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
| 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) |
| ||||
| 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) |
| ||||
| 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
| ||||
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