REG - Kodal Minerals PLC - Exercise of Warrants

Kodal MineralsAnnouncement

Yesterday 07:00

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RNS Number : 3070P  Kodal Minerals PLC  02 July 2025

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

 

2 July 2025

Kodal Minerals plc

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

 

Exercise of Warrants, change to director shareholding

and change to Total Voting Rights

 

Kodal Minerals, the mineral exploration and development company, announces
that it has received a notice for the exercise of warrants ("Warrants") from
executive director Steven Zaninovich to subscribe for a total of 33,333,334
new ordinary shares of 0.03125 pence each in the Company ("New Ordinary
Shares") (the "exercise"). Total subscription proceeds for the Company from
the exercise is £65,000.

 

Following the exercise, Steven Zaninovich will own 67,142,847 ordinary shares
of 0.03125 pence each in the Company representing 0.33% of the Company's
enlarged share capital on Admission (as defined below).

 

Details of the 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.

 

Admission and total voting rights

 

Application will be made to the London Stock Exchange plc for the
33,333,334 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 7 July 2025.

 

Upon Admission, the issued share capital of the Company will consist of
20,280,699,594 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 20,280,699,594. 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                                                  Tel: +61 418 943 345

 Allenby Capital Limited, 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: 0207 523 4680

 Burson Buchanan, Financial PR

 Bobby Morse/Oonagh Reidy                                              Tel: +44 (0)20 7466 5000

                                                                       kodal@buchanancomms.co.uk

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Directors:

Steve Zaninovich  Operations 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 Warrants
 c)   Price(s) and volume(s)                                       Name              Warrants  Volume       Exercise Price
                                                                   Steve Zaninovich  Warrants  16,666,667   0.14p

                                                                                 16,666,667   0.25p
 d)   Aggregated information

      - Aggregated volume                                          33,333,334 Ordinary Shares

      - Price

                                                                   £65,000
 e)   Date of transaction                                          1 July 2025
 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 Warrants

c)

Price(s) and volume(s)

 Name              Warrants  Volume       Exercise Price
 Steve Zaninovich  Warrants  16,666,667   0.14p

                             16,666,667   0.25p

d)

Aggregated information

- Aggregated volume

- Price

 

33,333,334 Ordinary Shares

 

£65,000

e)

Date of transaction

1 July 2025

f)

Place of the transaction

Outside a trading venue

 

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