Grant of Share Options

RNS Number : 3098O

Kennedy Ventures PLC

17 August 2017

 

17 August 2017

Kennedy Ventures plc

Grant of Share 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 Investments mine (historically referred to as the Tantalite Valley Mine) in Namibia, announces that on 17 August 2017, the Board granted options ("Options") to Larry Johnson, over 10,000,000 new ordinary shares of 1p each ("Ordinary Shares"), exercisable at 6p per Ordinary Share. The Options represent 3.98 per cent of the current issued share capital.

The Options will vest over a three-year period, 3,300,000 in 2018 and 2019 and 3,400,000 in 2020 and are subject to certain performance related conditions.

There was no consideration paid upon the grant of the Options and the Options expire on the third anniversary of their vesting.

Director	Options Granted	Vesting Date	Expiry Date	Exercise Price (per Ordinary Share)
Larry Johnson	3,300,000	17 August 2018	17 August 2021	6p
	3,300,000	17 August 2019	17 August 2022	6p
	3,400,000	17 August 2020	17 August 2023	6p
Total	10,000,000

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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

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

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.       

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Larry Johnson
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	Kennedy Ventures plc
b)	LEI	n/a
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 1 pence
	Identification code	GB00B830HW33
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 6p 10,000,000
d)	Aggregated information: ·      Aggregated volume ·      Price	10,000,000 options over ordinary shares of 1 pence each (granted) at 6 pence per ordinary share
e)	Date of the transaction	17 August 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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