REG - Caracal Gold PLC - Director Share Purchase

Caracal GoldAnnouncement

21/09/2022 09:00

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RNS Number : 1262A  Caracal Gold PLC  21 September 2022

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

21 September 2022

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

Director Share Purchase

 

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, announces that its Chief Executive,
Robbie McCrae has purchased 1,500,000 ordinary shares the Company in an
off-market purchase at an average price of 0.99p per share for a total cost of
£14,852.70 as set out below. The Chief Operating Officer, Riaan Lombard, has
also purchased 1,500,000 ordinary shares the Company in an off-market purchase
at an average price of 0.99p per share for a total cost of £14,852.70 as set
out below.

 

Following these purchases, Robbie McCrae owns 104,000,000 ordinary shares,
representing 5.53% per cent of the issued share capital in the Company and
Riaan Lombard owns 1,500,000 ordinary shares, representing 0.08% 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
                                                                                      0.99p

                                                                                   1,500,000
 c)   Price(s) and volume(s)
 d)   Aggregated information:

      Aggregated volume                                                            1,500,000.00 ordinary share

      Aggregated Price                                                             0.99p

      Aggregated total                                                             £14,852.70

 e)   Date of the transaction                                                      16 September 2022
 f)   Place of the transaction                                                     Outside of a trading venue

d)

 

Aggregated information:

Aggregated volume

Aggregated Price

Aggregated total

 

1,500,000.00 ordinary share

0.99p

£14,852.70

 

e)

Date of the transaction

16 September 2022

f)

Place of the transaction

Outside of a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                                         Mr Riaan Lombard
 2    Reason for the notification
 a)   Position/status                                                              Executive Director and Chief Operating 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
                                                                                      0.99p

                                                                                   1,500,000
 c)   Price(s) and volume(s)
 d)   Aggregated information:

      Aggregated volume                                                            1,500,000.00 ordinary share

      Aggregated Price                                                             0.99p

      Aggregated total                                                             £14,852.70

 e)   Date of the transaction                                                      16 September 2022
 f)   Place of the transaction                                                     Outside of a trading venue

d)

 

Aggregated information:

Aggregated volume

Aggregated Price

Aggregated total

 

1,500,000.00 ordinary share

0.99p

£14,852.70

 

e)

Date of the transaction

16 September 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
 Clear Capital Markets Ltd                             +44 203 897 0981

 Joint Broker                                          +44 203 869 6086

 Keith Swann / Jonathan Critchley
 VSA Capital Ltd                                       +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca (Corporate Finance)

 Andrew Monk / David Scriven (Corporate Broking)
 St Brides Partners Ltd                                caracal@stbridespartners.co.uk

 Financial PR

 Charlotte Page / Isabel de Salis / Isabelle Morris
 DGWA, the German Institute for Asset and              info@dgwa.org

 Equity Allocation and Valuation

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes

Caracal Gold plc is an expanding 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
+50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  We are
progressing a well-defined mine optimisation strategy at our 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion
potential and ability to increase gold production to 24,000oz p.a. and the
resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our
experienced team, with proven track record in successfully developing and
operating mining projects throughout Africa, is reviewing other complementary
and strategically located gold mine and development 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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