Kennedy Ventures PLC Directors' Exercise of Options (0390H)
08 March 2018 - 4:21AM
UK Regulatory
TIDMKENV
RNS Number : 0390H
Kennedy Ventures PLC
07 March 2018
This announcement replaces the 'Directors' Exercise of Options'
announcement released on 6 March 2018 at 7.00 a.m. under RNS No
7551G. The transaction date of the exercise of options has been
corrected to 14 February 2018.
All other details remain unchanged. The full text is shown
below.
7 March 2018
Kennedy Ventures plc
Directors' Exercise of Options
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, announces that Giles Clarke,
Chairman, and Nick Harrison, Director, have each exercised options
over 1,599,705 ordinary shares of 1p each ("Ordinary Shares") at an
exercise price of 1.25 pence per Ordinary Share.
Following the exercise of these options, Mr Clarke will hold
10,499,410 Ordinary Shares in the capital of the Company,
representing 4.12 per cent. of the Company's issued share capital
and Mr Harrison will hold 8,832,743 Ordinary Shares in the capital
of the Company, representing 3.47 per cent. of the Company's issued
share capital. Westleigh Investments Holdings Limited ("WIHL"), a
company wholly owned and controlled by Giles Clarke and Nick
Harrison also has an interest in 10,338,095 Ordinary Shares,
representing 4.06 per cent. of the Company's issued share
capital.
The new Ordinary Shares issued pursuant to the exercise of
options will rank pari passu with the Company's existing issued
Ordinary Shares. Application has been made for 3,199,410 new
Ordinary Shares to be admitted to the AIM Market of the London
Stock Exchange ("AIM"). Admission is expected to become effective
on or around 12 March 2018 ("Admission").
Following Admission, the Company's issued share capital will
comprise 254,716,503 Ordinary Shares. The Company does not hold any
Ordinary Shares in treasury. This figure of 254,716,503 may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company, under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
For further information on the Company, visit: www.kvplc.com, or
contact:
Kennedy Ventures plc (c/o Tel: +44 (0)203
Camarco) 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)
Mark Percy / Toby Gibbs (corporate 207 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0)
Gordon Poole / James Crothers 203 757 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.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Giles Clarke
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Chairman
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Kennedy Ventures plc
--- ------------------------------- ---------------------------
b) LEI 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 Exercise of Options over
the Financial Ordinary Shares
instrument, type
of instrument
---
Identification GB00B830HW33
code
--- ------------------------------- ---------------------------
b) Nature of the Exercise of Options over
transaction Ordinary Shares
--- ------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
1.25p 1,599,705
--------- ----------
--- ------------------------------- ---------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the transaction 14 February 2018
--- ------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- ---------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Nick Harrison
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Director
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Kennedy Ventures plc
--- ------------------------------- ---------------------------
b) LEI 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 Exercise of Options over
the Financial Ordinary Shares
instrument, type
of instrument
---
Identification GB00B830HW33
code
--- ------------------------------- ---------------------------
b) Nature of the Exercise of Options over
transaction Ordinary Shares
--- ------------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
1.25p 1,599,705
--------- ----------
--- ------------------------------- ---------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the transaction 14 February 2018
--- ------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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