Director's Dealings and Shareholder Interest

African Pioneer PLC
03 January 2024
 

           

A black and red logo Description automatically generated with low confidence

3 January 2024

African Pioneer Plc

                                                ("African Pioneer" or the "Company")                    

Director's Dealings & Shareholder Interest

 

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by M&A Wealth Pty Ltd, a member of the Concert Party, that on 29 December 2023 and 3 January 2024 it has sold a total of 1,125,000 ordinary shares of no par value each in the Company ("Shares") ("Share Sale") reducing its shareholding in the Company to 1,875,000 Shares representing 0.82% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by M&A Wealth 375,000 Shares representing in aggregate 0.164% of the Total Voting Rights were acquired by the Company's Director Colin Bird at 1.6 pence ("Director's Share Purchase"). As a result of the Share Sale and the Director's Share Purchase, the aggregated Concert Party interest has reduced from 44.8% to 44.49%.    

 

Directors' updated shareholdings: The table below shows the current shareholdings of Directors and their related parties as a percentage of Total Voting Rights after the Director's Share Purchase:

 


Shareholdings


Director & Position

Current

Director's Share Purchase

Updated shareholding

% of Issued Share Capital

Colin Bird: Chairman

24,117,284

375,000

24,492,284

10.74%

Raju Samtani: Finance Director

18,395,061

-

18,395,061

8.07%

Christian Cordier Director

17,222,222

-

17,222,222

7.55%

Kjeld Thygesen: Non Executive

1,033,334

                    -  

1,033,334

0.45%

James Cunnigham Davis: Non Executive

-

-

-

Nil

 

For further information, please contact:

African Pioneer Plc

Colin Bird, Chairman

Tel +44 (0) 20 7581 4477

Beaumont Cornish Limited (Financial Adviser)

Roland Cornish/Asia Szusciak

Tel +44 (0) 20 7628 3396

Novum Securities Limited (Broker)

Jon Belliss

Tel +44 (0) 20 7399 9400

 

or visit   https://africanpioneerplc.com/

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

 

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Colin Bird

 

2.

Reason for the Notification

 

a)

Position/status

Executive Chairman & Director

 

b)

Initial notification/amendment

Initial notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

African Pioneer PLC

 

b)

LEI

213800QQF8O18CMJPW43

 

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

Ordinary shares with no par value

 

Identification code

ISIN: IM00B8C0HK22

TIDM: AFP

 

b)

Nature of the Transaction

Purchase of shares for £6,000  

 

 

c)

Price(s) and volume(s)



No. of Shares

375,000

Price

1.6 pence

 

d)

Aggregated information

Aggregated volume

 

n/a

 

e)

Date of the transaction

29 December 2023

 

f)

Place of the transaction

XLON

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings