Kavango Resources PLC Grant of New Share Options (9072T)
20 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMKAV
RNS Number : 9072T
Kavango Resources PLC
19 November 2023
20 November 2023
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Grant of New Share Options
PDMR Disclosures
Kavango Resources plc (LSE:KAV), the exploration company
targeting the discovery of world-class mineral deposits in
Botswana, announces the Board has approved the grant of 48,000,000
share options to directors and PDMRs of the Company (the " Director
Options ") and 20,000,000 share options to key consultants to the
Company (the " Consultant Options") .
More information on the terms of the option grants and
amendments is provided below.
The Director Options are exercisable at a price of 1.1 pence per
Ordinary Share for a period of seven years.
The Consultant Options are exercisable at a price of 1.1 pence
per Ordinary Share for a period of seven years. The Consultant
Options are subject to phased vesting over twenty four months from
the date of grant, with 2,000,000 of the Consultant Options vesting
immediately, 4,000,000 vesting after twelve months and the
remainder vesting after twenty four months, subject to continuous
employment or commercial engagement with the Company.
The information below is set out in accordance with the
requirements of the UK Market Abuse Regulation.
Grant of Options
1 Details of PDMR/person closely associated with them ("PCA")
a) Name a) David Smith
b) Brett Grist
c) Jeremy S Brett
d) Hillary Gumbo
e) Ben Turney
-------------------------- ---------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status a) PDMR/Director
b) PDMR/Director
c) PDMR/Director
d) PDMR/Director
e) PDMR/Director
-------------------------- ---------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Kavango Resources PLC
-------------------------- ---------------------------------------------------
b) LEI 2138007PZJFATXWUTS29
-------------------------- ---------------------------------------------------
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 Ordinary shares
financial instrument,
type of instrument
Identification code ISIN: GB00BF0VMV24
-------------------------- ---------------------------------------------------
b) Nature of the transaction Grant of new share options
-------------------------- ---------------------------------------------------
c) Price(s) and volume(s)
-------------- --------------------
Price(s) GBPX Volume(s)
-------------- --------------------
a) 1.1p a) 1,500,000
b) 1.1p b) 2,500,000
c) 1.1p c) 2,500,000
d) 1.1p d) 1,500,000
e) 1.1p e) 40,000,000
-------------- --------------------
d) Aggregated information N/A
-Aggregated Volume
-Price
e) Date of the transaction 17 November 2023
-------------------------- ---------------------------------------------------
f) Place of the transaction Off-market
-------------------------- ---------------------------------------------------
For further information, please contact:
Kavango Resources Plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
Jason Robertson
+44 207 374 2212
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFFEEEUEDSEEF
(END) Dow Jones Newswires
November 20, 2023 02:00 ET (07:00 GMT)
Kavango Resources (LSE:KAV)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Kavango Resources (LSE:KAV)
Gráfica de Acción Histórica
De May 2023 a May 2024