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Kavango Resources PLC's CEO, Ben Turney, and COO, Brett Grist, both Directors and Persons Discharging Managerial Responsibility (PDMRs), acquired Ordinary Shares of £0.001 each on 3 October 2022. Ben Turney acquired an aggregated volume of 920,245 shares at an aggregated price of 1.65 GBPX per share. Brett Grist acquired an aggregated volume of 920,245 shares at an aggregated price of 1.63 GBPX per share, with both transactions occurring via nominee dealing accounts on the London Stock Exchange.
| Date | 5 Oct 2022 |
| Time | 13:48:45 |
| Category | Director/PDMR dealings |
| ID | 9187B |
5 October 2022
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Director Dealings
The Company announces that it was notified on 3 October 2022 that Ben Turney (CEO) and Brett Grist (COO), Directors / Persons Discharging Managerial Responsibility ('PDMRs') have each purchased in the region of £15,000 worth of the Company's Ordinary Shares of £0.001 each ("Ordinary Shares").
The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the transactions.
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1
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Details of PDMR / person closely associated with them
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a)
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Name
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Ben Turney
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Kavango Resources PLC |
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b)
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LEI
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2138007PZJFATXWUTS29 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of £0.001 each |
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Identification code |
ISIN: GB00BF0VMV24 |
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b)
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Nature of the transaction
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Acquisition of shares via nominee dealing account. |
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c)
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Price(s) and volume(s) |
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Price(s) GBPX |
Volume(s) |
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1.70 1.70 1.6349 |
20,245 150,000 750,000 |
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d)
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Aggregated information -Aggregated Volume -Price
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920,245 1.65 |
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e)
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Date of the transaction
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3 October 2022 |
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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1
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Details of PDMR / person closely associated with them
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a)
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Name
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Brett Grist |
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2
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Reason for the notification
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a)
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Position/status
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Chief Operating Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Kavango Resources PLC |
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b)
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LEI
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2138007PZJFATXWUTS29 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of £0.001 each |
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Identification code |
ISIN: GB00BF0VMV24 |
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b)
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Nature of the transaction
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Acquisition of shares via nominee dealing account. |
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c)
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Price(s) and volume(s) |
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Price(s) GBPX |
Volume(s) |
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1.63 |
920,245 |
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d)
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Aggregated information -Aggregated Volume -Price
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n/a - single transaction |
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e)
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Date of the transaction
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3 October 2022 |
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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For further information, please contact:
Kavango Resources Plc
Ben Turney
+46 7697 406 06
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson