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On January 7, 2026, Kavango Resources PLC's Board of Directors approved the grant of new share options. A total of 90,000,000 options were granted to Directors and PDMRs, and 150,000,000 options to employees and consultants, all exercisable at 1 pence per Ordinary Share. Specific Director and PDMR grants included 40,000,000 options to Alexandra Gorman, 20,000,000 to Donald McAlister, 20,000,000 to Hillary Gumbo, and 10,000,000 to Gautam Dalal.
| Date | 7 Jan 2026 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 8926N |
7 January 2026
Kavango Resources plc
("Kavango" or the "Company")
Grant of New Share Options and PDMR Disclosures
Kavango Resources plc (LSE: KAV, VFEX: KAV.VX), the Southern Africa focused metals exploration and gold production company, announces Kavango's Board of Directors ("the Board") has approved the grant of 90,000,000 share options to Directors and PDMRs of the Company (the "Director Options") and 150,000,000 share options to employees and consultants of the Company and its subsidiaries (the "Other Options").
More information on the terms of the option grants is provided below.
The Director Options are exercisable at a price of 1 pence ("p") per Ordinary Share, vesting after three years and for a period of 10 years.
The Other Options are exercisable at a price of 1p per Ordinary Share, vesting after three years, for a period of 10 years.
The information below is set out in accordance with the requirements of the UK Market Abuse Regulation.
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1 |
Details of PDMR/person closely associated with them ("PCA") |
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a) |
Name |
a) Alexandra Gorman |
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b) Donald McAlister |
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c) Hillary Gumbo |
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d) Gautam Dalal |
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2 |
Reason for the notification |
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a) |
Position/status |
a) PDMR/Director |
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b) PDMR/Director |
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c) PDMR/Director |
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d) PDMR/Director |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Kavango Resources PLC |
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b) |
LEI |
2138007PZJFATXWUTS29 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares |
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Identification code |
ISIN: GB00BF0VMV24 |
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b) |
Nature of the transaction |
Grant of new share options |
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c) |
Price(s) and volume(s) |
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Price(s) GBPX |
Volume(s) |
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a) 1p |
40,000,000 |
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b) 1p |
20,000,000 |
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c) 1p |
20,000,000 |
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d) 1p |
10,000,000 |
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d) |
Aggregated information |
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Aggregated Volume |
N/A |
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Price |
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e) |
Date of the transaction |
07-Jan-26 |
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f) |
Place of the transaction |
Off-market |
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Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com
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For further information please contact: |
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Kavango Resources plc Peter F Wynter Bee |
Shard Capital Partners LLP (Corporate Broker) |
BlytheRay Ltd |
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Inter-Horizon Group
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Nurture Advisory (Pvt) Ltd Zinzi Mlambo- Ziki |
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