TIDMAFP

RNS Number : 5420Y

African Pioneer PLC

03 January 2024

3 January 2024

African Pioneer Plc

("African Pioneer" or the "Company")

Director's Dealings & Shareholder Interest

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by M&A Wealth Pty Ltd, a member of the Concert Party, that on 29 December 2023 and 3 January 2024 it has sold a total of 1,125,000 ordinary shares of no par value each in the Company ("Shares") ("Share Sale") reducing its shareholding in the Company to 1,875,000 Shares representing 0.82% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by M&A Wealth 375,000 Shares representing in aggregate 0.164% of the Total Voting Rights were acquired by the Company's Director Colin Bird at 1.6 pence ("Director's Share Purchase"). As a result of the Share Sale and the Director's Share Purchase, the aggregated Concert Party interest has reduced from 44.8% to 44.49%.

Directors' updated shareholdings: The table below shows the current shareholdings of Directors and their related parties as a percentage of Total Voting Rights after the Director's Share Purchase:

 
                                                     Shareholdings 
                                  -------------------------------------------------- 
 Director & Position                  Current             Director's         Updated      % of Issued 
                                                      Share Purchase    shareholding    Share Capital 
--------------------------------  -----------  ---------------------  --------------  --------------- 
 Colin Bird: Chairman              24,117,284                375,000      24,492,284           10.74% 
 Raju Samtani: Finance Director    18,395,061                      -      18,395,061            8.07% 
 Christian Cordier Director        17,222,222                      -      17,222,222            7.55% 
 Kjeld Thygesen: Non Executive      1,033,334                      -       1,033,334            0.45% 
 James Cunnigham Davis:                     -                      -               -              Nil 
  Non Executive 
 

For further information, please contact:

 
African Pioneer Plc                  Tel +44 (0) 20 7581 4477 
 Colin Bird, Chairman 
Beaumont Cornish Limited (Financial  Tel +44 (0) 20 7628 3396 
 Adviser) 
 Roland Cornish/Asia Szusciak 
Novum Securities Limited (Broker)    Tel +44 (0) 20 7399 9400 
 Jon Belliss 
 
   or visit   https://africanpioneerplc.com/ 
 
 
  The information contained within this announcement is deemed by 
  the Company to constitute inside information as stipulated under 
  the Market Abuse Regulations (EU) No. 596/2014 as it forms part 
  of UK Domestic Law by virtue of the European Union (Withdrawal) 
  Act 2018 ("UK MAR"). 
 
 
  PDMR Notification Forms : 
  The notifications below are made in accordance with the requirements 
  of MAR. 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Colin Bird 
      --------------------------------  ---------------------------------- 
 2.    Reason for the Notification 
      -------------------------------------------------------------------- 
 a)    Position/status                   Executive Chairman & Director 
      --------------------------------  ---------------------------------- 
 b)    Initial notification/amendment    Initial notification 
      --------------------------------  ---------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                              African Pioneer PLC 
      --------------------------------  ---------------------------------- 
 b)    LEI                               213800QQF8O18CMJPW43 
      --------------------------------  ---------------------------------- 
 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 Financial      Ordinary shares with no par value 
        instrument, type of instrument 
      --------------------------------  ---------------------------------- 
       Identification code               ISIN: IM00B8C0HK22 
                                          TIDM: AFP 
      --------------------------------  ---------------------------------- 
 b)    Nature of the Transaction         Purchase of shares for GBP6,000 
      --------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s) 
                                           No. of Shares    375,000 
                                                           ---------- 
                                           Price            1.6 pence 
                                                           ---------- 
      --------------------------------  ---------------------------------- 
 d)    Aggregated information 
        Aggregated volume                  n/a 
      --------------------------------  ---------------------------------- 
 e)    Date of the transaction           29 December 2023 
      --------------------------------  ---------------------------------- 
 f)    Place of the transaction          XLON 
      --------------------------------  ---------------------------------- 
 

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END

DSHSSMFFDELSELF

(END) Dow Jones Newswires

January 03, 2024 06:48 ET (11:48 GMT)

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