REG - Kazera Global PLC - Board Changes and Appointment of Directors

Kazera GlobalAnnouncement

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RNS Number : 4339Z  Kazera Global PLC  07 April 2026

7 April 2026

Kazera Global plc

("Kazera" or the "Company")

 

Board Changes and Appointment of Directors

 

Kazera Global plc, the AIM-quoted investment company, announces a number of
Board changes with immediate effect.

 

Key Points:

·      Richard Jennings appointed Executive Director and Interim Chief
Executive Officer

·      Geoff Eyre appointed Non-Executive Chairman

·    Intention to appoint Dr Johan Hattingh as Executive Director
(Technical Director), subject to standard regulatory due diligence

·      Paul Dulieu appointed Independent Non-Executive Director

·    Dr John Wardle steps down as Non-Executive Chairman and remains on
the Board as a Non-Executive Director

·      Dennis Edmonds steps down from the Board and resigns as Chief
Executive Officer

 

Richard Jennings, the Company's largest shareholder, has been appointed as an
Executive Director and Interim Chief Executive Officer for an anticipated
initial six-month term. The Company intends to appoint Dr Johan Hattingh as
Executive Director (Technical Director), subject to the completion of standard
regulatory due diligence, and Paul Dulieu has been appointed as an Independent
Non-Executive Director.

 

Dr John Wardle has stepped down as Non-Executive Chairman and will remain on
the Board as a Non-Executive Director, with Geoff Eyre, previously a
Non-Executive Director, appointed as Non-Executive Chairman.

 

Dennis Edmonds has stepped down from the Board and has resigned as Chief
Executive Officer with immediate effect. The Board wishes Dennis well in his
future endeavours.

 

The reconstituted Board reflects a renewed focus on strengthening leadership,
technical capability, governance and execution as it progresses a period of
increased operational and corporate activity across its portfolio of
investments.

 

The Company is also in advanced discussions with a potential new operating
partner to support the optimisation of production and improvement in product
quality and volumes at its heavy mineral sands projects. Further updates will
be provided on these matters in due course.

 

Richard Jennings - Executive Director and Interim Chief Executive Officer

Richard began his career in stockbroking in the early 1990s before becoming a
fund manager for one of the UK's largest public pension funds, the West
Yorkshire Pension Fund, and subsequently working as an analyst in the City
until 2001.

 

He then pursued property development ventures in both the US and South Africa,
before founding and successfully exiting a number of private businesses,
including Align Research Ltd, which specialised in the provision of financial
research for small-cap stocks, with a particular focus on mining companies.

 

Richard is currently Chief Executive Officer of Catalyse Capital Ltd, a
specialist provider of finance to public companies.

 

Dr. Johan Hattingh - Proposed Executive Director (Technical Director)

Dr Johan Hattingh, who is proposed to be appointed as Executive Director
(Technical Director) subject to the completion of standard regulatory due
diligence, is a South Africa based geologist with over 30 years' experience in
the mining and exploration sector, with particular expertise in heavy mineral
sands, diamonds and alluvial systems.

 

He has worked closely with the Company for several years and has an in-depth
understanding of its projects, including responsibility for the preparation of
the Mineral Resource Estimate relating to its current heavy mineral sands and
diamond projects.

 

Johan has held senior roles at the Geological Survey of South Africa, the
Council for Geoscience and Trans Hex Mining Ltd, and is the Chief Executive
Officer of Creo Design (Pty) Ltd, an exploration and resource development
consultancy.

 

He has extensive experience in the development and establishment of mining
operations, as well as in the preparation of Competent Persons Reports and
Mineral Resource Estimates for mining projects and listed companies on
international exchanges. He is a Qualified Person for the purposes of the AIM
Rules.

 

Paul Dulieu - Independent Non-Executive Director

Paul has more than 20 years' experience working with listed companies across
the mining, energy, technology and industrial sectors, supporting Boards, CEOs
and senior management teams on operational delivery, corporate development and
investor engagement.

 

He has worked closely with the Company for over three years in a consultancy
capacity, developing a detailed understanding of its projects and key
stakeholders.

 

Paul previously served as Director of Communications and Corporate Development
at Feronia Inc., a TSX-V listed agricultural business operating in the
Democratic Republic of Congo, where he played a central role in refinancing,
operational turnaround planning and stakeholder engagement across a multi-site
operation employing approximately 4,000 people.

 

He is the founder of Redbine Ltd, a corporate advisory and communications
firm, and is also a consultant to St Brides Partners Ltd.

