Centamin plc: Director Disposal of Shares

/EINPresswire.com/ -- PERTH, AUSTRALIA -- (Marketwired) -- 06/01/16 -- Centamin (LSE: CEY) (TSX: CEE) announces the following disposal of ordinary shares in the Company pursuant to DTR 3.1.2R:

Mr Josef El-Raghy, Chairman of the Company, disposed of 12,595,714 ordinary shares in the Company between 26 May 2016 and 31 May 2016 at an average price of 0.98 pence per share. The notification relates to Nordana Pty Ltd, a fund connected to Mr Josef El-Raghy. The transactions occurred on the London Stock Exchange.

Following these transactions, Mr Josef El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:

Registered Holder                               Number of ordinary shares
Nordana Pty Ltd < Super Fund A/C >              5,000,000
El-Raghy Kriewaldt Pty Ltd                      52,549,372
S & M El-Raghy < The El-Raghy Family Account >  350,000
Montana Realty Pty Ltd < Super Fund A/C >       950,000

The total number of fully paid ordinary shares in which Josef El-Raghy and his connected persons have a beneficial interest is 58,849,372 representing 5.11% of the issued ordinary share capital of the Company.

For more information please contact:

Centamin plc
Josef El-Raghy
Chairman
Andy Davidson
Head of Investor Relations
(andy.davidson@centamin.je)
+44 (0) 1534 828708

Buchanan
Bobby Morse
+ 44 (0) 20 7466 5000