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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kodal Minerals Plc | LSE:KOD | London | Ordinary Share | GB00BH3X7Y70 | ORD 0.03125P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.44 | 0.43 | 0.45 | 0.44 | 0.44 | 0.44 | 3,788,820 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -1.46M | -0.0001 | -44.00 | 89.06M |
TIDMKOD
RNS Number : 7392T
Kodal Minerals PLC
16 November 2023
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
16 November 2023
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
Exercise of Options, Warrants and Performance Share Rights,
change to director shareholdings
and change to Total Voting Rights
Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, announces that it has received notices of exercise for options ("Options"), warrants ("Warrants") and Performance Share Rights from certain directors, former directors, senior management and consultants of the Company to subscribe for a total of 280,833,333 new ordinary shares of 0.03125 pence each in the Company ("New Ordinary Shares") (together, the "exercise(s)"). Total subscription proceeds for the Company from these exercises is GBP651,833.
Application will be made for the 280,833,333 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 22 November 2023.
Director exercises of Options and Performance Share Rights
Steven Zaninovich, Robert Wooldridge and Charles Joseland have exercised Options over, in aggregate, 92,916,666 New Ordinary Shares, as set out in the table below, which also sets out their resultant shareholdings.
In addition, the Company has received notice from Bernard Aylward to exercise his Performance Share Rights (as announced on 27 August 2021) over 70 million New Ordinary Shares at a subscription price of 0.03125 pence per share. This follows the satisfaction of the vesting condition relating to securing of finance for the construction of the Bougouni Lithium Project in Mali ("Bougouni"), as announced by the Company on 15 November 2023. Bernard Aylward's resultant shareholding is set out in the table below.
Name No. of New Ordinary Subscription amount Total No. of Ordinary Percentage of the Shares issued on (GBP) Shares held following enlarged exercise exercise share capital Bernard Aylward 70,000,000 GBP21,875.00 321,364,799 1.59% ---------------------- ----------------------- ----------------------- ----------------------- Steven Zaninovich 26,666,666 GBP52,000.00 33,809,513 0.17% ---------------------- ----------------------- ----------------------- ----------------------- Robert Wooldridge 16,250,000 GBP59,750.00 186,223,858 0.92% ---------------------- ----------------------- ----------------------- ----------------------- Charles Joseland 50,000,000 GBP160,000.00 61,250,000 0.30% ---------------------- ----------------------- ----------------------- -----------------------
The Company has also received notice from Mohamed Niare (Country Manager, Mali) to exercise his Performance Share Rights (as announced on 27 August 2021) over 10 million New Ordinary Shares at a subscription price of 0.03125 pence per share.
Details of the exercises in which directors and PDMRs are interested are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.
Total voting rights
Upon Admission, the issued share capital of the Company will consist of 20,241,116,260 ordinary shares of 0.01325p each. The Company holds no shares in treasury. The total number of voting rights in the Company from Admission will therefore be 20,241,116,260. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Guidance and Transparency Rules of the UK Financial Conduct Authority.
**S**
For further information, please visit www.kodalminerals .com or contact the following:
Kodal Minerals plc Bernard Aylward, CEO Tel: +61 418 943 345 Allenby Capital Limited, Nominated Adviser Jeremy Porter/Vivek Bhardwaj/Nick Harriss Tel: 020 3328 5656 SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker Tel: 020 3470 John Mackay/Adam Cowl 0470 Canaccord Genuity Limited, Joint Broker James Asensio/Gordon Hamilton Tel: 0207 523 4680 Buchanan, Financial PR Bobby Morse/Oonagh Reidy Tel: +44 (0)20 7466 5000 kodal@buchanancomms.co.uk 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Directors: Bernard Aylward CEO Steve Zaninovich O perations Director ----------------------- Robert Wooldridge Chairman ----------------------- Charles Joseland Non-Executive Director ----------------------- -------------------------- ----------------------------------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------------------------- a) Position/status See 1 a) above -------------------------- ----------------------------------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- ----------------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------------------- a) Name Kodal Minerals plc -------------------------- ----------------------------------------------------------------- b) LEI 213800VKFS7TS32EGI81 -------------------------- ----------------------------------------------------------------- 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 of 0.03125P financial instrument, type of instrument GB00BH3X7Y70 Identification code -------------------------- ----------------------------------------------------------------- b) Nature of the transaction Exercise of Share Options Exercise of Performance Share Rights -------------------------- ----------------------------------------------------------------- c) Price(s) and volume(s) Name Options Volume Exercise or Performance Price Share Rights Performance Bernard Share Aylward Rights 70,000,000 0.03125p ----------------- ------------ --------- Steve Zaninovich Options 13,333,333 0.14p 13,333,333 0.25p ------------------------------------- ------------ --------- Robert Wooldridge Options 6,250,000 0.38p 10,000,000 0.36p ------------------------------------- ------------ --------- Charles Options 25,000,000 0.30p Joseland 25,000,000 0.34p ------------------------------------- ------------ --------- -------------------------- ----------------------------------------------------------------- d) Aggregated information - Aggregated volume 162,916,666 Ordinary Shares - Price GBP293,625.00 -------------------------- ----------------------------------------------------------------- e) Date of transaction 16 November 2023 -------------------------- ----------------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -----------------------------------------------------------------
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November 16, 2023 10:36 ET (15:36 GMT)
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