Last checked at 9 Jan 2020 14:53
KEFI Minerals plc
("KEFI" or the "Company")
Dealings by Directors and PDMRs
Following the announcement dated 17 December 2019, the Company is pleased to confirm that certain Directors, senior management and employees have today subscribed for a total of 49,419,600 Remuneration Shares and 24,709,799 Warrants. Further details concerning any dealings by persons discharging managerial responsibilities and persons closely associated with them ("PDMRs") is set out below. All of the Remuneration Shares and Warrants are being issued in lieu of accrued fees and salaries that were due in cash.
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 person Dealing | 1. Harry Anagnostaras-Adams 2. John Leach 3. Norman Arthur Ling 4. Mark Tyler 5. Richard Lewin Robinson 6. Brian Charles Hosking 7. David John Charles Munro 8. Eddy Solbrandt 9. Evangelos Katsamas
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2. | Reason for notification | |||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Position/status | 1. Executive Chairman 2. Finance Director 3. Non- Executive Director 4. Non -Executive Director 5. Non-Executive Director 6. Head of HR & Planning 7. Head of Operations 8. Head of Systems 9. Group Financial Controller
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(b) | Initial notification/ Amendment | Initial notification | ||||||||||||||||||||||||||||||||||||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||||||||||||||||||||||||||
(a) | Name of entity | KEFI Minerals 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 the financial instrument, type of instrument | Ordinary shares of 0.1 pence | ||||||||||||||||||||||||||||||||||||||||||||||||
(b) | Identification code | GB00BD8GP619 | ||||||||||||||||||||||||||||||||||||||||||||||||
(c) | Nature of the transaction | Issue of shares in lieu of salary and fees due in cash | ||||||||||||||||||||||||||||||||||||||||||||||||
(d) | Price(s) and volume(s) |
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(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
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(f) | Date of transaction | 6 January 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
(g) | Place of transaction | Outside a trading venue and shares in placement | ||||||||||||||||||||||||||||||||||||||||||||||||
Enquiries
KEFI Minerals plc | |
Harry Anagnostaras-Adams (Executive Chairman) | +357 99457843 |
John Leach (Finance Director) | +357 99208130 |
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) | +44 (0) 20 3470 0470 |
Jeff Keating, Soltan Tagiev | |
Brandon Hill Capital Ltd (Joint Broker) | +44 (0) 20 7936 5200 |
Oliver Stansfield, Jonathan Evans | |
IFC Advisory Ltd (Financial PR and IR) | +44 (0) 20 3934 6630 |
Tim Metcalfe, Florence Chandler |
Further information can be viewed at www.kefi-minerals.com
Definitions
"Ordinary Shares" | Ordinary shares of 0.1p each in the share capital of the Company
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"Remuneration Shares" | The Company issued 49,419,600 Ordinary Shares representing an aggregate value of £617,745 which are intended to be granted to certain directors, PDMR and management of the Company to satisfy accrued fees and salaries |
"Warrants" | Parties receiving either Settlement Shares or Remuneration Shares will also receive one Warrant for every two Settlement Shares or Remuneration Shares. Each Warrant will entitle the holder to subscribe for one new Ordinary Share at a price of 2p per Ordinary Share and must be exercised by 30 April 2020 (following which unexercised Warrants will lapse and be cancelled). |