 

Richard Jennings, Interim Chief Executive Officer, commented:

"Having closely followed and supported the Company over a number of years, and
with deep knowledge of the projects, including from catalysing the original
deal vend into Kazera in 2020, and, of course, as Kazera's largest
shareholder, I am pleased to be joining the Board at this stage and to be
working more directly with the bolstered team as it moves into its next phase.
My immediate focus will be bringing to a conclusion the long awaited award of
the pivotal 2A licence and also monetising our Aftan project in Namibia.

 

"My motivation is very simple: the long awaited maximisation of value
realisation from our assets in both South Africa and Namibia."

 

Geoff Eyre, Non-Executive Chairman, commented:

"The changes we are announcing today mark an important step in repositioning
the Company to accelerate the pace with which the Company's strategic
priorities are achieved.

 

"The Board has been restructured to bring a complementary range of skills
across capital markets, technical expertise and operational delivery,
strengthening both leadership and governance as the Company progresses its
strategic priorities.

 

"Richard has been a long-term and supportive shareholder of the Company, and
his appointment as Interim Chief Executive Officer further aligns shareholder
interests with the future direction of the business. Richard joining the board
alongside John Wardle, the Company's second largest shareholder, underlines
the belief of the Company's largest shareholders in the fundamentals of the
business and its potential to deliver significant shareholder value.

 

"Johan's appointment as Technical Director strengthens the Board's technical
capability and brings deep expertise and knowledge of the Company's asset
base, particularly in relation to the development and establishment of mining
operations.

 

"Paul has worked closely with the Company for a number of years and brings a
detailed understanding of our projects and the practical challenges associated
with delivering them, which will be important as we move forward.

 

"Drawing on my own restructuring and operational turnaround experience, most
recently with Hummingbird Resources PLC's assets, I believe that following
this reset the Board is now appropriately structured and resourced to deliver
meaningful value by delivering on the following:

I.    Ensuring that our South African projects rapidly move towards
sustainable, cash generative production;

II.   Addressing the Aftan situation; and

III.  Progressing the expected granting of the 2A Mining Right.

 

"Additionally, alongside these changes, we are evaluating potential
operational partner options to support the optimisation of production and
improvements in product quality and volumes at our heavy mineral sands
projects."

 

Regulatory Disclosures:

The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies:

 

Richard Stephen Jennings, aged 52, holds or has previously held the following
directorships:

 Current directorships and/or partnerships  Former directorships and/or partnerships (within the last five years)
 Catalyse Capital Limited                   West Coast Mining Ventures Limited
 Catalyse Capital Holdings Limited          Karma Squared Limited
                                            Optimo Holdings Ltd
                                            Optimo Research Ltd

 

Mr Jennings currently hold an interest over 243,737,770 ordinary shares in
Kazera Global plc, representing 22.1 per cent. of the issued ordinary share
capital through Catalyse Capital Ltd & Related parties RS & CA
Jennings.

 

Mr Jennings also holds a Contract for Difference over 38,000,000 shares
representing 3.44 per cent. of the Company's issued ordinary share capital and
the right to exercise 17,080,000 warrants over new ordinary shares at an
exercise price of 2.5 pence with an expiry date of 21 December 2026.

 

In addition to the above, in August 2024 Mr Jennings entered into an unsecured
loan facility with the Company. Per the announcement on 28 October 2025 the
loan facility was extended to 30 April 2026 and the balance of the loan
outstanding is currently £187,800.

 

There is no further information required to be disclosed in relation to Mr
Jennings under Schedule Two of the AIM Rules for Companies.

 

Paul Dulieu, aged 53, holds or has previously held the following
directorships:

 

 Current directorships and/or partnerships                                       Former directorships and/or partnerships (within the last five years)
 Redbine Ltd
 Our Lady of Ransom Catholic Primary School (Part of the Assisi Catholic Trust)

 

Mr Dulieu does not hold any shares, options or warrants in the Company as at
the date of this announcement.

 

There is no further information required to be disclosed in relation to Mr
Dulieu under Schedule Two of the AIM Rules for Companies.

 

ENDS

 

For further information, visit www.kazeraglobal.com
(http://www.kazeraglobal.com) or contact:

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk

 Geoff Eyre, Non-Executive Chairman
 Strand Hanson Limited (Nominated, Financial Adviser and Broker)  Tel: +44 (0)207 409 3494

 Christopher Raggett / Ritchie Balmer
 Zeus Capital Limited (Joint Broker)                              Tel: +44 (0)203 829 5000

 Harry Ansell / Simon Johnson / Katy Mitchell
 St Brides Partners Limited (Financial PR)                        kazera@stbridespartners.co.uk

 Isabel de Salis / Charlotte Page

 

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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