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Director/PDMR Dealing

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Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

23 January 2017

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Director/PDMR Dealing

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.   Details of the person discharging managerial responsibilities / person closely associated
a) Names   William Frewen – Non-Executive Chairman

Steve Mahede – Non-Executive Director

Nicholas Johansen – Non-Executive Director

2. Reason for the Notification
a) Position/status See 1(a) above for positions – all classified as PDMRs of the Company
b) Initial notification/ Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Armadale Capital plc
b) LEI n/a
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 of 0.1p (“Ordinary Shares”)
Identification code GB00BYMSY631
b) Nature of the transaction Placing for cash
c) Price(s) and volume(s) Price: 2.5p per Ordinary Shares

Volumes(s):

William Frewen – 1,000,000 Ordinary Shares

Steve Mahede – 250,000 Ordinary Shares

Nicholas Johansen – 300,000 Ordinary Shares

d) Aggregated information:

 

  • Aggregated volume
  • Price
William Frewen – 1,000,000 Ordinary Shares at 2.5p per Ordinary Share

Steve Mahede – 250,000 Ordinary Shares at 2.5p per Ordinary Share

Nicholas Johansen – 300,000 Ordinary Shares at 2.5p per Ordinary Share

e) Date of the transaction 23 January 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)

**ENDS**

Enquiries:  
Armadale Capital Plc

Charles Zorab, Company Secretary

+44 20 7233 1462
Nomad and broker: finnCap Ltd

Christopher Raggett / Simon Hicks

+44 20 7220 0500
Joint Broker: Beaufort Securities Limited

Jon Belliss

+44 20 7382 8300
Press Relations: St Brides Partners Ltd

Charlotte Page / Susie Geliher

+44 20 7236 1177

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The project is located in a highly prospective region with proven coarse flake, high grade graphite.

Other assets Armadale has an interest in include the Mpokoto Gold project in the DRC and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com

Copyright Business Wire 2017

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