REG - Kazera Global PLC - Director/PDMR Shareholding and Holdings in Company

Kazera GlobalAnnouncement

Mon 15:15

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RNS Number : 2650J  Kazera Global PLC  19 May 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

 

19 May 2025

 

Kazera Global plc

("Kazera" or the "Company")

 

Director/PDMR Shareholding and Holdings in Company

 

Kazera Global plc, the AIM-quoted investment company, has been notified that
Tracarta Limited (a company of which John Wardle, Chairman of Kazera, is a
significant shareholder), has acquired 30,000,000 ordinary shares in the
Company ("Ordinary Shares") at a price of 2 pence per Ordinary Share.
Tracarta has also acquired warrants over 20,000,000 Ordinary Shares
("Warrants") from the Company's largest shareholder, Catalyse Capital Ltd.

 

The Warrants are exercisable at a price of £0.01 per share until 8 August
2030. The overall number of warrants in issue remains unchanged.

 

**ENDS**

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk

 Dennis Edmonds, CEO
 Strand Hanson Limited (Nominated, Financial Adviser and Broker)  Tel: +44 (0)207 409 3494

 Christopher Raggett / Ritchie Balmer
 St Brides Partners Limited (Financial PR)                        kazera@stbridespartners.co.uk

 Paul Dulieu / Isabel de Salis

 

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and
expertise of its Board of Directors to develop early-stage mineral exploration
and development assets towards meaningful cashflow and production. Its three
principal investments are as follows:

 

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay,
South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which
74% is held beneficially by Kazera and 26% is held on behalf of Black Economic
Empowerment partners.

 

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and
zircon)  through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals
together with the benefit of a loan facility entitling it to receive
approximately £38m out of dividends from the other shareholders.

 

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera  agreed to dispose of African
Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a
debenture payment of 2.5% of the gross sales of produced lithium and tantalum
for life-of-mine. Completion of the sale was subject to receipt of full
consideration proceeds. Aftan was deconsolidated from the Company's financial
statements with effect from 4 January 2023 because, in accordance with the
terms of the sale agreement, it had relinquished control of Aftan in favour of
the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with
effect from that date. Kazera retained the right to cancel the transaction and
retain all amounts paid to date in the event of default by Hebei Xinjian.
Following default by Hebei Xinjian, Kazera initiated legal proceedings in
September 2024, which have now concluded in Kazera's favour with an
arbitration award exceeding US$11.9 million, including interest, plus coverage
of legal costs. Kazera is now assessing the most effective legal and
commercially beneficial avenues to enforce the award and recover the full
amount due.

 

 

 The Company will consider additional investment opportunities as
appropriate, having regard to the Group's future cash flow requirements.

 

Further Regulatory Disclosures

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Tracarta Limited
 2   Reason for the notification
 a)  Position/status                                              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)  Legal Entity Identifier                                      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  Ordinary shares of 0.1 pence each

     Identification code

                                                                  GB00B830HW33

 b)  Nature of the transaction                                    Purchase of Ordinary shares
 c)  Currency                                                     GBP
 d)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     £0.02                                                                                    30,000,000

 e)  Aggregated information

     - Aggregated volume                                          30,000,000

     - Price

     - Aggregated total

                                                                  £600,000
 f)  Date of the transaction                                      16 May 2025
 g)  Place of the transaction                                     Off market

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Tracarta Limited
 2   Reason for the notification
 a)  Position/status                                              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)  Legal Entity Identifier                                      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  Warrants over Ordinary shares of 0.1 pence each, exercisable at a price of 1p

                                                            per Ordinary share, expiring 8 August 2030

     Identification code

                                                                  n/a

 b)  Nature of the transaction                                    Acquisition of share warrants
 c)  Currency                                                     GBP

 d)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
     Nil                                                                                                   20,000,000

 e)  Aggregated information

     - Aggregated volume                                          20,000,000

     - Price

     - Aggregated total

                                                                  Nil
 f)  Date of the transaction                                      16 May 2025
 g)  Place of the transaction                                     Off market

 

 

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