Director Share Purchase
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
29 October 2019
Vast Resources plc
(“Vast” or the “Company”)
Director Share Purchase
Vast Resources plc, the AIM-listed mining company, announces that it was notified that on 29 October 2019 Mr Andrew Prelea, Chief Executive Director of the Company, purchased 4,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.2725 pence per Ordinary Share.
Following this purchase, Mr Prelea’s total beneficial ownership in the Company is 43,179,476 Ordinary Shares, which represents approximately 0.42% of the Company’s issued share capital.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares.
**ENDS**
For further information, visit or please contact:
| Vast Resources plc Andrew Prelea (Chief Executive Officer) Andrew Hall | +44 (0) 1491 615 232 |
| Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddle | +44 (0) 020 7628 3396 |
| SP Angel Corporate Finance LLP – Broker Richard Morrison Caroline Rowe | +44 (0) 20 3470 0470 |
| Blytheweigh Tim Blythe Megan Ray | +44 (0) 20 7138 3204 |
ABOUT VAST RESOURCES PLC
Vast Resources plc, is an AIM listed mining company with mines in Romania and Zimbabwe focused on the rapid advancement of high quality brownfield projects by recommencing production at previously producing mines in Romania and commencement of the joint venture mining agreement on the Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.
The Company’s portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards developing and recommissioning the mine on completion of funding and the commencement of the of the Community Concession Block in Chiadzwa, Zimbabwe
Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance, and is focused on its expansion through the development of a second open pit operation and new metallurgical complex at the Carlibaba Extension Area.
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Andrew Prelea
2.
Reason for the notification
a)
Position/status:
Chief Executive Officer
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name:
Vast Resources Plc
b)
LEI:
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 £0.1 each
b)
Nature of the transaction:
Purchase of ordinary shares
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| £0.002725 | 4,000,000 |
d)
Aggregated information:
Aggregated volume:
Price:
| Price(s) | Volume(s) |
| £0.002725 | 4,000,000 |
e)
Date of the transaction:
29-10-2019
f)
Place of the transaction:
AIM, London Stock Exchange
Attachment
