Director/PDMR Shareholding & TVR

RNS Number : 9209R

Kavango Resources PLC

11 July 2022

 

PRESS RELEASE

 8 July 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Issue of Shares

Total Voting Rights

PDMR Dealing

Issue of Shares and PDMR Dealing

On 11 August 2021, Kavango announced its agreement with Michael Moles, a non-executive director, to settle his directors' fees (net of statutory deductions) in shares. Accordingly, Kavango announces it is now issuing 183,874 new ordinary shares of 0.001 each in the Company to Michael Moles ("Director Shares").

This issue of shares relates to the period 1 April 2022 to 30 June 2022. The number of shares due has been calculated based upon the average closing price of the Company's shares over that quarter. The issue price of the shares is 2.00 pence per share, being the closing price on 7 July 2022.

Admission and Total Voting Rights

Application will be made for the Director Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and dealings in the Director Shares will commence at 8.00 am on or around 15 July 2022.

Following Admission, the total issued share capital of the Company will consist of 435,645,926 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 435,645,926 and this figure 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 in their interest, in the share capital of the Company. 

An updated Total Voting Rights announcement will be made by the Company following admission, in accordance with the requirements of DTR 5.6.

PDMR Dealing - Issue of Director Shares

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Michael Moles
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	Kavango Resources plc
b)	LEI	2138007PZJFATXWUTS29
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 0.001 each
	Identification code	ISIN:  GB00BF0VMV24
b)	Nature of the transaction	Issue of ordinary shares of 0.001 each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0200	183,874
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2022-07-08
f)	Place of the transaction	Outside a Trading Venue

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc   

Ben Turney

[e-mail]

First Equity (Joint Broker)

[phone]

Jason Robertson 

SI Capital Limited (Joint Broker) 

[phone]

Nick Emerson

 

END

 

 

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