29 August 2024
Kazera Global
plc ("Kazera" or "the Company")
Director Share
Purchase
Kazera Global plc, the AIM-quoted
investment company, has been notified that Dennis Edmonds, CEO
of Kazera, has purchased 900,000 ordinary shares
of 0.1p each
in the Company ("Ordinary Shares") at a price of 1.10 pence per share today,
29 August 2024.
Following the share
purchase, Dennis Edmonds' beneficial interest in the
Company is 13,196,131 Ordinary Shares, representing 1.41 % of the
Company's issued share capital.
The notification below, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
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)
|
Name
|
Dennis Edmonds
|
|
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
|
Kazera Global plc
|
|
b)
|
Legal Entity Identifier
|
213800U4PZ148SFLGY26
|
|
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
instrument, type of instrument
Identification code
|
Ordinary Shares
of 0.1 pence each
GB00B830HW33
|
|
b)
|
Nature of the transaction
|
Purchase
of Ordinary
Shares
|
|
c)
|
Currency
|
GBP
|
|
d)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
1.10p
|
900,000
|
|
|
|
e)
|
Aggregated information
- Aggregated volume
- Price
- Aggregated total
|
900,000 Ordinary Shares,
bought at a price of 1.10 pence
per share, totalling £9,900
|
|
f)
|
Date of the transaction
|
29 August 2024
|
|
g)
|
Place of the transaction
|
London Stock Exchange,
AIM
|
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under
Article 17 of MAR.
ENDS
For further information visit
www.kazeraglobal.com
or contact:
|
Kazera Global
plc
Dennis Edmonds, CEO
|
kazera@stbridespartners.co.uk
|
|
Cavendish
Capital Markets Ltd (Nominated Adviser and
Broker)
Derrick Lee / Pearl Kellie (Corporate
Finance)
|
Tel: +44 (0)207 220 0500
|
|
St Brides
Partners (Financial PR)
Paul Dulieu / Isabel de
Salis
|
kazera@stbridespartners.co.uk
|
About Kazera
Global plc
Kazera is a global investment company focused
on leveraging the skills and expertise of its Board of Directors to
develop early-stage mineral exploration and development assets
towards meaningful cashflow and production. Its three principal
investments are as follows:
Alluvial diamond mining through Deep
Blue Minerals (Pty) Ltd, Alexander Bay, South Africa
Kazera currently has a 100% direct interest in
Deep Blue Minerals, of which 74% is held beneficially by Kazera and
26% is held on behalf of Black Economic Empowerment
partners.
Heavy Mineral Sands mining
(including ilmenite, monazite, rutile, and zircon) through Whale
Head Minerals (Pty) Ltd, Alexander Bay, South Africa.
Kazera currently has a 70% direct beneficial
interest in Whale Head Minerals together with the benefit of a loan
facility entitling it to receive approximately £38m out of
dividends from the other shareholders.
Tantalite mining in South-East
Namibia (divestment in progress)
As announced on 20 December 2022, Kazera has
agreed to dispose of African Tantalum (Pty) Ltd ("Aftan") for a
cash consideration of US$13 million plus a debenture payment of
2.5% of the gross sales of produced lithium and tantalum for
life-of-mine. Completion of the sale is subject to receipt of full
consideration proceeds. Aftan has been deconsolidated from the
Company's financial statements with effect from 4 January 2023
because in accordance with the terms of the sale agreement, it has
relinquished control of the Aftan in favour of the purchaser, Hebei
Xinjian Construction Close Corp ("Hebei Xinjian") with effect from
that date. Kazera retains the right to cancel the transaction and
retain all amounts paid to date in the event of default by Hebei
Xinjian.
The Company will consider additional investment
opportunities as appropriate, having regard to the Group's future
cash flow requirements.