Last checked at 27 Jul 2015 07:00
27th July 2015
Kennedy Ventures plc
Award of Performance Shares to Director
Kennedy Ventures plc ("Kennedy Ventures" or "the Company") which is focused on tantalite production in Namibia through its 75% holding in African Tantalum (Pty) Limited, agreed on Friday 24th July to make a conditional award of 1,400,000 ordinary shares of £0.01 in the Company to Peter Hibberd, Chief Executive Officer of Kennedy Ventures (the "Award").
The shares granted under the Award will be issued as certain performance criteria are met, including inter alia the completion of the initial shipments of tantalite pursuant to the offtake agreement announced by Kennedy Ventures in July 2015 and the on-going profitability of the Company.
-ENDS-
For further information, please contact:
Kennedy Ventures plcPeter Hibberd c/o Georgia Mann | 020 3757 4983 |
Cenkos Securities (Nominated Adviser and Joint Broker)Derrick Lee / Nick Tulloch | 0131 220 6939 |
Shore Capital (Joint Broker)Mark Percy / Toby Gibbs (corporate finance)Jerry Keen (corporate broking) | 020 7408 4090 |
Peterhouse Corporate Finance (Joint Broker)Duncan Vasey | 020 7469 0935 |
CamarcoBilly Clegg / Georgia Mann | 020 3757 6983 |