Kennedy Ventures PLC Result of AGM and New Investing Policy (7487G)
06 March 2018 - 3:52AM
UK Regulatory
TIDMKENV
RNS Number : 7487G
Kennedy Ventures PLC
05 March 2018
5 March 2018
Kennedy Ventures plc
Result of AGM and New Investing Policy
Kennedy Ventures plc ("Kennedy Ventures" or the "Company"), the
AIM quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia
Tantalite Investment Mine in Namibia, is pleased to announce that,
at the Annual General Meeting of the Company held earlier today,
all resolutions were duly passed. Accordingly the Company has now
adopted its new Investing Policy which is set out below.
Following approval at the Annual General Meeting the Company
also intends to change its name to Kazera Global plc and will make
a further announcement in due course when the change of name has
taken effect.
Investing Policy
Kennedy Ventures plc seeks to achieve shareholder return
primarily via capital appreciation through the purchase and sale of
securities and other direct investments in companies and projects
primarily in, but not limited to, Africa within the mining and
resource sectors (the "Target Sectors") including traditional
direct investments in securities and similar financial instruments
including any combination of the following:
(a) equity securities (predominantly unlisted);
(b) listed and unlisted debt securities that may be rated or not
rated (bonds, debt instruments, convertible bonds and bonds with
warrants, fund-linked notes with a capital guarantee, loan
facilities etc.); and
(c) hybrid instruments.
The Company may exploit a wide range of investment opportunities
within the Target Sectors as they arise and, to this end, the
Company has complete flexibility in selecting the specific
investment and trading strategies that it sees fit in order to
achieve its investment objective. In this regard, the Company may
seek to gain Board representation and/or managerial control in its
underlying investments if it deems to be the best way of generating
value for Shareholders.
Opportunities will be chosen through a careful selection process
which will appraise both the fundamental factors specific to the
opportunity as well as wider economic considerations. Typical
factors that will be considered are the strength of management, the
quality of the asset base, the investment's scale and growth
potential, the commodity price outlook, any geopolitical concerns,
the underlying financial position, future working capital
requirements as well as potential exit routes. Investments may be
in the form of buy-outs, controlling positions (whether initially
or as a result of additional or follow-on investments) or strategic
minority investments.
There is no fixed limit on the number of projects or companies
into which the Company may invest, nor the proportion of the
Company's gross assets that any investment may represent at any
time.
No material change will be made to the Company's investing
policy without the approval of Shareholders.
Kennedy Ventures plc (c/o Camarco) Tel: +44 (0)203
757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser Tel: +44 (0)20
and Joint broker) 7220 0500
Christopher Raggett / Scott
Mathieson / Anthony Adams (corporate
finance)
Simon Johnson (corporate broking)
Shore Capital (Joint broker) Tel: +44 (0) 207
Mark Percy / Toby Gibbs (corporate 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0) 203
Gordon Poole / James Crothers 757 4980
/ Monique Perks
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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