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On November 29, 2023, Gathoni Muchai Investments Limited (GMI), controlled by Neo Energy Metals plc's Chairman Jason Brewer and Non-Executive Director Jackline Muchai, purchased 11,158,361 Ordinary Shares in Neo Energy Metals plc. These shares were acquired through off-market purchases at an average price of 1.25 pence per share, with 3,908,361 held directly by GMI and 7,250,000 on behalf of its employees and related parties. Following this transaction, GMI holds a total of 223,324,461 Ordinary Shares, representing 17.86% of the Company's voting rights.
| Date | 29 Nov 2023 |
| Time | 12:45:01 |
| Category | Holding(s) in company |
| ID | 0932V |
Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the London Stock Exchange
29 November 2023
Neo Energy Metals plc
('Neo' or 'the Company')
Director Share Purchase
Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce that Gathoni Muchai Investments Limited ('GMI') has purchased 11,158,361 ordinary shares of £0.0001 ("Ordinary Shares") through off market purchases at an average price of 1.25 pence per Ordinary Share.
Of the 11,158,361 ordinary shares purchased, 3,908,361 are held by GMI and 7,250,000 have been purchased by GMI on behalf of its employees and related parties.
GMI is wholly owned and controlled by Neo's Chairman, Jason Brewer and Non-Executive Director Jackline Muchai.
Following this share purchase, GMI holds 223,324,461 Ordinary Shares representing approximately 17.86 per cent of the Company's voting rights.
Further details of the share purchase are set out in the TR1 form below.
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: |
Neo Energy Metals plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify) iii: |
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3. Details of person subject to the notification obligation iv |
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Name |
Gathoni Muchai Investments Limited |
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City and country of registered office (if applicable) |
Nairobi, Kenya |
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4. Full name of shareholder(s) (if different from 3.) v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached vi: |
29/11/2023 |
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6. Date on which issuer notified (DD/MM/YYYY): |
29/11/2023 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer (8.A + 8.B) vii |
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Resulting situation on the date on which threshold was crossed or reached |
17.86% |
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17.86% |
223,324,461 |
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Position of previous notification (if applicable) |
16.97% |
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16.97% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rights ix |
% of voting rights |
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Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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Ordinary |
223,324,461 |
n.a. |
17.86% |
n.a. |
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SUBTOTAL 8. A |
223,324,461 |
17.86% |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
n/a |
n/a |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash Settlement xii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
n/a |
n/a |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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Name xv |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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Gathoni Muchai Investments Limited |
17.86% |
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17.86% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
N/A |
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The number and % of voting rights held |
N/A |
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The date until which the voting rights will be held |
N/A |
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11. Additional information xvi |
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N/A |
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Place of completion |
Nairobi |
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Date of completion |
29/11/2023 |