RNS Number : 3755P
Ncondezi Energy Limited
09 February 2023
 

 

NcondezienergyRGB.jpg

www.ncondezienergy.com

 

News Release

 

 

Director/PDMR Dealing

 

9 February 2023: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM:NCCL) announces that on 9 February 2023, Michael Haworth, Chairman, received an aggregate of 3,913,087 ordinary shares of no par value in the Company ("Ordinary Shares") and Scott Fletcher, Non-Executive Director, received an aggregate of 15,213,515 Ordinary Shares, following the conversion of all convertible loan and interest, as announced on 6 February 2023.

 

Following this, Michael Haworth has a beneficial interest in 23,936,549 Ordinary Shares, representing 4.23 per cent. of the Company's issued ordinary capital, and Scott Fletcher has a beneficial interest in 122,979,090 Ordinary Shares, representing 21.71 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
NOMAD & Joint Broker

 

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

Michael Haworth

 

2

Reason for the notification

 

a)

Position/status

 

Non-Executive Chairman

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

Conversion of convertible loan plus interest into Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s) GBP

Volume(s)

1.   0.0052

2.   0.0091

 

1.   3,830,267

2.   82,820

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

3,913,087

 

0.0053 GBP

 

 

e)

Date of the transaction

9 February 2023

 

 

f)

Place of the transaction

Off market

 

 

 

 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

Conversion of convertible loan plus interest into Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s) GBP

Volume(s)

1. 0.0054

2. 0.0093

 

1.   14,877,709

2.   335,806

 

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

15,213,515

 

0.0055 GBP

 

 

e)

Date of the transaction

9 February 2023

 

 

f)

Place of the transaction

Off market

 

 

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 or visit 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.
 
END
 
 
DSHBVLLBXLLXBBE