Bluebird Merchant Ventures Ltd
(the “Company” or “Bluebird”)
PDMR/Director Dealing
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group is pleased to announce a PDMR/Director Dealing, a share purchase by Kensington Trust Singapore Ltd (“Kensington”). Kensington is Bluebird’s largest shareholder and is a party associated with CEO, Colin Patterson.
Kensington purchased 1,253,497 shares from Momentum Resources (“Momentum”) that formed part of the shares issued to Momentum as a result of the Exercise of Warrants that was announced on 18 June 2020. Colin Patterson has a minority interest in Momentum and therefore is considered a related party.
The share purchase increases Kensington’s stake to 69,930,300 shares, which represents 18% of the issued share capital. The PDMR Notification is set out below.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”).
Enquiries:
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Bluebird Merchant Ventures Ltd |
jmk@bluebirdmv.com |
|
Jonathan Morley-Kirk, Non-Executive Chairman |
PDMR Notification
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Kensington Trust Singapore Ltd |
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2 |
Reason for the notification |
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a) |
Position/status |
A party associated with Colin Patterson, Director |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer; emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
Bluebird Merchant Ventures Ltd |
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b) |
LEI |
213800QLGKFZHML52C51 |
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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 |
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|
a) |
Description of financial instrument, type of financial instrument
Identification code |
Ordinary shares
VGG118701058 |
|
b) |
Nature of the transaction |
Share Purchase |
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c) |
Price(s) and volume(s) |
Price(s) (pence) Volume(s)
626,749 at 2.0p 313,374 at 2.5p 313,374 at 3.0p |
|
d) |
Aggregated information – Aggregated volume – Price |
1,253,497 at 2.38p per share |
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e) |
Date of the transaction |
04-8-2020 |
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f) |
Place of the transaction |
XLON |