RNS Number : 3378Z
Andrada Mining Limited
04 March 2025
 

The information contained within this announcement is deemed by the company to constitute inside information as stipulated under the market abuse regulations (EU) no. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (withdrawal) act 2018. Upon the publication of this announcement via regulatory information service (RIS), this inside information will be in the public domain.

Andrada Mining Limited

("Andrada" or the "Company")

PDMR Trading

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia, has received notice that Chief Strategy Officer, Frans Van Daalen sold 7 382 811 shares at a price of 1.96 pence on 3 March 2025. Notice was also received that Chief Operational Officer, Chris Smith sold 655 673 shares at a price of 1.96 pence on 3 March 2025. The sale of the shares was undertaken solely to meet taxation obligations.

Number of shares sold by PDMRs

Executive Director/ PDMR

Role

Number of Shares Sold

Previous Holding

New Holding

Resulting Interest in the Share Capital of the Company (%)

Frans Van Daalen

CSO

7 382 811

7 724 521

341 710

0.02

Christoffel Smith

COO

655 673

3 297 518

2 641 845

0.17

 

 CONTACTS

Andrada Mining Limited

Anthony Viljoen, CEO

Sakhile Ndlovu, Head of Investor Relations

+27 (11) 268 6555

 

NOMINATED ADVISOR & BROKER


Zeus Capital

Katy Mitchell

Andrew de Andrade

Harry Ansell

 +44 (0) 20 2382 9500

CORPORATE BROKER & ADVISOR


H&P Advisory Limited

Andrew Chubb

Jay Ashfield

Matt Hasson

+44 (0) 20 7907 8500

Berenberg

Jennifer Lee

Natasha Ninkov

+44 (0) 20 3753 3040

FINANCIAL PUBLIC RELATIONS


Tavistock

Emily Moss

Josephine Clerkin

+44 (0) 207 920 3150

andrada@tavistock.co.uk

About Andrada Mining Limited

Andrada Mining Limited is listed on the London Stock Exchange (AIM), New York (OTCQB) and Namibia Stock Exchange, and has mining assets in Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to produce critical raw materials from a large resource portfolio, to contribute to a more sustainable future, improved living conditions and the upliftment of communities adjacent to its operations. Leveraging its strong foundation in Namibia, Andrada is on a strategic path to becoming a leading African producer of critical metals including tin, lithium, tungsten, tantalum and copper. These metals are important enablers of the green energy transition, being essential for components of electric vehicles, solar panels and wind turbines.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Frans van Daalen

2

Reason for the notification

a)

Position/status

Chief Strategy Officer

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor

a)

Name

Andrada Mining plc

b)

LEI

213800FKOXWBL6JBVH90

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 share

 

GG00BD95V148

b)

Nature of the transaction

Change of exercise price of existing options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.96p

7 382 811

d)

Aggregated information

-    Aggregated volume

-     Price

Price(s)

Volume(s)

1.96p

7 382 811

e)

Date of the transaction

3 March 2025

f)

Place of the transaction

XLON, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Smith

2

Reason for the notification

a)

Position/status

Chief Operational Officer

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor

a)

Name

Andrada Mining plc

b)

LEI

213800FKOXWBL6JBVH90

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 share

 

GG00BD95V148

b)

Nature of the transaction

Change of exercise price of existing options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.96p

655 673

d)

Aggregated information

-    Aggregated volume

-     Price

Price(s)

Volume(s)

1.96p

655 673

e)

Date of the transaction

3 March 2025

f)

Place of the transaction

XLON, AIM

 

 

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