RNS Number : 5741E
Rainbow Rare Earths Limited
06 November 2020
FOR IMMEDIATE RELEASE
6 November 2020
Rainbow Rare Earths Limited
("Rainbow" or the "Company") (LSE: RBW)
Director/PDMR Shareholding
The Company announces that Cesare Morelli, Chief Geologist, has sold 640,315 ordinary shares of no par value ("Ordinary Shares") at an aggregate price of 6.51 pence per share.
As a result of this transaction the beneficial ownership of Cesare Morelli in the Ordinary Shares of the Company is as follows:
|
|
Total shares held prior to transaction
|
Total shares held post
transaction
|
|
|
No
|
%
|
No
|
%
|
|
Cesare Morelli1
|
1,889,995
|
0.45%
|
1,249,680
|
0.30%
|
1. Shares held via a discretionary trust
|
1.
|
Details of the person discharging managerial responsibilities/person closely associated
|
|
(a)
|
Full name of person Dealing
|
Cesare Morelli
|
|
2.
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Reason for notification
|
|
(a)
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Position/status
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Chief Geologist
|
|
(b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
(a)
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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)
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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)
|
|
6.51 pence
|
640,315
|
|
|
(e)
|
Aggregated information:
- Aggregated volume
- Price
|
N/A single transaction
|
|
(f)
|
Date of transaction
|
6 November 2020
|
|
(g)
|
Place of transaction
|
London Stock Exchange
|
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.
**ENDS**
For further information, please contact
|
Rainbow Rare Earths Ltd
|
Company
|
George Bennett
Pete Gardner
|
+27 82 652 8526
|
|
SP Angel Corporate Finance LLP
|
Broker
|
Ewan Leggat
Charlie Bouverat
|
+44 (0) 20 3470 0470
|
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