News Release
Non-Executive Director/ PDMR Dealing
18 January 2023: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM:NCCL) announces it has been notified that on 17 January 2023, Scott Fletcher, Non-Executive Director, purchased an aggregate of 2,750,000 ordinary shares of no par value in the Company ("Shares").
Following these purchases, and before any further Shares are issued as part of the convertible loan conversion, Scott Fletcher's beneficial interest in Ordinary Shares of the Company is 107,765,575 Ordinary Shares, representing 22.09 per cent. of the Company's issued share capital.
Enquiries
For further information please visit www.ncondezienergy.com or contact:
| Ncondezi Energy | Hanno Pengilly | +27 (0) 71 362 3566 |
|
Liberum Capital Limited
| Scott Mathieson, Edward Thomas, Kane Collings | +44 (0) 20 3100 2000 |
| Novum Securities Limited Joint Broker | Colin Rowbury | +44 (0) 20 7399 9427 |
|
Pimlico Advisory Ltd Investor Relations | Elizabeth Johnson | +44 (0) 777 56 55 927 |
About Ncondezi Energy
Ncondezi is an African power development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique.
It is the intention that the Solar Project will connect to the Mozambique grid with target power off takers in Mozambique and the Southern African Power Pool (SAPP).
The Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully aligned with Government's objective to become a champion for energy transition impacting all of Southern Africa.
The notification below is made in accordance with the requirements of the MAR.
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 | Scott Fletcher
| ||||
| 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 | Ncondezi Energy Limited
| ||||
| b) | LEI | 2138003W75PP9STE9J18
| ||||
| 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 no par value
4VGG640631039 | ||||
| b) | Nature of the transaction | On-market purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
2,750,000
0.008830364 GBP
| ||||
| e) | Date of the transaction | 17 January 2023
| ||||
| f) | Place of the transaction | London Stock Exchange, AIM
| ||||
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