REG - Neo Energy Metals - Directors Share Purchases

Neo Energy MetalsAnnouncement

10/05/2024 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240510:nRSJ0298Oa&default-theme=true

RNS Number : 0298O  Neo Energy Metals PLC  10 May 2024

Neo Energy Metals plc / LSE: NEO,  A2X: NEO / Market: Main Market of the
London Stock Exchange

 

 

10 May 2024

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Directors Share Purchases

 

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased
to announce that Non-Executive Directors, James Longley and Charles Tatnall
have purchased an aggregate 20,919,849 ordinary shares of £0.0001 in the
Company ("Ordinary Shares") through a series of on and off market transactions
at an average price of approx. 0.55 pence per Ordinary Share.

 

James Longley acquired 10,919,849 Ordinary Shares between 9 April 2024 and 17
April 2024 through three on-market acquisitions at an average price of 0.5453
pence per Ordinary Share. The purchase by Mr Longley has increased his
shareholding in the Company from 46,867,797 Ordinary Shares to 57,787,646
Ordinary Shares and representing 4.14% of the Company's issued share capital.

 

Charles Tatnall acquired 10,000,000 Ordinary Shares at a price of 0.55 pence
per Ordinary Share through an off-market acquisitions on 25 April 2024. The
purchase by Mr Tatnall has increased his shareholding in the Company from
51,522,797 Ordinary Shares to 61,522,797 Ordinary Shares and representing
4.41% of the Company's issued share capital.

 

Neo Energy CEO Sean Heathcote said

"I am delighted to see our non-executive directors, James Longley and Charles
Tatnall, demonstrate their support and underlying confidence in the Company
and its future, by making these purchases of additional shares.

 

"These purchases have increased their respective shareholdings in the Company
by almost 20% and when combined with the other holdings held by directors, the
Board collectively now have over a 40% shareholding in the Company. This major
holding by the Board is a great sign of belief in the Company and its strategy
and firmly aligns our interests with shareholders.

 

Refer to the attached tables - 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)   Name                                                         James Longley

 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Neo Energy Metals plc

 b)   LEI                                                          213800WE14587VRQ5Y10

 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 £0.0001

      Identification code

                                                                   GB00BYWLRL80
 b)   Nature of the transaction                                    Purchase of 10,919,849 ordinary shares

 c)   Price(s) and volume(s)

Price(s)    Volume(s)

                                                                   0.55 pence  10,919,849

 
 d)   Aggregated information

      - Aggregated volume                                          Three Transactions

      - Average Price                                              0.55 pence

 e)   Date of the transaction                                      9-17 April 2024 via the London Stock Exchange

 

d)

 

Aggregated information

 

- Aggregated volume

- Average Price

 

 

 

Three Transactions

0.55 pence

 

e)

 

Date of the transaction

 

9-17 April 2024 via the London Stock Exchange

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Charles Tatnall

 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Neo Energy Metals plc

 b)   LEI                                                          213800WE14587VRQ5Y10

 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 £0.0001

      Identification code

                                                                   GB00BYWLRL80
 b)   Nature of the transaction                                    Purchase of 10,000,000 ordinary shares

 c)   Price(s) and volume(s)

Price(s)    Volume(s)

                                                                   0.55 pence  10,000,000

 
 d)   Aggregated information

      - Aggregated volume                                          Three Transactions

      - Price                                                      0.55 pence

 e)   Date of the transaction                                      25 April 2024 in an off market transaction

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

Three Transactions

0.55 pence

 

e)

 

Date of the transaction

 

25 April 2024 in an off market transaction

 

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation, and the Directors of the Company are responsible for
the release of this announcement.

 

 

ENDS

 

About NEO Energy Metals Plc

Neo Energy Metals plc is a Uranium developer and mining company listed on the
main market of the London Stock Exchange (LSE: NEO). The Company holds up to a
70% stake in the Henkries Uranium Project, an advanced, low-cost mine located
in South Africa's Northern Cape Province. It has been estimated by some that
the historical investment in the project was over US$30 million in exploration
and feasibility studies, Neo Energy aims to increase the project's mineral
resources and complete an updated feasibility study ahead of a determination
of the development schedule at the end of 2024 to bring Henkries into
production.

 

The company is led by a proven board and management team with experience in
uranium and mineral project development in Southern Africa. Neo Energy's
strategy focuses on an accelerated development and production approach to
generate cash flow from Henkries while planning for long-term exploration and
portfolio growth in the highly prospective Uranium district of Africa.

 

The Company's shares are also listed on the A2X Markets (A2X: NEO), an
independent South African stock exchange, to expand its investor base and
facilitate strategic acquisitions of uranium projects, particularly within
South Africa.

 

For Enquiries Contact:

 

 Sean Heathcote              Chief Executive Officer  sean@neoenergymetals.com

 Jason Brewer                Executive Chairman       jason@neoenergymetals.com

 Faith Kinyanjui Mumbi       Investor Relations       faith@neoenergymetals.com

 Tel: +44 (0) 20 7236 1177

 Tel: +44 (0) 77 1242 4838

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQKKBPBBKDFPD