Exercise of Warrants and Total Voting Rights

RNS Number : 4235P

Kavango Resources PLC

18 October 2021

 

PRESS RELEASE

18 October 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Exercise of Warrants and Total Voting Rights

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 1,431,818 new ordinary shares of 0.001 each in the Company (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 1,250,000 warrants granted and announced on 15 April 2020 and 181,818 warrants granted and announced on 1 December 2020. Subscription monies of 38,977.27 have been received by Kavango in respect of these exercises.  

Admission and Total Voting Rights

Application will be made for the Warrant 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 that dealings in the Warrant Shares will commence at 8.00am on or around 21 October 2021.

Following Admission, the total issued share capital of the Company will consist of 406,358,959 Ordinary Shares. Therefore, the total number of voting rights in the Company following Admission will be 406,358,959 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.

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

 

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