Exercise of Options and Performance Share Rights
29/01/2026 07:01
RNS Number : 8156Q
Kodal Minerals PLC
29 January 2026
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
29 January 2026
Exercise of Options and Performance Share Rights,
change to director shareholding
and change to Total Voting Rights
Kodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces that it has received notices of exercise for options ("Options") and Performance Share Rights from Bernard Aylward, Chief Executive Officer, and Mohamed Niare, Country Manager - Mali and Cote d'Ivoire for the Company. The notices relate to the subscription for a total of 92,500,000 new ordinary shares of 0.03125 pence each in the Company ("Ordinary Shares") (together, the "exercise(s)") with total subscription proceeds for the Company from the exercises representing £49,062.50.
Bernard Aylward is subscribing for 75,000,000 new Ordinary Shares at a subscription price of 0.03125 pence per new Ordinary Share through exercising his Performance Share Rights. Mohammed Niare is subscribing for 10,000,000 new Ordinary Shares at a subscription price of 0.03125 pence per new Ordinary Share through exercising his Performance Share Rights as well as exercising his Options over 7,500,000 new Ordinary Shares at 0.3 pence per new Ordinary Share.
Following the exercises, Bernard Aylward will own 416,364,799 Ordinary Shares representing 2.04% of the Company's enlarged issued share capital on Admission (as defined below).
Details of the exercises are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.
Admission and total voting rights
Application will be made to the London Stock Exchange plc for the 92,500,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new ordinary Shares will commence on AIM at 8.00 a.m. on or around 4 February 2026.
Upon Admission, the issued share capital of the Company will consist of 20,373,199,594 ordinary shares of 0.01325p each. The Company holds no shares in treasury. The total number of voting rights in the Company from Admission will therefore be 20,373,199,594. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.
**ENDS**
For further information, please visit www.kodalminerals.com or contact the following:
| Kodal Minerals plc Bernard Aylward, CEO | via Burson Buchanan |
| Allenby Capital Limited, AIM Nominated Adviser Jeremy Porter/Vivek Bhardwaj | Tel: 020 3328 5656 |
| SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker Stuart Gledhill/Adam Cowl | Tel: 020 3470 0470 |
| Canaccord Genuity Limited, Joint Broker James Asensio/Charlie Hammond | Tel: 020 7523 4680 |
| Peel Hunt LLP, Joint Broker Ross Allister/David McKeown/Georgia Langoulant | Tel: 0207 418 8900 |
| Burson Buchanan, Financial PR Bobby Morse/Oonagh Reidy/Abigail Gilchrist | Tel: +44 (0)20 7466 5000 kodal@buchanancomms.co.uk |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | Directors:
| ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | See 1 a) above | ||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Kodal Minerals plc | ||||||||
| b) | LEI | 213800VKFS7TS32EGI81 | ||||||||
| 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 Identification code | ordinary shares of 0.03125p GB00BH3X7Y70 | ||||||||
| b) | Nature of the transaction | Exercise of Performance Share Rights | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price | 75,000,000 Ordinary Shares £23,437.50 | ||||||||
| e) | Date of transaction | 29 January 2026 | ||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | PDMR:
| ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | See 1 a) above | ||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Kodal Minerals plc | ||||||||
| b) | LEI | 213800VKFS7TS32EGI81 | ||||||||
| 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 Identification code | ordinary shares of 0.03125P GB00BH3X7Y70 | ||||||||
| b) | Nature of the transaction | Exercise of Options and Performance Share Rights | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price | 17,500,000 Ordinary Shares £25,625 | ||||||||
| e) | Date of transaction | 29 January 2026 | ||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||