RNS Number : 9307T
Kodal Minerals PLC
23 March 2023
 

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

 

23 March 2023

 

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

 

Director dealings and shareholdings

 

Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, announces that it has been informed that on 21 March 2023 and 22 March 2023, Steven Zaninovich, Operations Director of the Company, and Charles Joseland, Non-Executive Director of the Company, have respectively sold 30,000,000 and 5,000,000 ordinary shares of 0.03125 pence each in the Company ("Ordinary Shares") (together the "Director Dealings") in order to satisfy the cost and tax liabilities arising from the exercise of options and warrants, as announced by the Company on 20 March 2023. The Directors do not anticipate making any further sales in the immediate future pursuant to the options and warrants exercised on 20 March 2023.

 

Full details of the Director Dealings including the sale prices are outlined below.

 

Name

Trade date

No. of Ordinary Shares sold

Average price per Ordinary Share sold

Charles Joseland

21/03/2023

2,642,857

0.39544p

22/03/2023

2,357,143

0.38471p

Steven Zaninovich

21/03/2023

15,857,143

0.39544p

22/03/2023

14,142,857

0.38471p

 

Following the Director Dealings, the directors of the Company now hold the following shareholdings in the Company (and not as stated in the Company's announcement on 20 March 2023):

 

Name

Total No. of Ordinary Shares sold

No. of Ordinary Shares now held

Percentage of existing issued share capital now held

Bernard Aylward

0

251,364,799

1.48%

Steven Zaninovich

30,000,000

7,142,847

0.04%

Robert Wooldridge

0

169,973,858

1.00%

Charles Joseland

5,000,000

11,250,000

0.07%

Qingtao Zeng

0

11,392,857

0.07%

 

Details of the Director Dealings in which directors are interested in are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.

 

For further information, please visit www.kodalminerals.com or contact the following:

 

Kodal Minerals plc

Bernard Aylward, CEO

 

Tel: +61 418 943 345

 

Allenby Capital Limited, Nominated Adviser

Jeremy Porter/Vivek Bhardwaj/Nick Harriss

 

 

Tel: 020 3328 5656

SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker

John Mackay/Adam Cowl

 

 

Tel: 020 3470 0470

Canaccord Genuity UK Limited, Joint Broker

James Asensio/Gordon Hamilton

 

 

Tel: 0207 523 4680

St Brides Partners Ltd, Financial PR

Susie Geliher/Ana Ribeiro

 

 

Tel: 020 7236 1177

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Joseland

 

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

Kodal Minerals plc

b)

LEI

213800VKFS7TS32EGI81

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 0.03125p  


GB00BH3X7Y70

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.39544p

2,642,857

0.38471p

2,357,143

d)

Aggregated information

- Aggregated volume

- Price

 

5,000,000 Ordinary Shares

 

n/a (see price breakdown above)

e)

Date of transaction

21 to 22 March 2023

f)

Place of the transaction

London Stock Exchange - XLON

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steven Zaninovich

2

Reason for the notification

a)

Position/status

Executive Director - Operations Director

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Kodal Minerals plc

b)

LEI

213800VKFS7TS32EGI81

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 0.03125p  


GB00BH3X7Y70

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.39544p

15,857,143

0.38471p

14,142,857

d)

Aggregated information

- Aggregated volume

- Price

 

30,000,000 Ordinary Shares

 

n/a (see price breakdown above)

 

e)

Date of transaction

21 to 22 March 2023

f)

Place of the transaction

London Stock Exchange - XLON

 

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