Ecora Resources PLC Announces Director/PDMR Shareholding
Director Share Dealings in Company
LONDON, April 3, 2023 - Ecora Resources PLC ("Ecora" or the "Company") (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) has received notification of the following transactions by Mr. Bishop Lafleche, Chief Executive Officer of the Company, Mr. Flynn, Chief Financial Officer of the Company and Mr. Dacomb, Non-Executive Director of the Company.
From 29 March 2023 to 30 March 2023, Mr. Bishop Lafleche acquired 70,000 ordinary shares of 2 pence each in the Company ("Shares") at an average approximate price of 124.26p per share.
From 29 March 2023 to 30 March 2023, Mr. Dacomb acquired 15,937 Shares at an average approximate price of 122.14p per share.
On 30 March 2023, Mr. Flynn acquired 33,944 Shares at a price of 127.00p per share.
The transactions took place on the London Stock Exchange.
Director Share Dealings - Further information
The notifications below, made in accordance with the requirements of the UK version of the Market Abuse Regulation (596/2014/EU)1, provides further detail in respect of the transactions as described at the beginning of this announcement.
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||
| Name | Marc Bishop Lafleche | |||||||||||||
| Reason for the notification | ||||||||||||||
| Position/status | Chief Executive Officer of Ecora Resources PLC | |||||||||||||
| Initial notification/Amendment | Initial Notification | |||||||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||
| Name | Ecora Resources PLC | |||||||||||||
| LEI | 213800LXSV317746JZ71 | |||||||||||||
| 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 | ||||||||||||||
| Description of the Financial instrument, type of instrument Identification code | 2p Ordinary Shares GB0006449366 | |||||||||||||
| Nature of the transaction | Acquisition of Shares | |||||||||||||
| Price(s) and volume(s) |
| |||||||||||||
| Aggregated information
| 70,000 124.26p | |||||||||||||
| Date of the transaction | 29 March 2023 and 30 March 2023 | |||||||||||||
| Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||||||
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||
| Name | Graeme Dacomb | |||||||||||||
| Reason for the notification | ||||||||||||||
| Position/status | Non-Executive Director of Ecora Resources PLC | |||||||||||||
| Initial notification/Amendment | Initial Notification | |||||||||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||
| Name | Ecora Resources PLC | |||||||||||||
| LEI | 213800LXSV317746JZ71 | |||||||||||||
| 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 | ||||||||||||||
| Description of the Financial instrument, type of instrument Identification code | 2p Ordinary Shares GB0006449366 | |||||||||||||
| Nature of the transaction | Acquisition of Shares | |||||||||||||
| Price(s) and volume(s) |
| |||||||||||||
| Aggregated information
| 15,937 122.14p | |||||||||||||
| Date of the transaction | 29 March 2023 and 30 March 2023 | |||||||||||||
| Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||||||
| Details of the person discharging managerial responsibilities / person closely associated | ||||||
| Name | Kevin Flynn | |||||
| Reason for the notification | ||||||
| Position/status | Chief Financial Officer of Ecora Resources PLC | |||||
| Initial notification/Amendment | Initial Notification | |||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| Name | Ecora Resources PLC | |||||
| LEI | 213800LXSV317746JZ71 | |||||
| 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 | ||||||
| Description of the Financial instrument, type of instrument Identification code | 2p Ordinary Shares GB0006449366 | |||||
| Nature of the transaction | Acquisition of Shares | |||||
| Price(s) and volume(s) |
| |||||
| Aggregated information
| 33,944 127.00p | |||||
| Date of the transaction | 30 March 2023 | |||||
| Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||
For further information:
| +44 (0) 20 3435 7400 | |
| Jason Gray - Company Secretary | |
| Website: | www.ecora-resources.com |
| Camarco Gordon Poole / Owen Roberts / Elfie Kent | +44 (0) 20 3757 4997 |
About Ecora Resources
Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating a sustainable future.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and shareholder returns.
The mining sector has an essential role to play in the energy transition, with commodities such as copper, nickel and cobalt - key materials for manufacturing batteries and electric vehicles. Copper also plays a critical role in our electricity grids. All these commodities are mined and there are not enough mines in operation today to supply the volume required to achieve the energy transition.
Our strategy is to acquire royalties and streams over low-cost operations and projects with strong management teams, in well-established mining jurisdictions. Our portfolio has been reweighted to provide material exposure to this commodity basket and we have successfully transitioned from a coal orientated royalty business in 2014 to one that by 2026 will be materially coal free and comprised of over 90% exposure to commodities that support a sustainable future. The fundamental demand outlook for these commodities over the next decade is very strong, which should significantly increase the value of our royalty portfolio.
Ecora's shares are listed on the London and Toronto Stock Exchanges (ECOR) and trade on the OTCQX Best Market (OTCQX:ECRAF).
1This is part of UK law by virtue of the European Union Withdrawal Act 2018.
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SOURCE: Ecora Resources PLC
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