Director/PDMR Shareholding & TVR

RNS Number : 9209R
Kavango Resources PLC
11 July 2022
 

PRESS RELEASE

 

 8 July 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

 

Issue of Shares

Total Voting Rights

PDMR Dealing

 

Issue of Shares and PDMR Dealing

On 11 August 2021, Kavango announced its agreement with Michael Moles, a non-executive director, to settle his directors' fees (net of statutory deductions) in shares. Accordingly, Kavango announces it is now issuing 183,874 new ordinary shares of 0.001 each in the Company to Michael Moles ("Director Shares").

This issue of shares relates to the period 1 April 2022 to 30 June 2022. The number of shares due has been calculated based upon the average closing price of the Company's shares over that quarter. The issue price of the shares is 2.00 pence per share, being the closing price on 7 July 2022.

Admission and Total Voting Rights

Application will be made for the Director Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and dealings in the Director Shares will commence at 8.00 am on or around 15 July 2022.

Following Admission, the total issued share capital of the Company will consist of 435,645,926 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 435,645,926 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

An updated Total Voting Rights announcement will be made by the Company following admission, in accordance with the requirements of DTR 5.6.

PDMR Dealing - Issue of Director Shares

 

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Charles Michael Moles

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Kavango Resources plc

b)

 

LEI  

 

2138007PZJFATXWUTS29

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 of 0.001 each

 



Identification code

  ISIN:  GB00BF0VMV24



b)

 

Nature of the transaction

 

 

Issue of ordinary shares of 0.001 each

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£0.0200

183,874







d)

 

Aggregated information




- Aggregated volume

  N/A



- Price




e)

 

Date of the transaction

 

 

2022-07-08

f)

 

Place of the transaction

 

 

Outside a Trading Venue

 

 

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

 

For further information please contact:

 

Kavango Resources plc   

Ben Turney

bturney@kavangoresources.com

 

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

 

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
 
 
DSHEAXXPEDFAEFA
UK 100

Latest directors dealings