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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kennedy Venture | LSE:KENV | London | Ordinary Share | GB00B830HW33 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.625 | 4.50 | 4.75 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKENV
RNS Number : 3098O
Kennedy Ventures PLC
17 August 2017
17 August 2017
Kennedy Ventures plc
Grant of Share Options
Kennedy Ventures plc ("Kennedy Ventures" or "the Company"), the AIM quoted investment company, who through its stake in African Tantalum (Pty) Limited ("Aftan") has an interest in the Namibia Tantalite Investments mine (historically referred to as the Tantalite Valley Mine) in Namibia, announces that on 17 August 2017, the Board granted options ("Options") to Larry Johnson, over 10,000,000 new ordinary shares of 1p each ("Ordinary Shares"), exercisable at 6p per Ordinary Share. The Options represent 3.98 per cent of the current issued share capital.
The Options will vest over a three-year period, 3,300,000 in 2018 and 2019 and 3,400,000 in 2020 and are subject to certain performance related conditions.
There was no consideration paid upon the grant of the Options and the Options expire on the third anniversary of their vesting.
Director Options Vesting Expiry Exercise Granted Date Date Price (per Ordinary Share) --------------- ----------- ---------- ---------- ------------ 17 August 17 August Larry Johnson 3,300,000 2018 2021 6p --------------- ----------- ---------- ---------- ------------ 17 August 17 August 3,300,000 2019 2022 6p --------------- ----------- ---------- ---------- ------------ 17 August 17 August 3,400,000 2020 2023 6p --------------- ----------- ---------- ---------- ------------ Total 10,000,000 --------------- ----------- ---------- ---------- ------------
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information on the Company, visit: www.kvplc.com:
Kennedy Ventures plc Larry Johnson (CEO), c/o Tel: +44 (0)203 757 Camarco 4983 finnCap (Nominated Adviser Tel: +44 (0)20 7220 and broker) 0500 Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking) Shore Capital (Broker) Tel: +44 (0) 207 Mark Percy / Toby Gibbs (corporate 408 4090 finance) Jerry Keen (corporate broking) Camarco (PR) Tel: +44 (0) 203 Gordon Poole / Billy Clegg 757 4980
The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.
1. Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------------------- a) Name Larry Johnson --- ------------------------------- ----------------------------------- 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 Kennedy Ventures plc --- ------------------------------- ----------------------------------- b) LEI n/a --- ------------------------------- ----------------------------------- 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 Ordinary shares of 1 pence the Financial instrument, type of instrument --- Identification GB00B830HW33 code --- ------------------------------- ----------------------------------- b) Nature of the Grant of options transaction --- ------------------------------- ----------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) --------- ----------- 6p 10,000,000 --------- ----------- --- ------------------------------- ----------------------------------- d) Aggregated information: * Aggregated volume 10,000,000 options over ordinary shares of 1 pence each (granted) at 6 pence per ordinary share * Price --- ------------------------------- ----------------------------------- e) Date of the transaction 17 August 2017 --- ------------------------------- ----------------------------------- f) Place of the London Stock Exchange, AIM transaction Market (XLON) --- ------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 17, 2017 07:48 ET (11:48 GMT)
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