Director Share Purchase

RNS Number : 1262A

Caracal Gold PLC

21 September 2022

 

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

21 September 2022

Caracal Gold plc ('Caracal' or the 'Company')

Director Share Purchase

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, announces that its Chief Executive, Robbie McCrae has purchased 1,500,000 ordinary shares the Company in an off-market purchase at an average price of 0.99p per share for a total cost of £14,852.70 as set out below. The Chief Operating Officer, Riaan Lombard, has also purchased 1,500,000 ordinary shares the Company in an off-market purchase at an average price of 0.99p per share for a total cost of £14,852.70 as set out below.

Following these purchases, Robbie McCrae owns 104,000,000 ordinary shares, representing 5.53% per cent of the issued share capital in the Company and Riaan Lombard owns 1,500,000 ordinary shares, representing 0.08% per cent of the issued share capital in the Company.

Notification and public disclosure of transactions by person discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Robbie McCrae
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Caracal Gold plc
b)	LEI	213800YH9S57GVOPU624
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 no par value each  ISIN: GB00BYZC5R04
b)	Nature of the transaction	Ordinary shares of £0.001 par value each
c)	Price(s) and volume(s)	Price Volume 0.99p 1,500,000
d)	Aggregated information: Aggregated volume Aggregated Price Aggregated total	1,500,000.00 ordinary share 0.99p £ 14,852.70
e)	Date of the transaction	16 September 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Riaan Lombard
2	Reason for the notification
a)	Position/status	Executive Director and Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Caracal Gold plc
b)	LEI	213800YH9S57GVOPU624
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 no par value each  ISIN: GB00BYZC5R04
b)	Nature of the transaction	Ordinary shares of £0.001 par value each
c)	Price(s) and volume(s)	Price Volume 0.99p 1,500,000
d)	Aggregated information: Aggregated volume Aggregated Price Aggregated total	1,500,000.00 ordinary share 0.99p £ 14,852.70
e)	Date of the transaction	16 September 2022
f)	Place of the transaction	Outside of a trading venue

Prior to this announcement's release, the statement contained inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR) (Market Abuse Regulation).

**ENDS**

For further information visit www.caracalgold.com or contact the following:

Caracal Gold plc Robbie McCrae Sheila Boit	[e-mail]
Clear Capital Markets Ltd Joint Broker Keith Swann / Jonathan Critchley	[phone] [phone]
VSA Capital Ltd Financial Adviser and Joint Broker Andrew Raca (Corporate Finance) Andrew Monk / David Scriven (Corporate Broking)	[phone]
St Brides Partners Ltd Financial PR Charlotte Page / Isabel de Salis / Isabelle Morris	[e-mail]
DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger	[e-mail]

Notes

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  We are progressing a well-defined mine optimisation strategy at our 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates.  It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.

 

END

 

 

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