REG - Rainbow Rare Earths - Director/PDMR Shareholding
RNS Number : 5464RRainbow Rare Earths Limited30 June 2020FOR IMMEDIATE RELEASE
30 June 2020
Rainbow Rare Earths Limited
("Rainbow" or the "Company") (LSE: RBW)
Director/PDMR Shareholding
The Company announces that Adonis Pouroulis, Non-Exectuive Chairman, has acquired 1,329,186 ordinary shares of no par value ("Ordinary Shares") from Shawn McCormick, Non-Executive Director, at a price of 3 pence per share.
As a result of this transaction the beneficial ownership of Adonis Pouroulis and Shawn McCormick in the Ordinary Shares of the Company are as follows:
Total shares held prior to transaction
Total shares held post
transaction
No
%
No
%
Adonis Pouroulis1
75,149,678
17.8%
76,478,864
18.1%
Shawn McCormick1
10,645,757
2.5%
9,316,571
2.2%
1. Shares held via a discretionary trust
1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Full name of person Dealing
Adonis Pouroulis
2.
Reason for 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 of entity
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
Ordinary Shares of no par value each
(b)
Identification code
GG00BD59ZW98
(c)
Nature of the transaction
Purchase of Ordinary Shares
(d)
Price(s) and volume(s)
Prices(s)
Volume(s)
3 pence
1,329,186
(e)
Aggregated information:
- Aggregated volume
- Price
N/A single transaction
(f)
Date of transaction
30 June 2020
(g)
Place of transaction
Outside a Trading Venue
1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Full name of person Dealing
Shawn McCormick
2.
Reason for 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 of entity
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
Ordinary Shares of no par value each
(b)
Identification code
GG00BD59ZW98
(c)
Nature of the transaction
Sale of Ordinary Shares
(d)
Price(s) and volume(s)
Prices(s)
Volume(s)
3 pence
1,329,186
(e)
Aggregated information:
- Aggregated volume
- Price
N/A single transaction
(f)
Date of transaction
30 June 2020
(g)
Place of transaction
Outside a Trading Venue
**ENDS**
For further information, please contact
Rainbow Rare Earths Ltd
Company
George Bennett
Pete Gardner
+27 82 652 8526
+44 (0) 20 3910 4551
SP Angel Corporate Finance LLP
Joint Broker
Ewan Leggat
Charlie Bouverat
+44 (0) 20 3470 0470
Turner Pope Investments
Joint Broker
Andy Thacker
Zoe Alexander
+44 (0) 20 3657 0050
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