TIDMAFP

RNS Number : 1976L

African Pioneer PLC

04 September 2023

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 GBP15,000), Raju Samtani (555,556 Shares for GBP10,000) and Kjeld Thygesen (833,334 Shares for GBP15,000) ("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'       Resultant         % 
                                                        Share Purchases    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                  Tel +44 (0) 20 7581 4477 
 Colin Bird, Chairman 
Beaumont Cornish Limited (Financial  Tel +44 (0) 20 7628 3396 
 Adviser) 
 Roland Cornish/Asia Szusciak 
Novum Securities Limited (Broker)    Tel +44 (0) 20 7399 9400 
 Jon Belliss 
 
   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      Ordinary shares with no par value 
        instrument, type of instrument 
      --------------------------------  ---------------------------------- 
       Identification code               ISIN: IM00B8C0HK22 
                                          TIDM: AFP 
      --------------------------------  ---------------------------------- 
 b)    Nature of the Transaction         Purchase of shares for GBP15,000 
      --------------------------------  ---------------------------------- 
 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      Ordinary shares with no par value 
       instrument, type of instrument 
     --------------------------------  ---------------------------------- 
      Identification code               ISIN: IM00B8C0HK22 
                                         TIDM: AFP 
     --------------------------------  ---------------------------------- 
 b)   Nature of the Transaction         Purchase of shares for GBP10,000 
     --------------------------------  ---------------------------------- 
 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      Ordinary shares with no par value 
       instrument, type of instrument 
     --------------------------------  ---------------------------------- 
      Identification code               ISIN: IM00B8C0HK22 
                                         TIDM: AFP 
     --------------------------------  ---------------------------------- 
 b)   Nature of the Transaction         Purchase of shares for GBP15,000 
     --------------------------------  ---------------------------------- 
 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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END

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September 04, 2023 02:00 ET (06:00 GMT)

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