Director/PDMR Shareholdings

15 February 2019

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) has been informed that its shareholder Aristus Holdings Limited ("Aristus") has sold the 38,621,343 ordinary shares of £0.001 each it held in the Company (“Ordinary Shares”) to its underlying beneficiaries.

Executive Chairman Eugene Shvidler and Non-Executive Director Valery Oyf, the latter via Matteson Overseas Limited, were among the participants in this transaction.

The holdings in question are as follows:

Name

Percentage of Issued Share Capital Previously Held Directly

Percentage of Issued Share Capital Previously Held Directly & Indirectly

Number of Ordinary Shares Acquired from Aristus

New Percentage of Issued Share Capital Held Directly

Eugene Shvidler

11.23%

12.29%

3,861,169

12.29%

Matteson Overseas Limited (Valery Oyf)

3.99%

4.52%

1,932,033

4.52%

The shares sold by Aristus, which were issued by Highland Gold as consideration for its recent acquisition of the Valunisty mine and related assets, are subject to a six-month Lock-in Agreement (effective from the date of Admission of the consideration shares). Messrs Shvidler and Oyf, as well as the other Aristus beneficiaries, continue to be bound by both the Lock-in Agreement and the Relationship Agreement with the Company, as described in the Company’s circular of 26 April 2018.

FOR FURTHER INFORMATION PLEASE CONTACT:

Highland Gold Mining Ltd.

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 Joint Broker)

John Prior, James Black, Paul Gillam

+44 (0) 207 260 1000

 

BMO Capital Markets Limited

(Joint Broker)

Jeffrey Couch, Tom Rider, Pascal Lussier Duquette

+44 (0) 207 236 1010

 

Peat & Co

(Joint Broker)

Charlie Peat

+44 (0) 207 104 2334

 

 

 

HIGHLAND GOLD MINING LIMITED

DIRECTORS’ DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM

 FOR USE BY PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Eugene Shvidler

2. 

Reason for the notification

 

a)

Position/status:

Executive Chairman

b)

Initial notification/Amendment:

Initial notification

3. 

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

a)

Company name:

Highland Gold Mining Ltd.

b)

LEI:

213800QQFH2CBTW5BX79

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 shares of 0.1p each

GB0032360173

b)

Nature of the transaction:

Distribution of ordinary shares

c)

 

Price(s)

Volume

£1.641*

3,861,169

d)

Aggregated information:

Price

Total Volume

£6,336,178*

3,861,169

e)

Date of the transaction:

12 February 2019

f)

Place of the transaction:

Outside a trading venue

* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 8,301,513.

 

 

HIGHLAND GOLD MINING LIMITED

DIRECTORS’ DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM

 FOR USE BY PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Valery Oyf

2. 

Reason for the notification

 

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial notification

3. 

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

a)

Company name:

Highland Gold Mining Ltd.

b)

LEI:

213800QQFH2CBTW5BX79

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 shares of 0.1p each GB0032360173

b)

Nature of the transaction:

Distribution of ordinary shares

c)

 

Price(s)

Volume

£1.641*

1,932,033

d)

Aggregated information:

Price

Total Volume

£3,170,466*

1,932,033

e)

Date of the transaction:

12 February 2019

f)

Place of the transaction:

Outside a trading venue

* Transaction completed in US dollars at a share price of US$ 2.15 (based on an exchange rate of 1.3073 USD/GBP) for a total of US$ 4,153,870.