RNS Number : 1976L
African Pioneer PLC
04 September 2023
 

           

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4 September 2023

African Pioneer Plc

                                                ("African Pioneer" or the "Company")                    

Directors' Dealings & Shareholder Interest

 

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by Wilhelm Shali, a member of the Concert Party, that on 29 August 2023 he has sold 3,333,335  ordinary shares of no par value each in the Company ("Shares") ("Share Sale") at 1.8 pence per Share reducing his shareholding in the Company to 3,657,817 Shares representing 1.6% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by Wilhelm Shali 2,222,223 Shares representing in aggregate 0.97% of the Total Voting Rights were acquired by the Company's Directors Colin Bird (833,334 Shares for £15,000), Raju Samtani (555,556 Shares for £10,000) and Kjeld Thygesen (833,334 Shares for £15,000) ("Directors' Share Purchases"). As a result of the Share Sale and the Directors' Share Purchases, the aggregated Concert Party interest has been reduced from 45.3% to 44.8%.    

 

Directors' updated shareholdings: The table below shows the current shareholdings of Directors and their related parties and their shareholdings as a percentage of Total Voting Rights after the Directors' Share Purchases:

 


Shareholdings


Director & Position

Current

Directors' Share Purchases

Resultant shareholding

%

of TVR

Colin Bird: Chairman

23,283,950

833,334

23,283,950

10.58%

Raju Samtani: Finance Director

17,839,506

555,555

17,839,506

8.07%

Christian Cordier: Director

17,222,222

  -

17,222,222

7.55%

Kjeld Thygesen: Non Executive

200,000

833,334

1,033,334

0.45%

James Cunningham-Davis: Non Executive

-

-

-

Nil

 

 

 

For further information, please contact:

African Pioneer Plc

Colin Bird, Chairman

Tel +44 (0) 20 7581 4477

Beaumont Cornish Limited (Financial Adviser)

Roland Cornish/Asia Szusciak

Tel +44 (0) 20 7628 3396

Novum Securities Limited (Broker)

Jon Belliss

Tel +44 (0) 20 7399 9400

 

or visit   https://africanpioneerplc.com/

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

 

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Colin Bird

 

2.

Reason for the Notification

 

a)

Position/status

Executive Chairman & Director

 

b)

Initial notification/amendment

Initial notification

 

3.

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

 

a)

Name

African Pioneer PLC

 

b)

LEI

213800QQF8O18CMJPW43

 

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 with no par value

 

Identification code

ISIN: IM00B8C0HK22

TIDM: AFP

 

b)

Nature of the Transaction

Purchase of shares for £15,000  

 

 

c)

Price(s) and volume(s)



No. of Shares

833,334

Price

1.8 pence

 

d)

Aggregated information

Aggregated volume

 

833,334 ordinary shares

 

e)

Date of the transaction

29 August 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Raju Samtani

2.

Reason for the Notification

a)

Position/status

Finance Director

b)

Initial notification/amendment

Initial notification

3.

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

a)

Name

African Pioneer PLC

b)

LEI

213800QQF8O18CMJPW43

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 with no par value

Identification code

ISIN: IM00B8C0HK22

TIDM: AFP

b)

Nature of the Transaction

Purchase of shares for £10,000  

 

c)

Price(s) and volume(s)



No. of Shares

555,555

Price

1.8 pence

d)

Aggregated information

Aggregated volume

 

555,555 ordinary shares

e)

Date of the transaction

29 August 2023

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kjeld Thygesen

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

African Pioneer PLC

b)

LEI

213800QQF8O18CMJPW43

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 with no par value

Identification code

ISIN: IM00B8C0HK22

TIDM: AFP

b)

Nature of the Transaction

Purchase of shares for £15,000  

 

c)

Price(s) and volume(s)



No. of Shares

833,334

Price

1.8 pence

d)

Aggregated information

Aggregated volume

 

833,334 ordinary shares

e)

Date of the transaction

29 August 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

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