Non-Executive Director Share Sale
Ferro-Alloy Resources Limited announced that non-executive director James Turian sold 512,765 ordinary shares for gross proceeds of £27,424, at an average price of 5.35 pence per share, to cover personal tax liabilities. Following this disposal, Mr. Turian holds 1,150,000 shares, representing 0.2% of the company's issued share capital. These shares were previously received in lieu of cash fees for services rendered.
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Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan (the "Project"), announces that James Turian, one of the Company's non-executive directors, has sold 512,765 shares in the Company for gross proceeds of £27,424.
Summary
As previously announced, James Turian, one of the Company's non-executive directors, has accepted on a number of occasions, Company shares in lieu of cash in settlement of fees owed to him by the Company with respect to services provided.
Mr Turian has sold 512,765 shares in the Company for gross proceeds of £27,424 to cover his local personal tax and social security liabilities.
Following the disposal, Mr Turian holds 1,150,000 shares in the Company, representing 0.2% of the Company's issued share capital.
| a. | Name | James Turian |
| 2. | Reason for the notification | |
| a. | Position/status | Non-executive director |
| b. | Initial notification/Amendment | Initial notification |
| a. | Name | Ferro-Alloy Resources Limited |
| b. | LEI | 2138003T5CF6U9W7Z780 |
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares NPV GG00BGDYDZ69 |
| b. | Nature of the transaction | Sale of shares |
| c. | Price(s) and volume(s) | Price Volume 5 .20p 5 .22p 5.41p 5.42p 5.46p 1 00,000 102,765 55,000 105,000 150,000 |
| d. | Aggregated information - Aggregated volume - Price | 512,765 5.35 pence |
| f. | Place of the transactions | London |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.