TIDMGCAT

RNS Number : 1262A

Caracal Gold PLC

21 September 2022

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

21 September 2022

Caracal Gold plc ('Caracal' or the 'Company')

Director Share Purchase

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, announces that its Chief Executive, Robbie McCrae has purchased 1,500,000 ordinary shares the Company in an off-market purchase at an average price of 0.99p per share for a total cost of GBP14,852.70 as set out below. The Chief Operating Officer, Riaan Lombard, has also purchased 1,500,000 ordinary shares the Company in an off-market purchase at an average price of 0.99p per share for a total cost of GBP14,852.70 as set out below.

Following these purchases, Robbie McCrae owns 104,000,000 ordinary shares, representing 5.53% per cent of the issued share capital in the Company and Riaan Lombard owns 1,500,000 ordinary shares, representing 0.08% per cent of the issued share capital in the Company.

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

 
 1      Details of the person discharging managerial responsibilities / person closely associated 
       --------------------------------------------------------------------------------------------------------------- 
 a)     Name                                                                Mr Robbie McCrae 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 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                                                                Caracal Gold plc 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 b)     LEI                                                                 213800YH9S57GVOPU624 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 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         Ordinary shares of no par value each 
        Identification code                                                  ISIN: GB00BYZC5R04 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 b)     Nature of the transaction                                           Ordinary shares of GBP0.001 par value each 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 
 
 
                                                                                 Price   Volume 
                                                                                ------  ----------- 
 
   c)     Price(s) and volume(s)                                                 0.99p    1,500,000 
                                                                                ------  ----------- 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 d)     Aggregated information: 
         Aggregated volume                                                    1,500,000.00 ordinary share 
         Aggregated Price                                                     0.99p 
         Aggregated total                                                     GBP 14,852.70 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 e)     Date of the transaction                                             16 September 2022 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 f)     Place of the transaction                                            Outside of a trading venue 
-----  ------------------------------------------------------------------  ------------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities / person closely associated 
       --------------------------------------------------------------------------------------------------------------- 
 a)     Name                                                            Mr Riaan Lombard 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 2      Reason for the notification 
-----  --------------------------------------------------------------------------------------------------------------- 
 a)     Position/status                                                 Executive Director and Chief Operating Officer 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 b)     Initial notification /Amendment                                 Initial notification 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
         or auction monitor 
-----  --------------------------------------------------------------------------------------------------------------- 
 a)     Name                                                            Caracal Gold plc 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 b)     LEI                                                             213800YH9S57GVOPU624 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 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     Ordinary shares of no par value each 
        Identification code                                              ISIN: GB00BYZC5R04 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 b)     Nature of the transaction                                       Ordinary shares of GBP0.001 par value each 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 
 
 
                                                                             Price   Volume 
                                                                            ------  ----------- 
 
   c)     Price(s) and volume(s)                                             0.99p    1,500,000 
                                                                            ------  ----------- 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 d)     Aggregated information: 
         Aggregated volume                                                1,500,000.00 ordinary share 
         Aggregated Price                                                 0.99p 
         Aggregated total                                                 GBP 14,852.70 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 e)     Date of the transaction                                         16 September 2022 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 f)     Place of the transaction                                        Outside of a trading venue 
-----  --------------------------------------------------------------  ----------------------------------------------- 
 

Prior to this announcement's release, the statement contained inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR) (Market Abuse Regulation).

**S**

For further information visit www.caracalgold.com or contact the following:

 
 Caracal Gold plc                     info@caracalgold.com 
  Robbie McCrae 
  Sheila Boit 
 Clear Capital Markets Ltd 
  Joint Broker                        +44 203 897 0981 
  Keith Swann / Jonathan Critchley     +44 203 869 6086 
                                     ------------------------------- 
 VSA Capital Ltd 
  Financial Adviser and Joint 
  Broker 
  Andrew Raca (Corporate Finance) 
  Andrew Monk / David Scriven 
  (Corporate Broking)                 +44 203 005 5000 
                                     ------------------------------- 
 St Brides Partners Ltd               caracal@stbridespartners.co.uk 
  Financial PR 
  Charlotte Page / Isabel de Salis 
  / Isabelle Morris 
                                     ------------------------------- 
 DGWA, the German Institute           info@dgwa.org 
  for Asset and 
  Equity Allocation and Valuation 
  European Investor and Corporate 
  Relations Advisor 
  Katharina Löckinger 
                                     ------------------------------- 
 

Notes

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. We are progressing a well-defined mine optimisation strategy at our 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.

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END

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