REG - Kazera Global PLC - Exercise of Share Options

Kazera GlobalAnnouncement

02/04/2025 09:15

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RNS Number : 3280D  Kazera Global PLC  02 April 2025

2 April 2025

 

Kazera Global plc

("Kazera" or "the Company")

 

Exercise of Share Options

 

Kazera Global plc, the AIM-quoted investment company, announces that it has
allotted a total of 5,000,000 Ordinary shares in the Company to satisfy the
exercise of share options at an exercise price of £0.01 per Ordinary share.

 

Application will be made for the 5,000,000 Ordinary shares to be admitted to
trading on AIM ("Admission") and Admission is expected to take place at or
around 8.00am on 7 April 2025.

 

The new Ordinary Shares issued pursuant to the exercise of options will rank
pari passu with the Company's existing issued Ordinary shares.

 

Following the issue of the 5,000,000 Ordinary Shares, the Company's issued
ordinary share capital will comprise 968,710,470 ordinary shares of £0.001
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 968,710,470.

 

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 is subject to receipt of full
consideration proceeds. Aftan has been deconsolidated from the Company's
financial statements with effect from 4 January 2023 because in accordance
with the terms of the sale agreement, it has relinquished control of the Aftan
in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei
Xinjian") with effect from that date. Kazera retains the right to cancel the
transaction and retain all amounts paid to date in the event of default by
Hebei Xinjian. The Company has now instituted legal proceedings against Hebei
for payment of the balance due to it.

 

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

 

 

 

 

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