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Company Announcements

Director/PDMR Shareholding

By LSE RNS

RNS Number : 3996D
Rainbow Rare Earths Limited
25 June 2019
 

Rainbow Rare Earths Limited
("Rainbow" or the "Company")

 

Director/PDMR Shareholding

 

Pella Ventures Limited, Rainbow’s largest shareholder, in which Chairman of the Company Adonis Pouroulis has a beneficial interest, has today transferred in 500,000 shares of the Company at 10p per Ordinary Share relating to a prior agreement.  Following this transaction the Trustees of the Zeus Settlement have been notified by the Directors of Pella Ventures Limited of an oversight in which certain transfers were effected in 2018 and not notified to the Trustees.  The updated beneficial interest for Adonis Pouroulis is now 47,217,287 Ordinary Shares, representing 21.59 per cent. of the issued share capital of the Company.

 

 

  

For further information, please contact:

 

Rainbow Rare Earths Ltd

Martin Eales

Tel: +44 (0) 20 3910 4550

Arden Partners plc

Paul Shackleton

Benjamin Cryer

Tel: +44 (0) 20 7614 5900

St Brides Partners Ltd

Priit Piip

Isabel de Salis

Tel: +44 (0) 20 7236 1177

 

 

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)  

Name

Adonis Pouroulis

2.  

Reason for the notification

a)  

Position/status

Non-Executive Chairman

b)  

Initial notification/Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)  

Name

Rainbow Rare Earths Limited

b)  

LEI

213800HONYSAXTG6KS11

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

Ordinary Shares of No Par Value

 

 

GG00BD59ZW98

b)  

Nature of the transaction

Sale and Purchase of Shares of No Par Value

c)  

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.10

1,126,016

d)  

Aggregated information

 

-     Aggregated volume

-     Price

 

 

 

Sale 1,626,016 shares at 10p

Purchase 500,000 shares at 10p

 

e)  

Date of the transaction

Sale Transactions 31 January 2018

Purchase Transaction 25 June 2019

 

f)   

Place of the transaction

Outside of a trading venue

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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