06 January 2021
Shanta Gold Limited
("Shanta Gold" or the "Company")
Director/PDMR Shareholding
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR')
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Ketan Patel | |
| 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 | Shanta Gold Limited | |
| b. | LEI | 2138004VR5BVV1VD7P81 | |
| 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 0.01 pence each
| |
| b. | Nature of the transaction | Purchase of shares | |
| c. | Price(s) and volume(s) | Price(s) £0.17 £0.16 | Volume(s) 240,000 16,251 |
| d. | Aggregated information · Aggregated volume · Price |
256,251 £43,400.16 | |
| e. | Date of the transaction | 31 December 2020 | |
| f. | Place of the transaction | London Stock Exchange | |
Following the purchase, Ketan Patel holds 44,530,268 ordinary shares in the Company which represents 4.27% of the Company's issued share capital.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
| Shanta Gold Limited |
|
| Eric Zurrin (CEO) | +44 (0) 14 8173 2153 |
| Luke Leslie (CFO) |
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| Nominated Adviser and Joint Broker |
|
| Liberum Capital Limited |
|
| Scott Mathieson / Ed Thomas / Louis Davies / Nikhil Varghese | +44 (0) 20 3100 2000 |
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| Joint Broker |
|
| Tamesis Partners LLP |
|
| Charlie Bendon / Richard Greenfield | +44 (0) 20 3882 2868 |
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km2 in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined ore resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 84,506 ounces in 2019. The Company has been admitted to trading on London's AIM market and has approximately 1,043 million shares in issue. For further information please visit: www.shantagold.com.
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