URU Metals Limited
(“URU” or “the Company”)
PCA Dealing & Holdings in the Company
URU announces that it has been informed by Captor Capital Corporation (“Captor”) that on 30 November 2021 it disposed 19,309 depositary interests of no par value each in the Company (“Ordinary Shares”). As a result of the sale of 19,309 Ordinary Shares, Captor now holds 99,202 Ordinary Shares representing 6.02% of the issued share capital of the Company. The Company was notified that the 19,309 Ordinary Shares were purchased by Lexinter International Limited, a substantial shareholder in the Company.
As a result of the purchase of the 19,309 Ordinary Shares from Captor, Lexinter Internal Limited now holds 254,603 Ordinary Shares in the Company representing approximately 15.46% of the issued share capital of the Company.
As a result of the sale of Ordinary Shares by Captor, John Zorbas now holds a beneficial interest in 6.02% of the issued share capital of the Company, indirectly through Captor Capital Corporation. John Zorbas exercises control over Captor Capital Corporation due to his position as Chief Executive Officer and his shareholding in Captor Capital Corporation.
Following the sale of Ordinary Shares by Captor, John Zorbas’ resulting beneficial interest, direct and indirect, in the issued share capital of the Company is 603,434 Ordinary Shares representing approximately 36.65% of the issued share capital of the Company.
Dealings by Persons Closely Associated (“PCA”) with a Person Discharging Managerial Responsibilities (“PDMR”)
|1||Details of the person discharging managerial responsibilities / person closely associated|
|a)||Name||1) Captor Capital Corporation.|
|2||Reason for the notification|
|a)||Position/status||1) PCA of John Zorbas – CEO of URU Metals Limited|
|b)||Initial notification /Amendment||Initial Notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||URU Metals Limited|
|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||Depositary interests of no par value each|
|Identification code||ISIN: VGG930042012|
|b)||Nature of the transaction||1. Sale of Ordinary Shares|
|c)||Price(s) and volume(s)||Price(s)Volume(s)215 pence19,309|
|d)||Aggregated information||Price(s)Volume(s)215 pence19,309|
|– Aggregated volume||Single transaction as per 4.c) above|
|e)||Date of the transaction||30 November 2021|
|f)||Place of the transaction||Outside a trading venue|
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
|URU Metals Limited|
(Chief Executive Officer)
|+1 416 504 3978|
|SP Angel Corporate Finance LLP|
(Nominated Adviser and Broker)
|+ 44 (0) 203 470 0470|