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On 28 April 2026, Kazera Global plc announced the approval of a pool of up to 150,000,000 options over its Ordinary Shares. A total of 135,000,000 options were granted from this pool to certain directors, including Geoffrey Eyre (33,750,000), Johan Hattingh (26,250,000), and Paul Dulieu (26,250,000), alongside other members of management (48,750,000). These grants, representing approximately 13.6% of the Company's current issued share capital, are conditional upon shareholder approval at a general meeting.
| Date | 28 Apr 2026 |
| Time | 17:29:56 |
| Category | Director/PDMR dealings |
| ID | 2814C |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
28 April 2026
Kazera Global plc
("Kazera" or the "Company")
Grant of Share Options
Kazera Global plc (AIM: KZG), the AIM-quoted investment company, has approved the creation of a pool of up to 150,000,000 options over its Ordinary shares of 0.1 pence each ("Ordinary Shares") under the Company's EMI and Unapproved Share Option Scheme ("Options"), subject to shareholder approval at a general meeting.
A total of 135,000,000 of the Options have been granted to certain directors and members of management under the Company's share option scheme, with such grants also conditional upon shareholder approval at the general meeting.
The award of the Options is structured in three tranches as follows:
|
Tranche |
Exercise Price |
Premium to mid-market close on 27/04/26 |
Option Life |
No. Granted |
Vesting Condition |
|
1 |
£0.001 |
n/a |
2 years |
50,000,000 |
Bloomberg closing mid-market price of Ordinary Shares ≥ 2p for 90 consecutive calendar days, being a premium of 74% to the closing mid-market price on 27 April 2026 |
|
2 |
£0.025 |
163% |
2 years |
25,000,000 |
50% at the commencement of each year |
|
3 |
£0.035 |
268% |
3 years |
60,000,000 |
33.3% at the commencement of each year |
|
Total |
|
|
|
135,000,000 |
|
With the exception of the first tranche, which is subject to a 90-day share price vesting hurdle of 2p per share, the premium at which the exercise price of each Option has been set was determined by reference to the closing mid-market price of 1.15 pence per Ordinary Share on 27 April 2026, being the date prior to the grant of the Options.
|
Optionholder |
Date of grant |
Expiry Date |
Exercise Price |
No. options |
|
Geoffrey Eyre |
28 April 2026 |
27 April 2028 |
£0.001 |
12,500,000 |
|
Geoffrey Eyre |
28 April 2026 |
27 April 2028 |
£0.025 |
6,250,000 |
|
Geoffrey Eyre |
28 April 2026 |
27 April 2029 |
£0.035 |
15,000,000 |
|
Geoffrey Eyre |
|
|
|
33,750,000 |
|
|
|
|
|
|
|
Johan Hattingh |
28 April 2026 |
27 April 2028 |
£0.001 |
10,000,000 |
|
Johan Hattingh |
28 April 2026 |
27 April 2028 |
£0.025 |
5,000,000 |
|
Johan Hattingh |
28 April 2026 |
27 April 2029 |
£0.035 |
11,250,000 |
|
Johan Hattingh |
|
|
|
26,250,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Paul Dulieu |
28 April 2026 |
27 April 2028 |
£0.001 |
10,000,000 |
|
Paul Dulieu |
28 April 2026 |
27 April 2028 |
£0.025 |
5,000,000 |
|
Paul Dulieu |
28 April 2026 |
27 April 2029 |
£0.035 |
11,250,000 |
|
Paul Dulieu |
|
|
|
26,250,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Management |
28 April 2026 |
27 April 2028 |
£0.001 |
17,500,000 |
|
Other Management |
28 April 2026 |
27 April 2028 |
£0.025 |
8,750,000 |
|
Other Management |
28 April 2026 |
27 April 2029 |
£0.035 |
22,500,000 |
|
Other Management |
|
|
|
48,750,000 |
The structure and allocation of the Options is designed to provide strong alignment of the Board and Management with shareholders, such that the value of the Options is materially dependent on substantial share price appreciation, which the Board believes will only be achieved by delivering significantly improved operational performance.
The Options represent approximately 13.6% per cent. of the Company's current issued share capital.
