |
n/a |
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e) |
Date of the transaction |
28th November 2022 |
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f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
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Mark Culbert
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mark Culbert |
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2 |
Reason for notification |
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a) |
Position / status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Alien Metals Limited |
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b) |
LEI |
213800KS2BKR6QBRHE44 |
||||
|
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 identification code |
1,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021 |
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|
Nature of the transaction |
Director's share purchase |
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c) |
Price(s) and volumes(s) |
|
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d) |
Aggregated information |
n/a |
||||
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e) |
Date of the transaction |
28 November 2022 |
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f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
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Dan Smith
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Dan Smith |
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2 |
Reason for notification |
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a) |
Position / status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Alien Metals Limited |
||||
|
b) |
LEI |
213800KS2BKR6QBRHE44 |
||||
|
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 identification code |
2,500,000 Common Shares of Alien Metals Limited ISIN VGG017351021 |
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|
Nature of the transaction |
Director's share purchase |
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c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
28 November 2022 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
||||
Troy Whittaker
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Troy Whittaker |
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2 |
Reason for notification |
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a) |
Position / status |
PDMR |
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b) |
Initial notification/Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Alien Metals Limited |
||||
|
b) |
LEI |
213800KS2BKR6QBRHE44 |
||||
|
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 identification code |
11,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021 |
||||
|
|
Nature of the transaction |
PDMR share purchase |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
28th November 2022 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
||||
Lloyd Edmunds
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Lloyd Edmunds |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
PDMR |
||||
|
b) |
Initial notification/Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Alien Metals Limited |
||||
|
b) |
LEI |
213800KS2BKR6QBRHE44 |
||||
|
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 identification code |
11,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021 |
||||
|
|
Nature of the transaction |
PDMR share purchase |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
28 November 2022 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
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