Director/PDMR Shareholding

31 July 2020

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) reports that it has been informed that Executive Chairman Eugene Shvidler, Non-Executive Director Valery Oyf and Independent Non-Executive Director Duncan Baxter have agreed to sell the entirety of their shareholdings in the Company to Fortiana Holdings Limited (“Fortiana”), as per the statement issued by Fortiana earlier today.

The transactions will take place over two tranches. The total holdings in question are as follows:

Name

Number of Ordinary Shares

Percentage of Issued Share Capital

 

Eugene Shvidler

44,714,829

12.29%

 

Matteson Overseas Limited (Valery Oyf)

16,439,486

4.52%

 

Duncan Baxter

20,000

0.01%

 

 

The issued share capital of Highland Gold as of today is 363,896,990 ordinary shares of £0.001 per share. This number may be used by Highland Gold shareholders as the denominator for calculations by which they will determine if they are required to notify of their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

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)

Paul Gillam, James Black

+44 (0) 207 260 1000

BMO Capital Markets Limited

(Joint Broker)       

Tom Rider, Pascal Lussier Duquette, Neil Elliot

+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 1p each

 

GB0032360173

b)

Nature of the transaction:

Sale of shares

c)

 

Price(s)

Volume

£3.00

26,736,071

d)

Aggregated information:

Price

Total Volume

£80,208,213

26,736,071

e)

Date of the transaction:

31 July 2020

f)

Place of the transaction:

Outside a trading venue

 

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 1p each

 

GB0032360173

b)

Nature of the transaction:

Conditional agreement to sell shares

c)

 

Price(s)

Volume

£3.00

17,978,758

d)

Aggregated information:

Price

Total Volume

£53,936,274

17,978,758

e)

Date of the transaction:

31 July 2020

f)

Place of the transaction:

Outside a trading venue

 

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 1p each

 

GB0032360173

b)

Nature of the transaction:

Sale of shares

c)

 

Price(s)

Volume

£3.00

9,829,564

d)

Aggregated information:

Price

Total Volume

£29,488,692

9,829,564

e)

Date of the transaction:

31 July 2020

f)

Place of the transaction:

Outside a trading venue

 

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 1p each

 

GB0032360173

b)

Nature of the transaction:

Conditional agreement to sell shares

c)

 

Price(s)

Volume

£3.00

6,609,922

d)

Aggregated information:

Price

Total Volume

£19,829,766

6,609,922

e)

Date of the transaction:

31 July 2020

f)

Place of the transaction:

Outside a trading venue

 

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:

Duncan Baxter

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 1p each

 

GB0032360173

b)

Nature of the transaction:

Conditional agreement to sell shares

c)

 

Price(s)

Volume

£3.00

20,000

d)

Aggregated information:

Price

Total Volume

£60,000

20,000

e)

Date of the transaction:

31 July 2020

f)

Place of the transaction:

Outside a trading venue