Settlement of Director Fees

Katoro Gold PLC
21 February 2024


Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219)

Share code on AIM: KAT


('Katoro' or 'the Company')


Dated: 21 February 2024

Katoro Gold PLC ('Katoro' or the 'Company')


Settlement of Director Fees

Issue of Equity & TVR


Katoro Gold PLC (AIM: KAT), the strategic and precious minerals exploration and development company, announces the settlement of the outstanding director fees has been agreed through an issue of locked-in equity.

Louis Scheepers, Non-executive Director has agreed with the Company to settle in full all outstanding director fees on the same basis as that outlined for Louis Coetzee and Lukas Marthinus ("Tinus") Maree in the Company announcement on 12 February 2024, which may be viewed through the link below:

Mr Scheepers previously agreed to voluntarily reduce his outstanding board fees from £27,000, due for the period April 2023 to January 2024 inclusive, to £21,205.96 (the "Director Fees").

The Director Fees of £21,205.96 will be settled in full through the issue of 21,205,960 Katoro ordinary shares of 0.1p ("Director Shares") at the same issue price as the financing announced on 12.2.24 of 0.1p per share. For clarity Mr Scheepers will not receive any warrants with this settlement of Board fees.

The Director Shares will be subject to a hard lock-in for 12 months from today's date (with no sale of stock allowed unless approved by the new Board of the Company after the formal appointment of two new directors).

The issue of the Director Shares is a related party transaction under the AIM Rules (the "Transaction") and accordingly, Tinus Maree Non-executive Director of the Company and Louis Coetzee, current Executive Chairman of the Company, the directors independent of this Transaction, having consulted with the Company's nominated adviser, Beaumont Cornish Limited, consider the terms of the Transaction to be fair and reasonable insofar as shareholders are concerned.

Following issue of the Director Shares, Mr Scheepers will hold 33,872,627 shares representing 2.12% of the then issued share capital of the Company.

Louis Scheepers is a Person Discharging Managerial Responsibility ('PDMR') under the Market Abuse Regulation 2016 ('MAR'). In compliance with MAR and the Company's Share Dealing Code, the PDMR has submitted dealing request forms to the designated Company executives to seek permission in respect of this transaction which has been granted. Dealing notification forms will be completed by the PDMR and submitted to the FCA within three (3) days of completion of the Transaction in accordance with MAR.  See PDMR Notification section below for further information.


Application will be made for the 21,205,960 Director Shares to be admitted to trading on AIM which is expected to occur on or around 27 February 2024 ("Admission"). The Director Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 1,596,420,573 ordinary shares of 0.1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.


The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.




Details of the person discharging managerial responsibilities / person closely associated








Louis Scheepers





Reason for the notification







Non-executive Director




Initial notification /Amendment




Initial Notification



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








Katoro Gold Plc












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





Description of the financial instrument, type of instrument

ordinary shares of 1p each

Identification code




Nature of the transaction




Purchase of ordinary shares




Price(s) and volume(s)









Aggregated information

- Aggregated volume


- Price




Date of the transaction



20 February 2024



Place of the transaction



Off Market



This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.




For further information please visit or contact:


Louis Coetzee

Katoro Gold PLC

Executive Chairman

James Biddle

Roland Cornish

+44 207 628 3396

Beaumont Cornish Limited

Nominated Adviser

Nick Emmerson

Sam Lomanto

+44 148 341 3500

SI Capital Ltd



Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.


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 or visit

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.


Katoro Gold (KAT)
UK 100