Director/PDMR Shareholding

09.11.2016

Highland Gold Mining Limited (“Highland Gold” or the “Company”) has been informed that the persons behind its largest shareholder, Primerod International Limited, have reorganised and simplified their indirect holdings in the Company by exchanging their shares in Primerod for their pro rata shareholding in Highland Gold.

Executive Chairman Eugene Shvidler and Non-Executive Director Valery Oyf, the latter via Matteson Overseas Limited, were among the recipients of Highland Gold shares as a result of this exchange. Messrs Shvidler and Oyf no longer hold any shares in the Company via Primerod.

The former and current distribution of shares are as follows:

Shareholder

Direct shareholding prior to the exchange

Shareholding via Primerod prior to the exchange

Current direct shareholding

 

(number of shares,

percentage of share capital)

Primerod International Limited

104 080 000

32.00%

n.a.

26 025 310

8.00%

Eugene Shvidler

36 916 144

11.35%

3 937 516

1.21%

40 853 660

12.56%

Denalot Worldwide Limited

n.a.

32 519 690

9.99%

32 519 690

9.99%

Erlinad Holdings Limited

310 622

0.10%

14 390 653

4.43%

14 701 275

4.52%

Matteson Overseas Limited

310 622

0.10%

14 196 831

4.37%

14 507 453

4.46%

New Evolution Trading Limited

310 622

0.10%

6 505 000

2.00%

6 815 622

2.10%

Frazar Worldwide Holdings Ltd.

n.a.

6 505 000

2.00%

6 505 000

2.00%

Total

141 928 010

43.64%

 

141 928 010

43.64%

All of the above parties have agreed to be bound by the terms of the relationship agreement with Highland Gold entered into at the time of the original subscription by Primerod.

The total number of Highland Gold ordinary shares in issue remains unchanged at 325,222,098.

PDMR disclosure forms for Messrs Shvidler and Oyf can be found here.

FOR FURTHER INFORMATION PLEASE CONTACT:

Highland Gold

John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202

Numis Securities Limited
(Nominated Adviser and Broker)

John Prior, James Black

Paul Gillam

+44 (0) 207 260 1000

 

Peat & Co
(Joint Broker)

Charlie Peat
+44 (0) 207 104 2334