Grant of Share Options

Kazera Global

28/04/2026 17:29

RNS Number : 2814C

Kazera Global PLC

28 April 2026

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

28 April 2026

Kazera Global plc

("Kazera" or the "Company")

 

Grant of Share Options

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, has approved the creation of a pool of up to 150,000,000 options over its Ordinary shares of 0.1 pence each ("Ordinary Shares") under the Company's EMI and Unapproved Share Option Scheme ("Options"), subject to shareholder approval at a general meeting.

 

A total of 135,000,000 of the Options have been granted to certain directors and members of management under the Company's share option scheme, with such grants also conditional upon shareholder approval at the general meeting.

 

The award of the Options is structured in three tranches as follows:

Tranche
Exercise Price
Premium to mid-market close on 27/04/26
Option Life
No. Granted
Vesting Condition
1
£0.001
n/a
2 years
50,000,000
Bloomberg closing mid-market price of Ordinary Shares ≥ 2p for 90 consecutive calendar days, being a premium of 74% to the closing mid-market price on 27 April 2026
2
£0.025
163%
2 years
25,000,000
50% at the commencement of each year
3
£0.035
268%
3 years
60,000,000
33.3% at the commencement of each year
Total
135,000,000


 

With the exception of the first tranche, which is subject to a 90-day share price vesting hurdle of 2p per share, the premium at which the exercise price of each Option has been set was determined by reference to the closing mid-market price of 1.15 pence per Ordinary Share on 27 April 2026, being the date prior to the grant of the Options.

 

Optionholder
Date of grant
Expiry Date
Exercise Price
No. options
Geoffrey Eyre
28 April 2026
27 April 2028
£0.001
12,500,000
Geoffrey Eyre
28 April 2026
27 April 2028
£0.025
6,250,000
Geoffrey Eyre
28 April 2026
27 April 2029
£0.035
15,000,000
Geoffrey Eyre
33,750,000
Johan Hattingh
28 April 2026
27 April 2028
£0.001
10,000,000
Johan Hattingh
28 April 2026
27 April 2028
£0.025
5,000,000
Johan Hattingh
28 April 2026
27 April 2029
£0.035
11,250,000
Johan Hattingh
26,250,000
Paul Dulieu
28 April 2026
27 April 2028
£0.001
10,000,000
Paul Dulieu
28 April 2026
27 April 2028
£0.025
5,000,000
Paul Dulieu
28 April 2026
27 April 2029
£0.035
11,250,000
Paul Dulieu
26,250,000
Other Management
28 April 2026
27 April 2028
£0.001
17,500,000
Other Management
28 April 2026
27 April 2028
£0.025
8,750,000
Other Management
28 April 2026
27 April 2029
£0.035
22,500,000
Other Management
48,750,000

 

The structure and allocation of the Options is designed to provide strong alignment of the Board and Management with shareholders, such that the value of the Options is materially dependent on substantial share price appreciation, which the Board believes will only be achieved by delivering significantly improved operational performance.

 

The Options represent approximately 13.6% per cent. of the Company's current issued share capital.

 

Related Party Transaction

The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors independent of the award of Options, being Richard Jennings and John Wardle, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, consider the terms of the transaction to be fair and reasonable insofar as the Company's shareholders are concerned.

 

Richard Jennings, Interim Chief Executive Officer of Kazera, commented:

"The option awards announced today demonstrate clear alignment between the Board, our South Africa based management team and shareholders. Participants will only benefit through sustained share price appreciation, with performance targets set at levels we believe are both stretching and achievable.

"With the recent strengthening of the Board composition and breadth of skills sets now in place, the entire team is aligned and focused on delivering long-awaited value from both our South African and Namibian mining assets."

 

PDMR Disclosures

The notifications below are made in accordance with the requirements of the UK Market Abuse Regulation.

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Geoffrey Eyre
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Kazera Global 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
Identification code
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33
b)
Nature of the transaction
Grant of options over Ordinary Shares of 0.1 pence each under the Kazera Global Plc Unapproved Share Option Plan
c)
Price(s) and volume(s)
Tranche 1 Exercise price: 0.1 pence
Volume: 12,500,000
Tranche 2 Exercise price: 2.5 pence
Volume: 6,250,000
Tranche 3 Exercise price: 3.5 pence
Volume: 15,000,000
d)
Aggregated information
- Aggregated volume
- Price
33,750,000
Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)
Date of the transaction
28 April 2026
f)
Place of the transaction
Outside of a trading venue

  

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Dulieu
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Kazera Global 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
Identification code
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33
b)
Nature of the transaction
Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global Plc Unapproved Share Option Plan
c)
Price(s) and volume(s)
Tranche 1 Exercise price: 0.1 pence
Volume: 10,000,000
Tranche 2 Exercise price: 2.5 pence
Volume: 5,000,000
Tranche 3 Exercise price: 3.5 pence
Volume: 11,250,000
d)
Aggregated information
- Aggregated volume
- Price
26,250,000
Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)
Date of the transaction
28 April 2026
f)
Place of the transaction
Outside of a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Dr. Johan Hattingh
2
Reason for the notification
a)
Position/status
Executive Director (Technical Director)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Kazera Global 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
Identification code
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33
b)
Nature of the transaction
Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global plc Unapproved Share Option Plan
c)
Price(s) and volume(s)
Tranche 1 Exercise price: 0.1 pence
Volume: 10,000,000
Tranche 2 Exercise price: 2.5 pence
Volume: 5,000,000
Tranche 3 Exercise price: 3.5 pence
Volume: 11,250,000
d)
Aggregated information
- Aggregated volume
- Price
26,250,000
Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e)
Date of the transaction
28 April 2026
f)
Place of the transaction
Outside of a trading venue

 

For further information, visit www.kazeraglobal.com or contact:

 

Kazera Global plc
Geoff Eyre, Non-Executive Chairman
kazera@stbridespartners.co.uk
Strand Hanson Limited (Nominated, Financial Adviser and Broker)
Christopher Raggett / Ritchie Balmer
Tel: +44 (0)207 409 3494
Zeus Capital Limited (Joint Broker)
Harry Ansell / Simon Johnson / Katy Mitchell
Tel: +44 (0)203 829 5000
St Brides Partners Limited (Financial PR)
Isabel de Salis / Charlotte Page
kazera@stbridespartners.co.uk

 

Notes

Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.

 

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