REG - Caracal Gold PLC - Director Share Purchase

Caracal GoldAnnouncement

28/04/2022 14:45

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RNS Number : 7475J  Caracal Gold PLC  28 April 2022

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

28 April 2022

Caracal Gold plc ('Caracal' or the 'Company')

Director Share Purchase

 

Caracal Gold plc, the expanding East African gold producer with over 650,000oz
JORC-compliant gold resources, announces that its Chief Executive, Robbie
McCrae, has purchased 4,050,000 ordinary shares in the Company at an average
price of 1.0386p per share for a total cost of £42,062.00, as set out below.

 

Following these purchases, Robbie McCrae owns 102,500,000 ordinary shares,
representing 5.6 per cent of the issued share capital in the Company.

 

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

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                                         Mr Robbie McCrae
 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                                                                         Caracal Gold plc
 b)   LEI                                                                          213800YH9S57GVOPU624
 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 Identification   Ordinary shares of no par value each
      code

                                                                                    ISIN: GB00BYZC5R04
 b)   Nature of the transaction                                                    Ordinary shares of £0.001 par value each

      Price     Volume
                                                                                      0.00937

 c)   Price(s) and volume(s)                                                          0.0094    100,000

                                                                                      0.0098    300,000

                                                                                      0.01      400,000

                                                                                      0.0102    200,000

                                                                                      0.0104    200,000

                                                                                      0.0105    800,000

                                                                                      0.011     1,300,000

                                                                                      0.01125   350,000

                                                                                      0.0115    300,000

                                                                                           100,000
 d)   Aggregated information:

      Aggregated volume                                                            4,050,000.00 ordinary share

      Aggregated Price                                                             1.0386p

      Aggregated total                                                             £42,062.00

 e)   Date of the transaction                                                      25-27 April 2022
 f)   Place of the transaction                                                     Outside of a trading venue

d)

 

Aggregated information:

Aggregated volume

Aggregated Price

Aggregated total

 

4,050,000.00 ordinary share

1.0386p

£42,062.00

 

e)

Date of the transaction

25-27 April 2022

f)

Place of the transaction

Outside of a trading venue

 

Prior to this announcement's release, the statement contained inside
information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR)
(Market Abuse Regulation).

 

** ENDS **

 

For further information visit www.caracalgold.com or contact the following:

 

 Caracal Gold plc                                  info@caracalgold.com

 Robbie McCrae

 Sheila Boit
 VSA Capital Ltd                                   +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)
 Clear Capital Markets Limited

 Joint Broker                                      +44 203 897 0981 / +44 203 869 6086

 Keith Swann / Jon Critchley

 St Brides Partners Ltd                            info@stbridespartners.co.uk

  Financial PR

 Oonagh Reidy / Charlotte Page / Isabelle Morris
 DGWA, the German Institute for Asset and          info@dgwa.org

 Equity Allocation and Valuation

 European Investor and Corporate

 Relations Advisor

 Stefan Müller / Katharina Löckinger

Notes

Caracal Gold plc is an emerging East African focused gold producer with a
clear path to grow production and resources both organically and through
strategic acquisitions. Its aim is to rapidly increase production to +50,000oz
p.a. and build a JORC compliant resource base of +3Moz.

 

Caracal is executing its growth strategy beyond its 100% owned Kilimapesa Mine
in Kenya by acquiring additional assets in Tanzania in order to grow group
resources.   Its experienced team, with proven track record in successfully
developing and operating mining projects throughout Africa continues to review
other complementary and strategically located projects in East Africa.

 

Caracal is a responsible mining and exploration company and supports the
positive social and economic change that it contributes to the communities in
the regions that it operates. It is a proudly East African-focused company: it
buys locally, employs locally, and protects the environment and its employees
and their families' health, safety, and wellbeing.

 

Caracal's shares are quoted on the Main Market of the London Stock Exchange
(LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the
Nairobi Securities Exchange is underway.

 

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