t
Kodal Minerals plc announced that Operations Director Steven Zaninovich sold 30,000,000 ordinary shares and Non-Executive Director Charles Joseland sold 5,000,000 ordinary shares on 21 and 22 March 2023. These sales were made to satisfy costs and tax liabilities from options and warrants exercised on 20 March 2023. Following these dealings, Steven Zaninovich now holds 7,142,847 shares (0.04%) and Charles Joseland holds 11,250,000 shares (0.07%).
| Date | 23 Mar 2023 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 9307T |
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
23 March 2023
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
Director dealings and shareholdings
Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, announces that it has been informed that on 21 March 2023 and 22 March 2023, Steven Zaninovich, Operations Director of the Company, and Charles Joseland, Non-Executive Director of the Company, have respectively sold 30,000,000 and 5,000,000 ordinary shares of 0.03125 pence each in the Company ("Ordinary Shares") (together the "Director Dealings") in order to satisfy the cost and tax liabilities arising from the exercise of options and warrants, as announced by the Company on 20 March 2023. The Directors do not anticipate making any further sales in the immediate future pursuant to the options and warrants exercised on 20 March 2023.
Full details of the Director Dealings including the sale prices are outlined below.
|
Name |
Trade date |
No. of Ordinary Shares sold |
Average price per Ordinary Share sold |
|
Charles Joseland |
21/03/2023 |
2,642,857 |
0.39544p |
|
22/03/2023 |
2,357,143 |
0.38471p |
|
|
Steven Zaninovich |
21/03/2023 |
15,857,143 |
0.39544p |
|
22/03/2023 |
14,142,857 |
0.38471p |
Following the Director Dealings, the directors of the Company now hold the following shareholdings in the Company (and not as stated in the Company's announcement on 20 March 2023):
|
Name |
Total No. of Ordinary Shares sold |
No. of Ordinary Shares now held |
Percentage of existing issued share capital now held |
|
Bernard Aylward |
0 |
251,364,799 |
1.48% |
|
Steven Zaninovich |
30,000,000 |
7,142,847 |
0.04% |
|
Robert Wooldridge |
0 |
169,973,858 |
1.00% |
|
Charles Joseland |
5,000,000 |
11,250,000 |
0.07% |
|
Qingtao Zeng |
0 |
11,392,857 |
0.07% |
Details of the Director Dealings in which directors are interested in are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.
For further information, please visit www.kodalminerals.com or contact the following:
|
Kodal Minerals plc Bernard Aylward, CEO |
Tel: +61 418 943 345
|
|
Allenby Capital Limited, Nominated Adviser Jeremy Porter/Vivek Bhardwaj/Nick Harriss
|
Tel: 020 3328 5656 |
|
SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker John Mackay/Adam Cowl
|
Tel: 020 3470 0470 |
|
Canaccord Genuity UK Limited, Joint Broker James Asensio/Gordon Hamilton
|
Tel: 0207 523 4680 |
|
St Brides Partners Ltd, Financial PR Susie Geliher/Ana Ribeiro
|
Tel: 020 7236 1177 |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Charles Joseland
|
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Non-executive Director |
||||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Kodal Minerals plc |
||||||
|
b) |
LEI |
213800VKFS7TS32EGI81 |
||||||
|
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 the financial instrument, type of instrument Identification code |
ordinary shares of 0.03125p
|
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
5,000,000 Ordinary Shares
n/a (see price breakdown above) |
||||||
|
e) |
Date of transaction |
21 to 22 March 2023 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange - XLON |
||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a) |
Name |
Steven Zaninovich |
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Executive Director - Operations Director |
||||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Kodal Minerals plc |
||||||
|
b) |
LEI |
213800VKFS7TS32EGI81 |
||||||
|
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 the financial instrument, type of instrument Identification code |
ordinary shares of 0.03125p
|
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
30,000,000 Ordinary Shares
n/a (see price breakdown above)
|
||||||
|
e) |
Date of transaction |
21 to 22 March 2023 |
||||||
|
f) |
Place of the transaction |
London Stock Exchange - XLON |
||||||