Director’s dealing and Total Voting Rights

Kendrick Resources PLC

25 February 2026

 

25 February 2026

Kendrick Resources PLC

("Kendrick" or the "Company")

Director's dealing and Total Voting Rights

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development company announces the Issue of new 17,531,200 ordinary shares of GBP0.0003 each ("Conversion Shares") to settle £350,624 of accrued fees ("the "Accrued Fees") that would otherwise be payable by the Company. The Conversion Shares will rank pari passu with the existing ordinary shares in the Company.

In accordance with the authority granted at its Annual General Meeting on 25 July 2025, the Company was authorised to settle accrued fees due to directors and consultants based on the VWAP during the quarter to which the fees relate.  The Accrued Fees relate to different periods but in each case the VWAP for the period to which the Accrued Fees relate is approximately 1.0 pence (the "VWAP Price").   The Company has however agreed with the parties to whom the Accrued Fees are owed to settle the Accrued Fees at 2.0 pence being the closing bid price on 24 February 2026 being the last practical date before the date of this announcement and which is at a premium of approximately 100% to the VWAP Price.

Of the £350,624 of accrued fees owed £289,374 are due to Directors and Lion Mining Finance Ltd a company controlled by Chairman Colin Bird and are being settled by the issue of a total of 14,468,700 Conversion Shares and £61,250 of the Accrued Fees were owed to consultants and are being settled by the issue of 8,752,728 Conversion Shares. The total Conversion Shares being issued to the Directors and their related parties equals 4.3% of the enlarged shares in issue following the issue of the Conversion Shares. The table below shows the Directors' shareholdings after the issue of the Conversion Shares 

Application will be made to the London Stock Exchange for the 17,531,200 Conversion Shares  to be admitted to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on or around 4 March 2026.

Following the issue of the Conversion  Shares, the Company's total issued share capital will consist of 334,329,352 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

On Admission, the above mentioned figure of 334,329,352 Ordinary Shares 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 to their interest in, Kendrick under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Kendrick Resources Plc: Chairman	Tel: [phone] Colin Bird
AlbR Capital Limited Financial Adviser and Joint Broker	Tel: [phone] David Coffman / Dan Harris Jon Bellis
Shard Capital Partners LLP Joint Broker	Tel: [phone] Damon Heath / Isabella Pierre

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 and controlling shareholder of Lion Mining Finance Ltd
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kendrick Resources PLC
b)	LEI	213800U66STYS4VQZH68
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 0.03p
	Identification code	ISIN: GB00BNBQZW49 TIDM: KEN
b)	Nature of the Transaction	Conversion of  £128,000 of accrued fees due to director and £50,650 of accrued fees due to Lion Mining Finance Ltd
c)	Price(s) and volume(s)	Colin Bird Lion Mining Finance Ltd No. of Shares 6,400,000 2,532,500 Price 2 pence 2 pence
d)	Aggregated information - Aggregated volume - Total Price	8,932,500 £178,650
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martyn Churchouse
2.	Reason for the Notification
a)	Position/status	Managing Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kendrick Resources PLC
b)	LEI	213800U66STYS4VQZH68
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 0.03p
	Identification code	ISIN: GB00BNBQZW49 TIDM: KEN
b)	Nature of the Transaction	Conversion of  £42,724 of accrued fees due to director
c)	Price(s) and volume(s)	No. of Shares 2,136,200 Price 2 pence
d)	Aggregated information - Aggregated volume - Total Price	2,136,200 £42,724
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Borrelli
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	Kendrick Resources PLC
b)	LEI	213800U66STYS4VQZH68
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 0.03p
	Identification code	ISIN: GB00BNBQZW49 TIDM: KEN
b)	Nature of the Transaction	Conversion of  £11,000 of accrued fees due to director
c)	Price(s) and volume(s)	No. of Shares 550,000 Price 2 pence
d)	Aggregated information - Aggregated volume - Total Price	550,000 £11,000
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kjeld Thygesen
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	Kendrick Resources PLC
b)	LEI	213800U66STYS4VQZH68
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 0.03p
	Identification code	ISIN: GB00BNBQZW49 TIDM: KEN
b)	Nature of the Transaction	Conversion of  £36,750 of accrued fees due to director
c)	Price(s) and volume(s)	No. of Shares 1,837,500 Price 2 pence
d)	Aggregated information - Aggregated volume - Total Price	1,837,500 £36,750
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Evan Kirby
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	Kendrick Resources PLC
b)	LEI	213800U66STYS4VQZH68
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 0.03p
	Identification code	ISIN: GB00BNBQZW49 TIDM: KEN
b)	Nature of the Transaction	Conversion of  £20,250 of accrued fees due to director
c)	Price(s) and volume(s)	No. of Shares 1,012,500 Price 2 pence
d)	Aggregated information - Aggregated volume - Total Price	1,012,500 £20,250
e)	Date of the transaction	24 February 2026
f)	Place of the transaction	Outside a trading venue

 

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