Centamin Plc — Director's Dealing 2019

Dec 16, 2019

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RNS Number : 9911W

Centamin PLC

16 December 2019

FOR IMMEDIATE RELEASE

16 December 2019

Centamin plc 

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Centamin plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	-
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Centamin plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	13 December 2019
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES (Endeavour Mining Corporation)

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	ORDINARY SHARES
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a) Interests in Centamin plc's (Centamin) ordinary shares held by the directors of Centamin, their close relatives and related trusts and other concert parties:

Class of relevant security:	ORDINARY SHARES
Director	No. of Centamin ordinary shares held	Percentage of issued share capital
Josef El-Raghy and close relatives	10,500,000	0.908%
Other El-Raghy family members	579,212	0.050%
Andrew Pardey	2,295,268	0.199%
Ross Jerrard	350,000	0.030%
Gordon Edward Haslam	127,056	0.01%
Professor Ibrahim Fawzy	Nil	-
Dr. Sally Eyre	Nil	-
Mark Bankes	190,000	0.016%
Mark Arnesen	49,000	0.004%
Dr. Catharine Farrow	Nil	-
Marna Cloete	15,000	0.001%

(b) Awards in Centamin ordinary shares held by the directors of Centamin, their close relatives and related trusts and other concert parties:

(i) Ross Jerrard

Number of ordinary shares to vest	Date of grant	Exercise price	Vesting date
Scheme type - award under the Performance Share Plan (subject to performance conditions)
420,000	June 2017	Nil	June 2020
510,000	June 2018	Nil	June 2021
617,000	June 2019	Nil	June 2022

(ii) Andrew Pardey

Number of ordinary shares to vest	Date of grant	Exercise price	Vesting date
Scheme type - award under the Performance Share Plan (subject to performance conditions)
440,000	June 2017	Nil	June 2020
640,000	June 2018	Nil	June 2021
777,000	June 2019	Nil	June 2022

(iii) Other El-Raghy family members

Number of ordinary shares to vest	Date of grant	Exercise price	Vesting date
Scheme type - award under the Performance Share Plan (subject to performance conditions)
108,000	June 2017	Nil	June 2020
166,000	June 2018	Nil	June 2021
198,000	June 2019	Nil	June 2022

(c) Interests, short positions and rights to subscribe in Centamin's ordinary shares held by connected advisers of Centamin

BMO Capital Markets Limited:

Class of relevant security:	ORDINARY SHARES
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,022,958	0.26	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	3,022,958	0.26	Nil	-

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"
None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

###### Date of disclosure:	16 December 2019
###### Contact name:	Darren Le Masurier
###### Telephone number:	+44 (0)1534 828700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Enquiries

For further information, please visit the website www.centamin.com or contact:

Centamin plc Ross Jerrard, Chief Executive Officer Alexandra Carse, Investor Relations alexandra.carse@centamin.je	Buchanan Bobby Morse Chris Judd centamin@buchanan.uk.com

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