Kazera Global PLC Executive Salary Sacrifice (3513R)
29 June 2020 - 5:30PM
UK Regulatory
TIDMKZG
RNS Number : 3513R
Kazera Global PLC
29 June 2020
29 June 2020
Kazera Global plc
Executive Salary Sacrifice
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"),
the AIM quoted investment company, announces that, in lieu of
$25,000 of his salary, Chief Executive Officer Larry Johnson has
elected to receive a total of 4,000,000 ordinary shares in the
Company ("Ordinary Shares") as part of his compensation between the
months of May 2020 to December 2020.
An initial 500,000 Ordinary Shares will be issued immediately as
compensation for May 2020 with the remaining balance of 3,500,000
Ordinary Shares to be issued at the end of December 2020.
All 4,000,000 Ordinary Shares to be issued to Mr. Johnson will
be issued at a price of 0.5p per Ordinary Share, in line with the
Company's Placing announced on 04 June 2020.
Admission
Application has been made to the London Stock Exchange to admit
500,000 new Ordinary Shares to trading on AIM, Admission of the New
Ordinary Shares is expected to occur on 2(nd) July 2020
("Admission"). The New Ordinary Shares will rank pari passu with
the existing Ordinary Shares.
Following Admission, the issued share capital of the Company
will be 680,450,986 Ordinary Shares and this figure may be used by
shareholders as a denominator for the calculations by which the
will determine if they are required to notify their interest in, or
change to their interest in the Company under the Disclosure
Guidance and Transparency Rules published by the UK Financial
Conduct Authority. There are no Ordinary Shares held in treasury
and each Ordinary Share entitled the holder to a single vote at
general meetings of the Company. Therefore, the total number of
voting rights in the Company will be 680,450,986.
For further information on the Company, visit: www. kazeraglobal
.com
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Tel: +44 (0)207 220 0500
Broker)
Christopher Raggett / Anthony Adams
(corporate finance)
Camarco (PR) Tel: +44 (0)20 3781 8331
Gordon Poole / James Crothers / Hugo
Liddy
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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