Grant of Share Options

Kazera Global PLC

28 April 2026

 

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 United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

28 April 2026

Kazera Global plc

("Kazera" or the "Company")

Grant of Share Options

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, has approved the creation of a pool of up to 150,000,000 options over its Ordinary shares of 0.1 pence each ("Ordinary Shares") under the Company's EMI and Unapproved Share Option Scheme ("Options"), subject to shareholder approval at a general meeting.

A total of 135,000,000 of the Options have been granted to certain directors and members of management under the Company's share option scheme, with such grants also conditional upon shareholder approval at the general meeting.

The award of the Options is structured in three tranches as follows:

Tranche	Exercise Price	Premium to mid-market close on 27/04/26	Option Life	No. Granted	Vesting Condition
1	£0.001	n/a	2 years	50,000,000	Bloomberg closing mid-market price of Ordinary Shares ≥ 2p for 90 consecutive calendar days, being a premium of 74% to the closing mid-market price on 27 April 2026
2	£0.025	163%	2 years	25,000,000	50% at the commencement of each year
3	£0.035	268%	3 years	60,000,000	33.3% at the commencement of each year
Total				135,000,000

With the exception of the first tranche, which is subject to a 90-day share price vesting hurdle of 2p per share, the premium at which the exercise price of each Option has been set was determined by reference to the closing mid-market price of 1.15 pence per Ordinary Share on 27 April 2026, being the date prior to the grant of the Options.

Optionholder	Date of grant	Expiry Date	Exercise Price	No. options
Geoffrey Eyre	28 April 2026	27 April 2028	£0.001	12,500,000
Geoffrey Eyre	28 April 2026	27 April 2028	£0.025	6,250,000
Geoffrey Eyre	28 April 2026	27 April 2029	£0.035	15,000,000
Geoffrey Eyre				33,750,000
Johan Hattingh	28 April 2026	27 April 2028	£0.001	10,000,000
Johan Hattingh	28 April 2026	27 April 2028	£0.025	5,000,000
Johan Hattingh	28 April 2026	27 April 2029	£0.035	11,250,000
Johan Hattingh				26,250,000
Paul Dulieu	28 April 2026	27 April 2028	£0.001	10,000,000
Paul Dulieu	28 April 2026	27 April 2028	£0.025	5,000,000
Paul Dulieu	28 April 2026	27 April 2029	£0.035	11,250,000
Paul Dulieu				26,250,000
Other Management	28 April 2026	27 April 2028	£0.001	17,500,000
Other Management	28 April 2026	27 April 2028	£0.025	8,750,000
Other Management	28 April 2026	27 April 2029	£0.035	22,500,000
Other Management				48,750,000

The structure and allocation of the Options is designed to provide strong alignment of the Board and Management with shareholders, such that the value of the Options is materially dependent on substantial share price appreciation, which the Board believes will only be achieved by delivering significantly improved operational performance.

The Options represent approximately 13.6% per cent. of the Company's current issued share capital.

Related Party Transaction

The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors independent of the award of Options, being Richard Jennings and John Wardle, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, consider the terms of the transaction to be fair and reasonable insofar as the Company's shareholders are concerned.

Richard Jennings, Interim Chief Executive Officer of Kazera, commented:

"The option awards announced today demonstrate clear alignment between the Board, our South Africa based management team and shareholders. Participants will only benefit through sustained share price appreciation, with performance targets set at levels we believe are both stretching and achievable.

"With the recent strengthening of the Board composition and breadth of skills sets now in place, the entire team is aligned and focused on delivering long-awaited value from both our South African and Namibian mining assets."

PDMR Disclosures

The notifications below are made in accordance with the requirements of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Geoffrey Eyre
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kazera Global Plc
b)	LEI	213800U4PZ148SFLGY26
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 Identification code	Ordinary Shares of 0.1 pence each in Kazera Global Plc ISIN: GB00B830HW33
b)	Nature of the transaction	Grant of options over Ordinary Shares of 0.1 pence each under the Kazera Global  Plc  Unapproved Share Option Plan
c)	Price(s) and volume(s)	Tranche 1 Exercise price:  0.1 pence Volume:  12,500,000 Tranche 2 Exercise price:  2.5 pence Volume:  6,250,000 Tranche 3 Exercise price:  3.5 pence Volume:  15,000,000
d)	Aggregated information - Aggregated volume - Price	33,750,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)	Date of the transaction	28 April 2026
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Dulieu
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	Kazera Global Plc
b)	LEI	213800U4PZ148SFLGY26
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 Identification code	Ordinary Shares of 0.1 pence each in Kazera Global Plc ISIN: GB00B830HW33
b)	Nature of the transaction	Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global Plc Unapproved Share Option Plan
c)	Price(s) and volume(s)	Tranche 1 Exercise price:  0.1 pence Volume:  10,000,000 Tranche 2 Exercise price:  2.5 pence Volume:  5,000,000 Tranche 3 Exercise price:  3.5 pence Volume:  11,250,000
d)	Aggregated information - Aggregated volume - Price	26,250,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)	Date of the transaction	28 April 2026
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr. Johan Hattingh
2	Reason for the notification
a)	Position/status	Executive Director (Technical Director)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kazera Global Plc
b)	LEI	213800U4PZ148SFLGY26
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 Identification code	Ordinary Shares of 0.1 pence each in Kazera Global Plc ISIN: GB00B830HW33
b)	Nature of the transaction	Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global plc Unapproved Share Option Plan
c)	Price(s) and volume(s)	Tranche 1 Exercise price:  0.1 pence Volume:  10,000,000 Tranche 2 Exercise price:  2.5 pence Volume:  5,000,000 Tranche 3 Exercise price:  3.5 pence Volume:  11,250,000
d)	Aggregated information - Aggregated volume - Price	26,250,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)	Date of the transaction	28 April 2026
f)	Place of the transaction	Outside of a trading venue

For further information, visit www.kazeraglobal.com or contact:

Kazera Global plc Geoff Eyre, Non-Executive Chairman	[e-mail]
Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer	Tel: [phone]
Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell	Tel: [phone]
St Brides Partners Limited (Financial PR) Isabel de Salis / Charlotte Page	[e-mail]

Notes

Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.

 

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