REG - Kodal Minerals PLC - Exercise of options and change to TVR
20/03/2023 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230320:nRST4472Ta&default-theme=true
RNS Number : 4472T Kodal Minerals PLC 20 March 2023
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
20 March 2023
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
Exercise of Options, Warrants and Performance Share Rights to raise
approximately £342,375
Total Voting Rights
Kodal Minerals, the mineral exploration and development company focused on
lithium and gold assets in West Africa, announces that it has received notices
of exercise for options ("Options"), warrants ("Warrants") and Performance
Share Rights from certain directors, senior management and consultants of the
Company to subscribe for a total of 106,250,000 new ordinary shares
of 0.03125 pence each in the Company ("New Ordinary Shares") (together, the
"exercise(s)"). Total subscription proceeds for the Company from these
exercises is approximately £342,375.
Following the exercises, the directors will hold the following shareholdings
in the Company as a result of exercising Options:
Name No. of New Ordinary Shares issued on exercise Subscription amount (£) Total No. of Ordinary Percentage of the enlarged
Shares held following exercise share capital
Bernard Aylward 25,000,000 £ 95,000 246,007,656 1.45%
Steven Zaninovich 30,000,000 £ 114,000 37,142,857 0.22%
Robert Wooldridge 16,250,000 £ 53,750 169,973,858 1.00%
Charles Joseland 10,000,000 £ 19,500 16,250,000 0.10%
Qingtao Zeng 0 £ 0 6,250,000 0.04%
Details of the Options exercises 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.
Exercise of Performance Share Rights
On 27 August 2021, the Company announced, amongst other matters, the award of
Performance Share Rights to Bernard Aylward (CEO) and Mohamed Niare (Country
Manager, Mali), the exercise of which is subject to certain vesting conditions
being satisfied and upon payment of the nominal value for the New Ordinary
Shares.
The Company has received notice from Mohamed Niare to exercise his Performance
Share Rights over 10 million New Ordinary Shares, resulting in the issue to
him of 10 million New Ordinary Shares at a subscription price of 0.03125 pence
per share. This follows the satisfaction of the vesting condition for the
successful grant of the mining licence pertaining to the Bougouni Lithium
Project in Mali ("Bougouni").
Details of this Performance Share Rights exercise 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.
Application for admission to trading and total voting rights
Application has been made for the 106,250,000 New Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that Admission
will occur on or around 23 March 2023.
Upon Admission, the issued share capital of the Company will consist of
17,009,980,956 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 17,009,980,956. 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.
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 PDMRs:
Bernard Aylward CEO
Steve Zaninovich Operations Director
Robert Wooldridge Chairman
Charles Joseland Non-Executive Director
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 ordinary shares of 0.03125p
Identification code GB00BH3X7Y70
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s) Name Volume Exercise Price
Bernard Aylward 12,500,000 0.38p
12,500,000 0.38p
Steve Zaninovich 13,333,333 0.38p
16,666,667 0.38p
Robert Wooldridge 6,250,000 0.38p
10,000,000 0.30p
Charles Joseland 1,666,667 0.14p
1,666,667 0.25p
1,666,667 0.14p
1,666,666 0.25p
1,666,666 0.14p
1,666,667 0.25p
d) Aggregated information
- Aggregated volume 81,250,000 Ordinary Shares
- Price
£282,250.00
e) Date of transaction 19 March 2023
f) Place of the transaction Outside a trading venue
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 Share Options
c)
Price(s) and volume(s)
Name Volume Exercise Price
Bernard Aylward 12,500,000 0.38p
12,500,000 0.38p
Steve Zaninovich 13,333,333 0.38p
16,666,667 0.38p
Robert Wooldridge 6,250,000 0.38p
10,000,000 0.30p
Charles Joseland 1,666,667 0.14p
1,666,667 0.25p
1,666,667 0.14p
1,666,666 0.25p
1,666,666 0.14p
1,666,667 0.25p
d)
Aggregated information
- Aggregated volume
- Price
81,250,000 Ordinary Shares
£282,250.00
e)
Date of transaction
19 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mohamed Niare
2 Reason for the notification
a) Position/status Country Manager, Mali (PDMR)
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 Exercise of Performance Share Rights
Exercise of Options
c) Price(s) and volume(s) Price(s) Volume
Performance Share Rights 0.03125p 10,000,000
Options (8 May 2017 - 8 May 2023) 0.38p 2,500,000
Options (8 May 2018 - 8 May 2024) 0.38p 2,500,000
d) Aggregated information
- Aggregated volume 15,000,000 Ordinary Shares
- Price £22,125.00
e) Date of transaction 19 March 2023
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
15,000,000 Ordinary Shares
£22,125.00
e)
Date of transaction
19 March 2023
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCXKLLFXXLFBBXRecent news on Kodal Minerals
See all newsREG - Kodal Minerals PLC - Bougouni Lithium Project
AnnouncementREG - Kodal Minerals PLC - Bougouni Lithium Project Development Update
AnnouncementREG - Kodal Minerals PLC - Appointment of Non-Executive Director
AnnouncementREG - Kodal Minerals PLC - Kodal Minerals Interim Results to 30 Sept 2023
AnnouncementREG - Kodal Minerals PLC - Total Voting Rights
Announcement