REG - Kazera Global PLC - Director/PDMR Shareholding

Kazera GlobalAnnouncement

27/05/2025 10:30

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RNS Number : 2363K  Kazera Global PLC  27 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.

 

 

27 May 2025

 

Kazera Global plc

("Kazera" or "the Company")

 

Director/PDMR shareholding

 

Kazera Global plc, the AIM-quoted investment company, announces that, further
to its announcement on 15 May 2025, in which it announced that Dennis Edmonds,
Chief Executive Officer of the Company, had exercised 10,000,000 options over
Ordinary shares of 0.1p each in the Company ("Ordinary Shares"), Mr Edmonds
sold 9,655,621 Ordinary Shares at a price of £0.0145 on 23 May 2025 to meet
the associated exercise costs and estimated tax liabilities.

 

In aggregate, following the exercise of the aforementioned share options and
subsequent disposal, Mr Edmonds' interest in Ordinary Shares has increased by
344,379 Shares, net.

 

Dennis Edmonds' beneficial interest in the Company is now 16,840,510 Ordinary
Shares, representing 1.71% of the Company's issued share capital.

 

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.

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

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Dennis Edmonds
 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                                                         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                                    Disposal
 c)  Currency                                                     GBP

 d)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
     £0.0145                                                                                  9,655,621

 e)  Aggregated information

     - Aggregated volume

     - Price                                                      9,655,621

     - Aggregated total

                                                                  £0.0145

                                                                  £140,006.50
 f)  Date of the transaction                                      23 May 2025
 g)  Place of the transaction                                     London Stock Exchange, AIM

 

**ENDS**

 

 

 Kazera Global plc                                                kazera@stbridespartners.co.uk (mailto: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 (mailto: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.

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