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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kazera Global Plc | LSE:KZG | London | Ordinary Share | GB00B830HW33 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.075 | -10.34% | 0.65 | 0.60 | 0.70 | 0.725 | 0.65 | 0.725 | 2,882,463 | 16:08:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 55k | 6.71M | 0.0072 | 0.90 | 6.09M |
TIDMKENV
RNS Number : 7487G
Kennedy Ventures PLC
05 March 2018
5 March 2018
Kennedy Ventures plc
Result of AGM and New Investing Policy
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 Investment Mine in Namibia, is pleased to announce that, at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed. Accordingly the Company has now adopted its new Investing Policy which is set out below.
Following approval at the Annual General Meeting the Company also intends to change its name to Kazera Global plc and will make a further announcement in due course when the change of name has taken effect.
Investing Policy
Kennedy Ventures plc seeks to achieve shareholder return primarily via capital appreciation through the purchase and sale of securities and other direct investments in companies and projects primarily in, but not limited to, Africa within the mining and resource sectors (the "Target Sectors") including traditional direct investments in securities and similar financial instruments including any combination of the following:
(a) equity securities (predominantly unlisted);
(b) listed and unlisted debt securities that may be rated or not rated (bonds, debt instruments, convertible bonds and bonds with warrants, fund-linked notes with a capital guarantee, loan facilities etc.); and
(c) hybrid instruments.
The Company may exploit a wide range of investment opportunities within the Target Sectors as they arise and, to this end, the Company has complete flexibility in selecting the specific investment and trading strategies that it sees fit in order to achieve its investment objective. In this regard, the Company may seek to gain Board representation and/or managerial control in its underlying investments if it deems to be the best way of generating value for Shareholders.
Opportunities will be chosen through a careful selection process which will appraise both the fundamental factors specific to the opportunity as well as wider economic considerations. Typical factors that will be considered are the strength of management, the quality of the asset base, the investment's scale and growth potential, the commodity price outlook, any geopolitical concerns, the underlying financial position, future working capital requirements as well as potential exit routes. Investments may be in the form of buy-outs, controlling positions (whether initially or as a result of additional or follow-on investments) or strategic minority investments.
There is no fixed limit on the number of projects or companies into which the Company may invest, nor the proportion of the Company's gross assets that any investment may represent at any time.
No material change will be made to the Company's investing policy without the approval of Shareholders.
Kennedy Ventures plc (c/o Camarco) Tel: +44 (0)203 757 4980 Larry Johnson (CEO) finnCap (Nominated Adviser Tel: +44 (0)20 and Joint broker) 7220 0500 Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking) Shore Capital (Joint 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 / James Crothers 757 4980 / Monique Perks
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 05, 2018 11:52 ET (16:52 GMT)
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