Notification of PDMR and PCA dealings

RNS Number : 8053G

Kavango Resources PLC

28 July 2021

 

28 July 2021

Kavango Resources PLC

("Kavango" or "Company")

Notification of PDMR/PCA Dealings

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, provides the following additional information in relation to the subscription for 1,090,911 New Ordinary Shares in the Company ("Director Subscription Shares") and associated warrants announced on 6 July 2021.

Admission and Total Voting Rights

Application has been made for the Director Subscription 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 Director Subscription Shares and the shares allotted pursuant to the Placing announced on 5 July 2021 will commence at 8.00am on or around Monday 02 August 2021.

Following Admission, the total issued share capital of the Company will consist of 402,931,686 Ordinary Shares. Therefore, the total number of voting rights in the Company is 402,931,686 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.

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

Subscriptions

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Benjamin Turney
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	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	Subscription for ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.055	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-06
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dynamic Investor Relations
2	Reason for the notification
a)	Position/status	PCA with Benjamin Turney, 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	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	Subscription for ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.055	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-06
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Michael Edward Moles
2	Reason for the notification
a)	Position/status	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	Subscription for ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.055	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-08
f)	Place of the transaction	Outside a Trading Venue

Issue of Warrants

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Benjamin Turney
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	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	Warrants over Ordinary shares of £0.001 each.
	Identification code	ISIN: GB00BF0VMV24
b)	Nature of the transaction	Issue of warrants over ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.085	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-06
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dynamic Investor Relations
2	Reason for the notification
a)	Position/status	PCA with Benjamin Turney, 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	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	Warrants over Ordinary shares of £0.001 each.
	Identification code	ISIN: GB00BF0VMV24
b)	Nature of the transaction	Issue of warrants over ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.085	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-06
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Michael Edward Moles
2	Reason for the notification
a)	Position/status	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	Warrants over Ordinary shares of £0.001 each.
	Identification code	ISIN: GB00BF0VMV24
b)	Nature of the transaction	Issue of warrants over ordinary shares of £0.001 each.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.085	363,637
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	2021-07-08
f)	Place of the transaction	Outside a Trading Venue

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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 additional information please contact:

Kavango Resources plc 

Ben Turney

[e-mail]

[phone]

First Equity (Joint Broker)

[phone]

Jason Robertson 

SI Capital Limited (Joint Broker) 

[phone]

Nick Emerson

 

END

 

 

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