TIDMATC

RNS Number : 5438G

Atlantic Coal PLC

23 November 2015

23 November 2015

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Director dealing

Further to the Company's announcement made on 20 November 2014, Atlantic Coal, the AIM listed opencast anthracite coal production and processing company with primary activities in Pennsylvania, USA, announces that the Company was notified on 20 November 2015 that Mount Charles (Mayfair) Ltd ("Mount Charles") acquired 142,192,308 ordinary shares in the Company ("Ordinary Shares") from YA Global Master SPV, Ltd ("Yorkville") on 20 November 2015 at a price of 0.13p per Ordinary Share. Mount Charles is owned equally by Adam Wilson, the Company's Executive Chairman, and Mary Best, the wife of the Company's Managing Director Steve Best.

As also disclosed in the Company's announcement made on 20 November 2014, Spring Capital has a call option (the "Option") in relation to the purchase of 71,096,154 Ordinary Shares held by Mount Charles, also at a price of 0.13p per Ordinary Share.

Following Mount Charles' acquisition of shares as stated above, the interests of Mount Charles, Adam Wilson and Steve Best prior to any exercise of the Option will be as follows:

 
 Shareholder       Current interest   Current interest 
                                       % 
----------------  -----------------  ----------------- 
 Mount Charles*    206,294,872        4.20% 
----------------  -----------------  ----------------- 
 Adam Wilson**     138,807,070        2.83% 
----------------  -----------------  ----------------- 
 Steve Best***     21,826,148         0.44% 
----------------  -----------------  -----------------

* Mount Charles is legally and beneficially owned by Adam Wilson and Mary Best, the wife of Steve Best, in equal proportions and who are also its only directors.

** In addition to the 138,807,070 shares registered in his own name, Adam Wilson beneficially owns 50 per cent. of Mount Charles.

*** Steve Best holds 3,730,000 shares in his own name. He holds 18,096,148 via Willoughby (465) Limited a company of which he is sole director and shareholder. He is also interested in 279,573,300 shares held by his wife, Mary Best, together with the shares held by Mount Charles of which Mary Best beneficially owns 50 per cent.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best        Atlantic Coal plc   Tel: 0191 386 
                                        6392 
 Nick Naylor       Allenby Capital     Tel: 020 3328 
                    Limited             5656 
 John Depasquale   Allenby Capital     Tel: 020 3328 
                    Limited             5656 
 Alex Brearley     Allenby Capital     Tel: 020 3328 
                    Limited             5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 23, 2015 02:00 ET (07:00 GMT)

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