Director's Dealings and Shareholder Interest

African Pioneer PLC

03 January 2024

 

3 January 2024

African Pioneer Plc

                                                ("African Pioneer" or the "Company")                    

Director's Dealings & Shareholder Interest

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by M&A Wealth Pty Ltd, a member of the Concert Party, that on 29 December 2023 and 3 January 2024 it has sold a total of 1,125,000 ordinary shares of no par value each in the Company ("Shares") ("Share Sale") reducing its shareholding in the Company to 1,875,000 Shares representing 0.82% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by M&A Wealth 375,000 Shares representing in aggregate 0.164% of the Total Voting Rights were acquired by the Company's Director Colin Bird at 1.6 pence ("Director's Share Purchase"). As a result of the Share Sale and the Director's Share Purchase, the aggregated Concert Party interest has reduced from 44.8% to 44.49%.    

Directors' updated shareholdings: The table below shows the current shareholdings of Directors and their related parties as a percentage of Total Voting Rights after the Director's Share Purchase:

	Shareholdings
Director & Position	Current	Director's Share Purchase	Updated shareholding	% of Issued Share Capital
Colin Bird: Chairman	24,117,284	375,000	24,492,284	10.74%
Raju Samtani: Finance Director	18,395,061	-	18,395,061	8.07%
Christian Cordier Director	17,222,222	-	17,222,222	7.55%
Kjeld Thygesen: Non Executive	1,033,334	-	1,033,334	0.45%
James Cunnigham Davis: Non Executive	-	-	-	Nil

For further information, please contact:

African Pioneer Plc Colin Bird, Chairman	Tel [phone]
Beaumont Cornish Limited (Financial Adviser) Roland Cornish/Asia Szusciak	Tel [phone]
Novum Securities Limited (Broker) Jon Belliss	Tel [phone]

or visit   https://africanpioneerplc.com/

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). 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 & Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	African Pioneer PLC
b)	LEI	213800QQF8O18CMJPW43
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 with no par value
	Identification code	ISIN: IM00B8C0HK22 TIDM: AFP
b)	Nature of the Transaction	Purchase of shares for £6,000
c)	Price(s) and volume(s)	No. of Shares 375,000 Price 1.6 pence
d)	Aggregated information Aggregated volume	n/a
e)	Date of the transaction	29 December 2023
f)	Place of the transaction	XLON

 

END