Directors' Exercise of Options

RNS Number : 7551G

Kennedy Ventures PLC

06 March 2018

 

6 March 2018

Kennedy Ventures plc

Directors' Exercise of Options

Kennedy Ventures plc ("Kennedy Ventures" or "the Company), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia Tantalite Investment Mine in Namibia, announces that Giles Clarke, Chairman, and Nick Harrison, Director, have today each exercised options over 1,599,705 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 1.25 pence per Ordinary Share.

Following the exercise of these options, Mr Clarke will hold 10,499,410 Ordinary Shares in the capital of the Company, representing 4.12 per cent. of the Company's issued share capital and Mr Harrison will hold 8,832,743 Ordinary Shares in the capital of the Company, representing 3.47 per cent. of the Company's issued share capital. Westleigh Investments Holdings Limited ("WIHL"), a company wholly owned and controlled by Giles Clarke and Nick Harrison also has an interest in 10,338,095 Ordinary Shares, representing 4.06 per cent. of the Company's issued share capital.

The new Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the Company's existing issued Ordinary Shares. Application has been made for 3,199,410 new Ordinary Shares to be admitted to the AIM Market of the London Stock Exchange ("AIM"). Admission is expected to become effective on or around 12 March 2018 ("Admission").

Following Admission, the Company's issued share capital will comprise 254,716,503 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure of 254,716,503 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information on the Company, visit: www.kvplc.com, or contact:

Kennedy Ventures plc (c/o Camarco)	Tel: [phone]
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint broker) Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking)	Tel: [phone]
Shore Capital (Joint broker) Mark Percy / Toby Gibbs (corporate finance) Jerry Keen (corporate broking)	Tel: [phone]
Camarco (PR) Gordon Poole / James Crothers / Monique Perks	Tel: [phone]

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Giles Clarke
2.	Reason for the Notification
a)	Position/status	Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kennedy Ventures plc
b)	LEI	213800U4PZ148SFLGY26
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	Exercise of Options over Ordinary Shares
	Identification code	GB00B830HW33
b)	Nature of the transaction	Exercise of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.25p 1,599,705
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	5 March 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Harrison
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kennedy Ventures plc
b)	LEI	213800U4PZ148SFLGY26
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	Exercise of Options over Ordinary Shares
	Identification code	GB00B830HW33
b)	Nature of the transaction	Exercise of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.25p 1,599,705
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	5 March 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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