RNS Number : 4822G
Marula Mining PLC
28 April 2025
Marula Mining PLC
("Marula'' or the "Company")
28 April 2025
Director/PDMR Shareholding
Marula Mining (AQSE: MARU A2X: MAR), an African focused mining and development company, has received notification on 28 April 2025, that Gathoni Muchai Investments Limited ("GMI") made the following purchases of ordinary shares in the capital of the Company on 25 April 2025.
Jason Brewer, a director of the Company, is a director and shareholder of GMI.
Director
Number of ordinary shares purchased
Purchase price (Aggregated)
Resultant interest in ordinary shares in the Company
Resultant percentage of issued ordinary shares in the Company
Jason Brewer
250,000
3.75 pence
19,500,0001
6.92%
1 19,500,000 ordinary shares are held by Gathoni Muchai Investments Limited ("GMI"), Jason Brewer, Chief Executive Officer and shareholder of the Company, is a connected person to the Chief Executive Officer of GMI and a substantial shareholder and director of GMI.
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.
About Marula Mining
Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, all in South Africa; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.
For enquiries contact:
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
Jason Brewer
2
Reason for notification
a.
Position/Status
Chief Executive Officer of the Company (also a director and shareholder of Gathoni Muchai Investments and connected person to the CEO of GMI)
b.
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.
Name
Marula Mining plc
b.
LEI
2138002UCKAEBPYWVT15
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 0.01 pence each ISIN: GB00BNBS4S95
b.
Nature of the transaction
Purchase of ordinary shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
3.75p
250,000
d.
Aggregated information - Aggregated Volume - Price
N/A
e.
Date of the transaction
25 April 2025
f.
Place of the transaction
AQSE
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