Kefi Gold and Copper PLC PDMR Shareholding (8769G)

TIDMKEFI

RNS Number : 8769G

Kefi Gold and Copper PLC

24 July 2023

24 July 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

PDMR Shareholding

KEFI Gold and Copper plc (AIM: KEFI),the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, was notified on 21 July 2023 by Eddy Solbrandt, Chief Operating Officer of KEFI, that 74,911,715 Ordinary Shares of the 149,823,430 ordinary shares of 0.1 pence each ("Ordinary Shares") held by Winchcombe Ventures Limited have been transferred to his personal account at a price of 0.9 pence per share. Mr Solbrandt has a one third beneficial interest in Winchcombe Ventures Limited with the balance being owned by parties who are not PDMR's of KEFI. Following the transfer, Mr. Solbrandt's interest in the KEFI comprises 82,054,572 Ordinary Shares representing approximately 1.65% of the issued share capital of the Company.

Shareholder Warrants

In addition, 22,643,017 of the 45,286,034 shareholder warrants held by Winchcombe Ventures Limited will now be held by Mr Solbrandt in his own personal capacity.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
 1.     Details of the person discharging managerial responsibilities/person closely associated 
  (a)   Full name of      Eckard (Eddy) Solbrandt 
        person Dealing 
       ----------------  -------------------------------------------------------------------------------------------------- 
 2.     Reason for notification 
       -------------------------------------------------------------------------------------------------------------------- 
  (a)   Position/status   Chief Operating Officer / PDMR 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (b)   Initial           Initial notification 
        notification/ 
        Amendment 
       ----------------  -------------------------------------------------------------------------------------------------- 
 3.     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
         or auction monitor 
       -------------------------------------------------------------------------------------------------------------------- 
  (a)   Name of entity    KEFI Gold and Copper Plc 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (b)   LEI               213800OO6ETVDGE3QY15 
       ----------------  -------------------------------------------------------------------------------------------------- 
 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 0.1 pence 
        the financial 
        instrument, 
        type of 
        instrument 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (b)   Identification    GB00BD8GP619 
        code 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (c)   Nature of the     Transfer of shares previously held beneficially by an entity into his individual name. 
        transaction 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (d)   Price(s) and       Share Prices(s)    Share Volume(s)   Warrant     Warrant 
        volume(s)                                                 Price       Volume 
                             0.9 pence         74,911,715        1.6 pence   22,643,017 
                                              ----------------  ----------  ----------- 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (e)   Aggregated         Single transaction as in 4(d) above  Share Prices(s)     Share Volume(s)    Warrant      Warrant 
        information:                                                  Price        Volume 
        - Aggregated          0.9pence            74,911,715         1.6 pence    22,643,017 
        volume                                  -----------------  -----------  ------------ 
        - Price 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (f)   Date of           20 July 2023 
        transaction 
       ----------------  -------------------------------------------------------------------------------------------------- 
  (g)   Place of          Outside a trading venue 
        transaction 
       ----------------  -------------------------------------------------------------------------------------------------- 
 

Enquiries

 
 KEFI Gold and Copper plc 
 Harry Anagnostaras-Adams (Executive Chairman)                            [phone] 
 John Leach (Finance Director)                                            [phone] 
 
   SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)      [phone] 
 Jeff Keating, Adam Cowl 
 
   Tavira Financial Limited (Joint Broker)                                  [phone] 
 Oliver Stansfield, Jonathan Evans 
 
   IFC Advisory Ltd (Financial PR and IR)                                   [phone] 
 Tim Metcalfe, Florence Chandler 
 

Further information can be viewed at https://www.kefi-goldandcopper.com

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July 24, 2023 02:00 ET (06:00 GMT)