23 August 2024
Kazera Global plc ("Kazera" or "the Company")
Director Share Purchase
Kazera Global plc, the AIM-quoted investment company, has been notified that Dennis Edmonds, CEO of Kazera, has purchased 2,300,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 0.85 pence per share on 23 August 2024.
Following the share purchase, Dennis Edmonds' beneficial interest in the Company is 12,296,131 Ordinary Shares, representing 1.31 % of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Dennis Edmonds | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Kazera Global plc | |
| b) | Legal Entity Identifier | 213800U4PZ148SFLGY26 | |
| 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 0.1 pence each
GB00B830HW33 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Currency | GBP
| |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0.85p | 2,300,000 | ||
|
| |||
| e) | Aggregated information - Aggregated volume - Price - Aggregated total |
2,300,000 Ordinary Shares, bought at a price of 0.85 pence per share, totalling £19,550 | |
| f) | Date of the transaction | 23 August 2024 | |
| g) | Place of the transaction | London Stock Exchange, AIM | |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
ENDS
For further information visit www.kazeraglobal.com or contact:
| Kazera Global plc Dennis Edmonds, CEO
|
|
| Cavendish Capital Markets Ltd (Nominated Adviser and Broker) Derrick Lee / Pearl Kellie (Corporate Finance)
| Tel: +44 (0)207 220 0500 |
| St Brides Partners (Financial PR) Paul Dulieu / Isabel de Salis |
|
About Kazera Global plc
Kazera is a global investment company focused on leveraging the skills and expertise of its Board of Directors to develop early-stage mineral exploration and development assets towards meaningful cashflow and production. Its three principal investments are as follows:
Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay, South Africa
Kazera currently has a 100% direct interest in Deep Blue Minerals, of which 74% is held beneficially by Kazera and 26% is held on behalf of Black Economic Empowerment partners.
Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon) through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.
Kazera currently has a 70% direct beneficial interest in Whale Head Minerals together with the benefit of a loan facility entitling it to receive approximately £38m out of dividends from the other shareholders.
Tantalite mining in South-East Namibia (divestment in progress)
As announced on 20 December 2022, Kazera has agreed to dispose of African Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a debenture payment of 2.5% of the gross sales of produced lithium and tantalum for life-of-mine. Completion of the sale is subject to receipt of full consideration proceeds. Aftan has been deconsolidated from the Company's financial statements with effect from 4 January 2023 because in accordance with the terms of the sale agreement, it has relinquished control of the Aftan in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei Xinjian") with effect from that date. Kazera retains the right to cancel the transaction and retain all amounts paid to date in the event of default by Hebei Xinjian.
The Company will consider additional investment opportunities as appropriate, having regard to the Group's future cash flow requirements.
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