Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update shareholders of director and PDMR dealings in relation to the managed sell down of Artemis Resources Limited’s remaining shareholding in Alien Metals Ltd.
Roderick (“Rod”) McIllree, Executive Chairman, has purchased an additional 48,833,333 shares in Alien Metals Ltd. Accordingly, Rod now holds 127,404,762 shares in the Company representing 2.5% of the Company’s issued share capital which has been purchased entirely “on market”. Mark Culbert, an independent non-executive director, purchased an additional 1,666,666 shares and thereby holds 6,666,666 Shares in the Company. Dan Smith, non-executive director has purchased a further 2.5m shares and thereby holds 4,517,715 shares in the Company. Troy Whittaker, the CEO of Iron Ore Company of Australia Pty Limited (“IOCA”), the Company’s 100% owned subsidiary, has purchased a further 11,666,666 shares and accordingly now holds 18,809,523 shares in total.
In addition, a further 44,999,999 shares were acquired by the Company PDMR’s and employees. The balance went to existing shareholders of Alien Metals Ltd with the process managed by WH Ireland, the Company’s broker at a price of 0.30 pence per share.
The shares were purchased from Artemis Resources Ltd, who after being released from escrow early, have now sold the remaining balance of their holding of 215,617,818 shares, representing 4.26% of the Company’s total issued share capital.
Accordingly, Artemis Resources is no longer a shareholder in the Company.
For further information please visit the Company’s website at www.alienmetals.uk or contact:
Alien Metals Limited
Rod McIllree, Executive Chairman
Tel: +44 (0) 20 7138 3204
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