REG - African Pioneer PLC - Director's Dealings and Shareholder Interest

African PioneerAnnouncement

03/01/2024 12:00

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RNS Number : 5420Y  African Pioneer PLC  03 January 2024

 

3 January 2024

African Pioneer Plc

 
("African Pioneer" or the "Company")

Director's Dealings & Shareholder Interest

 

African Pioneer (TIDM: AFP), the copper-gold exploration and development
company, announces that it has been notified by M&A Wealth Pty Ltd, a
member of the Concert Party, that on 29 December 2023 and 3 January 2024 it
has sold a total of 1,125,000 ordinary shares of no par value each in the
Company ("Shares") ("Share Sale") reducing its shareholding in the Company to
1,875,000 Shares representing 0.82% of the Company's issued share capital
("Total Voting Rights"). Of the Shares sold by M&A Wealth 375,000 Shares
representing in aggregate 0.164% of the Total Voting Rights were acquired by
the Company's Director Colin Bird at 1.6 pence ("Director's Share Purchase").
As a result of the Share Sale and the Director's Share Purchase, the
aggregated Concert Party interest has reduced from 44.8% to 44.49%.

 

Directors' updated shareholdings: The table below shows the current
shareholdings of Directors and their related parties as a percentage of Total
Voting Rights after the Director's Share Purchase:

 

                                       Shareholdings
 Director & Position                   Current     Director's Share Purchase                     Updated shareholding  % of Issued Share Capital
 Colin Bird: Chairman                  24,117,284  375,000                                       24,492,284            10.74%
 Raju Samtani: Finance Director        18,395,061  -                                             18,395,061            8.07%
 Christian Cordier Director            17,222,222  -                                             17,222,222            7.55%
 Kjeld Thygesen: Non Executive         1,033,334                       -                         1,033,334             0.45%
 James Cunnigham Davis: Non Executive  -           -                                             -                     Nil

 

For further information, please contact:

 African Pioneer Plc                           Tel +44 (0) 20 7581 4477

 Colin Bird, Chairman
 Beaumont Cornish Limited (Financial Adviser)  Tel +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Novum Securities Limited (Broker)             Tel +44 (0) 20 7399 9400

 Jon Belliss

 

or visit   https://africanpioneerplc.com/

 

 The information contained within this announcement is deemed by the Company to
 constitute inside information as stipulated under the Market Abuse Regulations
 (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
 European Union (Withdrawal) Act 2018 ("UK MAR").

 PDMR Notification Forms:

 The notifications below are made in accordance with the requirements of MAR.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Colin Bird
 2.  Reason for the Notification
 a)  Position/status                                              Executive Chairman & Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         African Pioneer PLC
 b)  LEI                                                          213800QQF8O18CMJPW43
 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 with no par value
     Identification code                                          ISIN: IM00B8C0HK22

                                                                  TIDM: AFP
 b)  Nature of the Transaction                                    Purchase of shares for £6,000

 c)  Price(s) and volume(s)                                       No. of Shares  375,000
                                                                  Price          1.6 pence
 d)  Aggregated information

     Aggregated volume                                            n/a
 e)  Date of the transaction                                      29 December 2023
 f)  Place of the transaction                                     XLON

 

d)

Aggregated information

Aggregated volume

 

n/a

 

e)

Date of the transaction

29 December 2023

 

f)

Place of the transaction

XLON

 

 

 

 

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