REG - Kendrick Resources - Director’s dealing and Total Voting Rights

Kendrick ResourcesAnnouncement

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RNS Number : 2420U  Kendrick Resources PLC  25 February 2026

25 February 2026

 

Kendrick Resources PLC

("Kendrick" or the "Company")

Director's dealing and Total Voting Rights

 

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development
company announces the Issue of new 17,531,200 ordinary shares of GBP0.0003
each ("Conversion Shares") to settle £350,624 of accrued fees ("the "Accrued
Fees") that would otherwise be payable by the Company. The Conversion Shares
will rank pari passu with the existing ordinary shares in the Company.

 

In accordance with the authority granted at its Annual General Meeting on 25
July 2025, the Company was authorised to settle accrued fees due to directors
and consultants based on the VWAP during the quarter to which the fees relate.
 The Accrued Fees relate to different periods but in each case the VWAP for
the period to which the Accrued Fees relate is approximately 1.0 pence (the
"VWAP Price").   The Company has however agreed with the parties to whom the
Accrued Fees are owed to settle the Accrued Fees at 2.0 pence being the
closing bid price on 24 February 2026 being the last practical date before the
date of this announcement and which is at a premium of approximately 100% to
the VWAP Price.

 

Of the £350,624 of accrued fees owed £289,374 are due to Directors and Lion
Mining Finance Ltd a company controlled by Chairman Colin Bird and are being
settled by the issue of a total of 14,468,700 Conversion Shares and £61,250
of the Accrued Fees were owed to consultants and are being settled by the
issue of 8,752,728 Conversion Shares. The total Conversion Shares being issued
to the Directors and their related parties equals 4.3% of the enlarged shares
in issue following the issue of the Conversion Shares. The table below shows
the Directors' shareholdings after the issue of the Conversion Shares

 

 

Application will be made to the London Stock Exchange for the 17,531,200
Conversion Shares  to be admitted to trading on the London Stock Exchange's
main market for listed securities ("Admission"). It is expected that Admission
will become effective and that dealings will commence at 8.00 a.m. on or
around 4 March 2026.

 

Following the issue of the Conversion  Shares, the Company's total issued
share capital will consist of 334,329,352 Ordinary Shares with voting rights.
The Company does not hold any Ordinary Shares in treasury and accordingly
there are no voting rights in respect of any treasury shares.

 

On Admission, the above mentioned figure of 334,329,352 Ordinary Shares 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, Kendrick under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

 

For further information, please contact:

 Kendrick Resources Plc: Chairman     Tel: +44 2039 616 086

                                      Colin Bird
 AlbR Capital Limited                 Tel: +44 207 469 0930

 Financial Adviser and Joint Broker   David Coffman / Dan Harris

                                      Jon Bellis
 Shard Capital Partners LLP           Tel: +44 207 186 9952

 Joint Broker                         Damon Heath / Isabella Pierre

 

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Colin Bird
 2.  Reason for the Notification
 a)  Position/status                                              Executive Chairman and controlling shareholder of Lion Mining Finance Ltd
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Kendrick Resources PLC
 b)  LEI                                                          213800U66STYS4VQZH68
 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 0.03p
     Identification code                                          ISIN: GB00BNBQZW49

                                                                  TIDM: KEN
 b)  Nature of the Transaction                                    Conversion of  £128,000 of accrued fees due to director and £50,650 of
                                                                  accrued fees due to Lion Mining Finance Ltd

 c)  Price(s) and volume(s)                                       Colin Bird  Lion Mining Finance Ltd
                                                                  No. of Shares  6,400,000   2,532,500
                                                                  Price          2 pence     2 pence
 d)  Aggregated information

     - Aggregated volume                                          8,932,500

     - Total Price                                                £178,650
 e)  Date of the transaction                                      24 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Total Price

 

8,932,500

£178,650

e)

Date of the transaction

24 February 2026

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Martyn Churchouse
 2.  Reason for the Notification
 a)  Position/status                                              Managing Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Kendrick Resources PLC
 b)  LEI                                                          213800U66STYS4VQZH68
 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 0.03p
     Identification code                                          ISIN: GB00BNBQZW49

                                                                  TIDM: KEN
 b)  Nature of the Transaction                                    Conversion of  £42,724 of accrued fees due to director

 c)  Price(s) and volume(s)                                       No. of Shares  2,136,200
                                                                  Price          2 pence
 d)  Aggregated information

     - Aggregated volume                                          2,136,200

     - Total Price                                                £42,724
 e)  Date of the transaction                                      24 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Total Price

 

2,136,200

£42,724

e)

Date of the transaction

24 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Alex Borrelli
 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                                                         Kendrick Resources PLC
 b)  LEI                                                          213800U66STYS4VQZH68
 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 0.03p
     Identification code                                          ISIN: GB00BNBQZW49

                                                                  TIDM: KEN
 b)  Nature of the Transaction                                    Conversion of  £11,000 of accrued fees due to director

 c)  Price(s) and volume(s)                                       No. of Shares  550,000
                                                                  Price          2 pence
 d)  Aggregated information

     - Aggregated volume                                          550,000

     - Total Price                                                £11,000
 e)  Date of the transaction                                      24 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Total Price

 

550,000

£11,000

e)

Date of the transaction

24 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Kjeld Thygesen
 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                                                         Kendrick Resources PLC
 b)  LEI                                                          213800U66STYS4VQZH68
 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 0.03p
     Identification code                                          ISIN: GB00BNBQZW49

                                                                  TIDM: KEN
 b)  Nature of the Transaction                                    Conversion of  £36,750 of accrued fees due to director

 c)  Price(s) and volume(s)                                       No. of Shares  1,837,500
                                                                  Price          2 pence
 d)  Aggregated information

     - Aggregated volume                                          1,837,500

     - Total Price                                                £36,750
 e)  Date of the transaction                                      24 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Total Price

 

1,837,500

£36,750

e)

Date of the transaction

24 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Evan Kirby
 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                                                         Kendrick Resources PLC
 b)  LEI                                                          213800U66STYS4VQZH68
 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 0.03p
     Identification code                                          ISIN: GB00BNBQZW49

                                                                  TIDM: KEN
 b)  Nature of the Transaction                                    Conversion of  £20,250 of accrued fees due to director

 c)  Price(s) and volume(s)                                       No. of Shares  1,012,500
                                                                  Price          2 pence
 d)  Aggregated information

     - Aggregated volume                                          1,012,500

     - Total Price                                                £20,250
 e)  Date of the transaction                                      24 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Total Price

 

1,012,500

£20,250

e)

Date of the transaction

24 February 2026

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

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