REG - Kazera Global PLC - Exercise of Share Options and TVR

Kazera GlobalAnnouncement

Mon 08:15

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RNS Number : 1926J  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")

 

Exercise of Share Options and TVR

 

Kazera Global plc, the AIM-quoted investment company, announces that it has
received notice from a non-PDMR of the exercise of 5,000,000 options over
ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an exercise
price of 1p per Ordinary Share ("Options").

 

 

Admission to trading on AIM

Application will be made to the London Stock Exchange for admission of the
5,000,000 Ordinary Shares to be admitted to trading on AIM ("Admission") and
it is expected that Admission will take place at 8.00am on or around 22 May
2025. The new Ordinary Shares will, upon issue, rank pari passu with the
Company's existing issued Ordinary Shares.

 

 

Total Voting Rights

Following Admission, the Company's issued ordinary share capital will comprise
983,710,470 Ordinary Shares of 0.1p each, with one voting right each. The
Company does not hold any Ordinary shares in treasury. Therefore, the total
number of Ordinary Shares and voting rights in the Company is 983,710,470.

 

The above figure may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

**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.

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