REG - Neo Energy Metals - Director Share Purchase

Neo Energy MetalsAnnouncement

26/03/2024 07:15

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RNS Number : 2332I  Neo Energy Metals PLC  26 March 2024

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London
Stock Exchange

 

26 March 2024

 

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Director Share Purchase

 

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased
to announce that Non-Executive Director Quinton van der Burgh has purchased
7,000,000 ordinary shares of £0.0001 in the Company ("Ordinary Shares")
through an off market transaction at 0.75 pence per Ordinary Share.

 

Following this share purchase, Quinton van der Burgh holds (personally and
through Q Global Commodities affiliate, AUO Commercial Brokerage LLC)
207,000,000 Ordinary Shares in the Company representing 14.82 per cent of the
Company's voting rights.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Quinton van der Burgh

 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                                                         Neo Energy Metals plc

 b)   LEI                                                          213800WE14587VRQ5Y10

 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 £0.0001

      Identification code

                                                                   GB00BYWLRL80
 b)   Nature of the transaction                                    Purchase of 7,000,000 ordinary shares

 c)   Price(s) and volume(s)

Price(s)    Volume(s)

                                                                   0.75 pence  7,000,000

 
 d)   Aggregated information

      - Aggregated volume                                          Single Transaction

      - Price                                                      0.75 pence

 e)   Date of the transaction                                      22 March 2024

 f)   Place of the transaction                                     Off market transaction

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

Single Transaction

0.75 pence

 

e)

 

Date of the transaction

 

22 March 2024

f)

 

Place of the transaction

 

Off market transaction

 

Ends

 Sean Heathcote                                    CEO                      sean@neoenergymetals.com

 Jason Brewer                                      Executive Chairman       jason@neoenergymetals.com

                                                   Neo Energy Metals plc

 Isabel de Salis / Paul Dulieu / Isabelle Morris   Financial PR             neo@stbridespartners.co.uk

                                                   St Brides Partners Ltd

 

 

Notes

 

Neo Energy Metals plc aims to become an important supplier to the fast-growing
uranium sector.  Its initial focus is on its 70% owned Henkries Uranium
Project, an advanced, low-cost uranium project in the Northern Cape Province
of South Africa with a clear pathway to production. +US$30m of historical
exploration, drilling, test pitting and mining, metallurgical test-work and
pilot plant work has been undertaken at the Project, culminating in a
published feasibility study.

 

Headquartered in Nairobi, Kenya, Neo Energy is now focused on increasing the
mineral resources at Henkries from the current estimated 4.7 million pounds of
uranium, (which is highly probable as less than 10% of prospective ground is
fully tested) and completing an updated feasibility study ahead of reaching a
development decision by November 2025.

 

Led by a proven board and management team with uranium and other mineral
project development experience in Southern Africa, Neo Energy's strategy is
layered on a two-year development approach to generate cashflow from Henkries
with a view towards building a longer term exploration and portfolio growth
strategy to develop the highly prospective Northern Cape Region of South
Africa and, potentially, broader regional expansion into energy metal property
holdings globally.

 

The team includes:

·    Jason Brewer, Executive Chairman: c.30 years' experience in
international mining, financial markets, and investment banking with a
particular focus in Africa.

·    Sean Heathcote, CEO: +30 years' experience in the mining and
exploration industry in Africa across a broad range of commodities.

·    Jackline Muchai, Non-Executive Director: one of the few Kenyan women
serving on a board within London's Main Market on the London Stock Exchange,
and CEO of Gathoni Muchai Investments.

·    Bongani Raziya, Non-Executive Director: over 20 years' experience in
oil and gas and mining in Africa with various directorships held in
well-established and profitable companies.

·    James Longley, Non-Executive Director: +30 years' experience in
finance, whose career has been focused on venture capital, private equity and
building growth companies.

·    Charles Tatnall, Non-Executive Director: a seasoned advisor and
fundraiser, specialising in small and medium-sized enterprises across diverse
industries.

·    Quinton van der Burgh, Non-Executive Director: Founder and CEO of Q
Global Commodities, one of South Africa's largest privately owned mining
houses that has established more than 45 mines throughout Sub-Saharan Africa
from greenfield status through to production and exports of materials to the
global commodity markets.

 

Neo Energy Metals plc's shares are also listed on the A2X Markets, an
independent South African stock exchange, in order to broaden its investor
base and facilitate opportunities for strategic acquisitions of uranium
projects, especially within South Africa.

 

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