REG - Kazera Global PLC - Grant of Share Options
Tue 17:30
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RNS Number : 2814C Kazera Global PLC 28 April 2026
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.
28 April 2026
Kazera Global plc
("Kazera" or the "Company")
Grant of Share Options
Kazera Global plc (AIM: KZG), the AIM-quoted investment company, has approved
the creation of a pool of up to 150,000,000 options over its Ordinary shares
of 0.1 pence each ("Ordinary Shares") under the Company's EMI and Unapproved
Share Option Scheme ("Options"), subject to shareholder approval at a general
meeting.
A total of 135,000,000 of the Options have been granted to certain directors
and members of management under the Company's share option scheme, with such
grants also conditional upon shareholder approval at the general meeting.
The award of the Options is structured in three tranches as follows:
Tranche Exercise Price Premium to mid-market close on 27/04/26 Option Life No. Granted Vesting Condition
1 £0.001 n/a 2 years 50,000,000 Bloomberg closing mid-market price of Ordinary Shares ≥ 2p for 90
consecutive calendar days, being a premium of 74% to the closing mid-market
price on 27 April 2026
2 £0.025 163% 2 years 25,000,000 50% at the commencement of each year
3 £0.035 268% 3 years 60,000,000 33.3% at the commencement of each year
Total 135,000,000
With the exception of the first tranche, which is subject to a 90-day share
price vesting hurdle of 2p per share, the premium at which the exercise price
of each Option has been set was determined by reference to the closing
mid-market price of 1.15 pence per Ordinary Share on 27 April 2026, being the
date prior to the grant of the Options.
Optionholder Date of grant Expiry Date Exercise Price No. options
Geoffrey Eyre 28 April 2026 27 April 2028 £0.001 12,500,000
Geoffrey Eyre 28 April 2026 27 April 2028 £0.025 6,250,000
Geoffrey Eyre 28 April 2026 27 April 2029 £0.035 15,000,000
Geoffrey Eyre 33,750,000
Johan Hattingh 28 April 2026 27 April 2028 £0.001 10,000,000
Johan Hattingh 28 April 2026 27 April 2028 £0.025 5,000,000
Johan Hattingh 28 April 2026 27 April 2029 £0.035 11,250,000
Johan Hattingh 26,250,000
Paul Dulieu 28 April 2026 27 April 2028 £0.001 10,000,000
Paul Dulieu 28 April 2026 27 April 2028 £0.025 5,000,000
Paul Dulieu 28 April 2026 27 April 2029 £0.035 11,250,000
Paul Dulieu 26,250,000
Other Management 28 April 2026 27 April 2028 £0.001 17,500,000
Other Management 28 April 2026 27 April 2028 £0.025 8,750,000
Other Management 28 April 2026 27 April 2029 £0.035 22,500,000
Other Management 48,750,000
The structure and allocation of the Options is designed to provide strong
alignment of the Board and Management with shareholders, such that the value
of the Options is materially dependent on substantial share price
appreciation, which the Board believes will only be achieved by delivering
significantly improved operational performance.
The Options represent approximately 13.6% per cent. of the Company's current
issued share capital.
Related Party Transaction
The grant of the Director Options is considered to be a related party
transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors
independent of the award of Options, being Richard Jennings and John Wardle,
having consulted with the Company's Nominated Adviser, Strand Hanson Limited,
consider the terms of the transaction to be fair and reasonable insofar as the
Company's shareholders are concerned.
Richard Jennings, Interim Chief Executive Officer of Kazera, commented:
"The option awards announced today demonstrate clear alignment between the
Board, our South Africa based management team and shareholders. Participants
will only benefit through sustained share price appreciation, with performance
targets set at levels we believe are both stretching and achievable.
"With the recent strengthening of the Board composition and breadth of skills
sets now in place, the entire team is aligned and focused on delivering
long-awaited value from both our South African and Namibian mining assets."
PDMR Disclosures
The notifications below are made in accordance with the requirements of the UK
Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Geoffrey Eyre
2 Reason for the notification
a) Position/status Non-Executive 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) LEI 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 in Kazera Global Plc
Identification code
ISIN: GB00B830HW33
b) Nature of the transaction Grant of options over Ordinary Shares of 0.1 pence each under the Kazera
Global Plc Unapproved Share Option Plan
c) Price(s) and volume(s) Tranche 1 Exercise price: 0.1 pence
Volume: 12,500,000
Tranche 2 Exercise price: 2.5 pence
Volume: 6,250,000
Tranche 3 Exercise price: 3.5 pence
Volume: 15,000,000
d) Aggregated information
- Aggregated volume 33,750,000
- Price Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e) Date of the transaction 28 April 2026
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Dulieu
2 Reason for the notification
a) Position/status Non-Executive Director
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) LEI 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 in Kazera Global Plc
Identification code
ISIN: GB00B830HW33
b) Nature of the transaction Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera
Global Plc Unapproved Share Option Plan
c) Price(s) and volume(s) Tranche 1 Exercise price: 0.1 pence
Volume: 10,000,000
Tranche 2 Exercise price: 2.5 pence
Volume: 5,000,000
Tranche 3 Exercise price: 3.5 pence
Volume: 11,250,000
d) Aggregated information
- Aggregated volume 26,250,000
- Price Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e) Date of the transaction 28 April 2026
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dr. Johan Hattingh
2 Reason for the notification
a) Position/status Executive Director (Technical Director)
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) LEI 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 in Kazera Global Plc
Identification code
ISIN: GB00B830HW33
b) Nature of the transaction Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera
Global plc Unapproved Share Option Plan
c) Price(s) and volume(s) Tranche 1 Exercise price: 0.1 pence
Volume: 10,000,000
Tranche 2 Exercise price: 2.5 pence
Volume: 5,000,000
Tranche 3 Exercise price: 3.5 pence
Volume: 11,250,000
d) Aggregated information
- Aggregated volume 26,250,000
- Price Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices)
e) Date of the transaction 28 April 2026
f) Place of the transaction Outside of a trading venue
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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