Related Party Transaction
The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors independent of the award of Options, being Richard Jennings and John Wardle, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, consider the terms of the transaction to be fair and reasonable insofar as the Company's shareholders are concerned.
Richard Jennings, Interim Chief Executive Officer of Kazera, commented:
"The option awards announced today demonstrate clear alignment between the Board, our South Africa based management team and shareholders. Participants will only benefit through sustained share price appreciation, with performance targets set at levels we believe are both stretching and achievable.
"With the recent strengthening of the Board composition and breadth of skills sets now in place, the entire team is aligned and focused on delivering long-awaited value from both our South African and Namibian mining assets."
PDMR Disclosures
The notifications below are made in accordance with the requirements of the UK Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Geoffrey Eyre |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Non-Executive Chairman |
|
b)
|
Initial notification /Amendment |
Initial notification |
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
Kazera Global 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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33 |
|
b) |
Nature of the transaction |
Grant of options over Ordinary Shares of 0.1 pence each under the Kazera Global Plc Unapproved Share Option Plan |
|
c) |
Price(s) and volume(s) |
Tranche 1 Exercise price: 0.1 pence Volume: 12,500,000 Tranche 2 Exercise price: 2.5 pence Volume: 6,250,000 Tranche 3 Exercise price: 3.5 pence Volume: 15,000,000 |
|
d) |
Aggregated information - Aggregated volume - Price |
33,750,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices) |
|
e) |
Date of the transaction |
28 April 2026 |
|
f) |
Place of the transaction |
Outside of a trading venue |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Paul Dulieu |
|
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 |
Kazera Global 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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33 |
|
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global Plc Unapproved Share Option Plan |
|
c) |
Price(s) and volume(s) |
Tranche 1 Exercise price: 0.1 pence Volume: 10,000,000 Tranche 2 Exercise price: 2.5 pence Volume: 5,000,000 Tranche 3 Exercise price: 3.5 pence Volume: 11,250,000 |
|
d) |
Aggregated information - Aggregated volume - Price |
26,250,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices) |
|
e) |
Date of the transaction |
28 April 2026 |
|
f) |
Place of the transaction |
Outside of a trading venue |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Dr. Johan Hattingh |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Executive Director (Technical Director) |
|
b)
|
Initial notification /Amendment |
Initial notification |
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
|
a) |
Name |
Kazera Global 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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 0.1 pence each in Kazera Global Plc
ISIN: GB00B830HW33 |
|
b) |
Nature of the transaction |
Grant of Options over Ordinary Shares of 0.1 pence each under the Kazera Global plc Unapproved Share Option Plan |
|
c) |
Price(s) and volume(s) |
Tranche 1 Exercise price: 0.1 pence Volume: 10,000,000 Tranche 2 Exercise price: 2.5 pence Volume: 5,000,000 Tranche 3 Exercise price: 3.5 pence Volume: 11,250,000 |
|
d) |
Aggregated information - Aggregated volume - Price |
26,250,000 Various (0.1 pence, 2.5 pence and 3.5 pence exercise prices) |
|
e) |
Date of the transaction |
28 April 2026 |
|
f) |
Place of the transaction |
Outside of a trading venue |
For further information, visit www.kazeraglobal.com or contact:
|
Kazera Global plc Geoff Eyre, Non-Executive Chairman |
kazera@stbridespartners.co.uk |
|
Strand Hanson Limited (Nominated, Financial Adviser and Broker) Christopher Raggett / Ritchie Balmer |
Tel: +44 (0)207 409 3494 |
|
Zeus Capital Limited (Joint Broker) Harry Ansell / Simon Johnson / Katy Mitchell |
Tel: +44 (0)203 829 5000 |
|
St Brides Partners Limited (Financial PR) Isabel de Salis / Charlotte Page |
kazera@stbridespartners.co.uk |
Notes
Kazera Global plc (LON:KZG) is a diversified commodity investment company focused on unlocking value through production growth and disciplined portfolio management. While production builds at its Whale Head Minerals (Heavy Mineral Sands) and Deep Blue Minerals (diamond) assets in South Africa's Northern Cape province, the Company also continues to assess new opportunities to expand its growth pipeline and deliver sustainable returns.