Successful Fundraising and Restoration of Trading
Summary by AI BETAClose X
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT WHATSOEVER IN ANY OF THOSE JURISDICTIONS.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
8 September 2026
Kazera Global plc
("Kazera" or the "Company")
Successful Fundraising and Restoration of Trading
Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that, further to its announcement of a Fundraising at 4:43 p.m. on 8 September 2026 (the "Launch Announcement"), the Bookbuild has now successfully closed.
The Company has raised £500,000 (net proceeds of approximately £480,000) through the issue of 25,000,000 new Ordinary Shares at the Issue Price of 2.0 pence per Ordinary Share, representing a premium of approximately 2.6 per cent. to the closing mid-market price of 1.95 pence per Ordinary Share immediately prior to the suspension of trading in the Company's shares on 2 September 2026. Zeus Capital acted as sole bookrunner in connection with the Placing.
Following completion of the Bookbuild, the Capital Access Window has now closed and normal trading in the Company's Ordinary Shares will resume at 7:30 a.m. on 9 September 2026.
Transaction Summary
The transactions comprise:
· Placing: £250,000 raised through the placing of 12,500,000 new Ordinary Shares with institutional and other investors;
· Subscription: £250,000 raised through direct subscription for 12,500,000 new Ordinary Shares;
· Fujax Settlement Shares: the proposed issuance of new Ordinary Shares with an aggregate value of US$500,000 pursuant to the settlement agreement with Fujax announced by the Company on 3 September 2026, with the number of shares to be determined in accordance with the terms of that agreement;
· Fee Shares: the proposed issuance of 1,304,166 new Ordinary Shares to Geoff Eyre in satisfaction of £26,083.33 of accrued fees due to him; and
· Creditor Shares: the proposed issuance of 3,100,000 Ordinary Shares to certain suppliers and consultants in satisfaction of an aggregate £62,000 due to them.
The Fujax Settlement Shares, Fee Shares and Creditor Shares do not form part of the cash proceeds of the Fundraising but will result in the settlement or conversion into equity of existing liabilities of the Company.
The Placing, Subscription and proposed issue of the Fujax Settlement Shares, the Fee Shares and the Creditor Shares are conditional, amongst other things, on the passing of the Resolutions being proposed at the General Meeting of the Company being convened at 10 a.m. on 21 September 2026 (or any adjournment thereof) which will, amongst other items, disapply statutory pre-emption rights and authorise the issue and allotment of the New Ordinary Shares on a non-pre-emptive basis for cash.
A Circular containing the Notice of General Meeting was posted to Shareholders on 4 September 2026 and a copy of the Circular is available on the Company's website.
Use of Proceeds
The net proceeds of the Fundraising will significantly strengthen the Company's balance sheet and provide Kazera with greater financial flexibility as it continues to develop its existing portfolio and evaluates potential value-accretive investment opportunities.
The Fundraising is not being undertaken to fund the Company's existing South African mining operations, the development of which is being funded by SAI under the existing arrangements between the parties.
The strengthened balance sheet will therefore provide the Company with additional capacity to pursue opportunities which the Board believes have the potential to create further value for shareholders.
Richard Jennings, Interim Chief Executive Officer, commented: "We are extremely pleased with the outcome of this fundraising and enormously grateful for the support shown by both existing and new investors. The level of demand is, in my view, a strong endorsement of the progress Kazera has made and of the opportunity that now lies ahead of us.
"Importantly, this fundraising is not about plugging a working capital requirement. It significantly strengthens our balance sheet and gives Kazera the financial flexibility to pursue value-accretive opportunities as they arise, while we continue to progress our existing portfolio.
"The granting of the 2A Mining Right has transformed the position of our South African operations and, with SAI funding the development of those operations, we believe Kazera is now exceptionally well placed to move into its next phase of growth. At the same time, the Fujax settlement represents further progress in dealing with historic matters and allows management increasingly to focus its attention and resources on creating value for shareholders.
"We have achieved a great deal over recent months. With 2A now granted, a significantly strengthened balance sheet, the support of our shareholders and an increasingly strong Board, I believe Kazera is entering this next chapter from a position of real strength and with considerable opportunity ahead of it."
The Placing and Subscription are subject to the conditions set out in the Launch Announcement.
Fee Conversion
Geoff Eyre, a Director of the Company and Non-Executive Chairman, has agreed to convert £26,083.33 of accrued director fees due to him into 1,304,166 new Ordinary Shares at the Issue Price of 2.0 pence per Ordinary Share.
The issue of these Fee Shares will satisfy in full £26,083.33 of accrued fees otherwise payable in cash to Mr Eyre and will therefore not result in any additional cash proceeds being received by the Company.
Following Admission, Mr Eyre will hold 1,304,166 Ordinary Shares, representing approximately 0.12% per cent. of the Company's enlarged issued share capital.
Related Party Transaction
The conversion of fees owed to Geoff Eyre, director and Non-Executive Chairman of the Company, into the Fee Shares (the "Fee Conversion") is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The independent directors of the Company for these purposes, being all those other than Geoff Eyre, consider that the Fee Conversion is fair and reasonable insofar as the Company's shareholders are concerned.
Capital Access Window and Restoration of Trading
As detailed in the Company's announcement of 3 September 2026, the Company entered a Capital Access Window at 7.30 a.m. on 3 September 2026.
Following the results of the successful Fundraising, the Capital Access Window has now closed and normal trading in the Company's Existing Ordinary Shares is expected to resume at 7:30 a.m. on 9 September 2026.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of the following Ordinary Shares to trading on AIM (the "Admission"):
· 12,500,000 Placing Shares;
· 12,500,000 Subscription Shares;
· 1,304,166 Fee Shares; and
· 3,100,000 Creditor Shares.
(a total of 29,404,166 together, the "New Ordinary Shares").
A separate application will be made for admission of the Fujax Settlement Shares once the number of such shares has been determined in accordance with the terms of the settlement agreement announced on 3 September 2026.
It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on or around 22 September 2026, subject (amongst other things) to the Resolutions being passed at the General Meeting.
The New Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the Company's Existing Ordinary Shares.
On Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 1,132,462,901 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Launch Announcement, unless expressly stated otherwise or the context so requires.
For further enquiries:
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Kazera Global plc |
Richard Jennings, Interim Chief Executive Officer
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info@kazeraglobal.com |
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Strand Hanson Limited (Nominated & Financial Adviser) |
Christopher Raggett / Ritchie Balmer / Imogen Ellis |
Tel: +44 (0)20 7409 3494 |
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Zeus Capital Limited (Broker and Bookrunner) |
Harry Ansell / Katy Mitchell / Alex Slater |
Tel: +44 20 7220 1666 |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
1) Geoffrey Eyre |
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2 |
Reason for the notification |
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a) |
Position/status |
1) Non-Executive Chairman |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Kazera Global plc |
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b) |
LEI |
213800U4PZ148SFLGY26
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
(1) Ordinary Shares of 0.1 pence each in Kazera Global plc
ISIN: GB00B830HW33 |
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b) |
Nature of the transaction |
Acquisition of Ordinary Shares in satisfaction of accrued director fees |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
8 September 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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