Issue of Fee Shares and Total Voting Rights

RNS Number : 7645G

Katoro Gold PLC

25 July 2019

 

Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219) 

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company") 

Dated: 25 July 2019

Katoro Gold PLC ('Katoro' or the 'Company')

Issue of Fee Shares and Total Voting Rights

Katoro Gold Plc (AIM:KAT), the Tanzania focused exploration and development company, announces the settlement of certain fees due through the issue of new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares").

Settlement of fees owed to Mzuri Exploration Services

As detailed in the Company's announcement of 8 February 2019, the Company agreed with Mzuri Exploration Services Ltd ("MXS"), a wholly owned subsidiary of Kibo Energy PLC ("Kibo"), to accrue ongoing fees pursuant to the Services Agreement for the period from 1 January 2019 to 31 May 2019 (the "Period") and that such fees would be settled through the issue of new Ordinary Shares at a price of 1.3 pence per share.  As a result, the Company announces that it has, in respect of the fee due to MXS for the Period amounting to approximately £20,709, issued 1,592,985 new Ordinary Shares to MXS (the "MXS Fee Shares").

Total Voting Rights

Application will be made for the admission to trading on AIM of the MXS Fee Shares ("Admission"), with such Admission expected to become effective on 2 August 2019.  Following Admission, the share capital of the Company will comprise 169,555,462 Ordinary Shares.

Each Ordinary Share has one voting right.  No Ordinary Shares are held in treasury.  Accordingly, the total number of voting rights will be 169,555,462 and this figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Katoro under the FCA's Disclosure Guidance and Transparency Rules

Following the issue of the MXS Fee Shares and Admission, Kibo will be interested, in aggregate, in 92,538,739 Ordinary Shares representing approximately 54.58% of the Company's then issued share capital.

**ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

For further information please visit www.katorogold.com or contact:

Louis Coetzee	[e-mail]	Katoro Gold plc	Executive Chairman
Richard Tulloch Ritchie Balmer Frederick Twist	[phone]	Strand Hanson Limited	Nominated Adviser
Ben Tadd Tom Curran	[phone]	SVS Securities	Broker
Isabel de Salis	[phone]	St Brides Partners Ltd	Investor and Media Relations Adviser

 

END

 

 

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