REG - Kodal Minerals PLC - Director dealings and shareholdings

Kodal MineralsAnnouncement

23/03/2023 07:15

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RNS Number : 9307T  Kodal Minerals PLC  23 March 2023

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

 

23 March 2023

 

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

 

Director dealings and shareholdings

 

Kodal Minerals, the mineral exploration and development company focused on
lithium and gold assets in West Africa, announces that it has been informed
that on 21 March 2023 and 22 March 2023, Steven Zaninovich, Operations
Director of the Company, and Charles Joseland, Non-Executive Director of the
Company, have respectively sold 30,000,000 and 5,000,000 ordinary shares
of 0.03125 pence each in the Company ("Ordinary Shares") (together the
"Director Dealings") in order to satisfy the cost and tax liabilities arising
from the exercise of options and warrants, as announced by the Company on 20
March 2023. The Directors do not anticipate making any further sales in the
immediate future pursuant to the options and warrants exercised on 20 March
2023.

 

Full details of the Director Dealings including the sale prices are outlined
below.

 

 Name               Trade date  No. of Ordinary Shares sold  Average price per Ordinary Share sold
 Charles Joseland   21/03/2023  2,642,857                    0.39544p
                    22/03/2023  2,357,143                    0.38471p
 Steven Zaninovich  21/03/2023  15,857,143                   0.39544p
                    22/03/2023  14,142,857                   0.38471p

 

Following the Director Dealings, the directors of the Company now hold the
following shareholdings in the Company (and not as stated in the Company's
announcement on 20 March 2023):

 

 Name               Total No. of Ordinary Shares sold  No. of Ordinary Shares now held  Percentage of existing issued share capital now held
 Bernard Aylward    0                                  251,364,799                      1.48%
 Steven Zaninovich  30,000,000                         7,142,847                        0.04%
 Robert Wooldridge  0                                  169,973,858                      1.00%
 Charles Joseland   5,000,000                          11,250,000                       0.07%
 Qingtao Zeng       0                                  11,392,857                       0.07%

 

Details of the Director Dealings in which directors are interested in 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.

 

For further information, please visit www.kodalminerals.com or contact the
following:

 

 Kodal Minerals plc

 Bernard Aylward, CEO                                                  Tel: +61 418 943 345

 Allenby Capital Limited, Nominated Adviser

 Jeremy Porter/Vivek Bhardwaj/Nick Harriss                             Tel: 020 3328 5656

 SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker

 John Mackay/Adam Cowl                                                 Tel: 020 3470 0470

 Canaccord Genuity UK Limited, Joint Broker

 James Asensio/Gordon Hamilton                                         Tel: 0207 523 4680

 St Brides Partners Ltd, Financial PR

 Susie Geliher/Ana Ribeiro                                             Tel: 020 7236 1177

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Charles Joseland

 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                                                         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  ordinary shares of 0.03125p

      Identification code                                          GB00BH3X7Y70
 b)   Nature of the transaction                                    Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   0.39544p  2,642,857
                                                                   0.38471p  2,357,143
 d)   Aggregated information

      - Aggregated volume                                          5,000,000 Ordinary Shares

      - Price

                                                                   n/a (see price breakdown above)
 e)   Date of transaction                                          21 to 22 March 2023
 f)   Place of the transaction                                     London Stock Exchange - XLON

d)

Aggregated information

- Aggregated volume

- Price

 

5,000,000 Ordinary Shares

 

n/a (see price breakdown above)

e)

Date of transaction

21 to 22 March 2023

f)

Place of the transaction

London Stock Exchange - XLON

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Steven Zaninovich
 2    Reason for the notification
 a)   Position/status                                              Executive Director - Operations Director
 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  ordinary shares of 0.03125p

      Identification code                                          GB00BH3X7Y70
 b)   Nature of the transaction                                    Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   0.39544p  15,857,143
                                                                   0.38471p  14,142,857
 d)   Aggregated information

      - Aggregated volume                                          30,000,000 Ordinary Shares

      - Price

                                                                   n/a (see price breakdown above)

 e)   Date of transaction                                          21 to 22 March 2023
 f)   Place of the transaction                                     London Stock Exchange - XLON

d)

Aggregated information

- Aggregated volume

- Price

 

30,000,000 Ordinary Shares

 

n/a (see price breakdown above)

 

e)

Date of transaction

21 to 22 March 2023

f)

Place of the transaction

London Stock Exchange - XLON

 

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