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Issue of equity & Director PDMR holding

RNS Announcement

RNS Number : 3589T

Capital Limited

25 March 2021

FOR IMMEDIATE RELEASE

25 March 2021

Capital Limited

("Capital", the "Group" or the "Company")

Issue of Equity, Director / PDMR shareholding and Total Voting Rights

Capital (LSE: CAPD), a leading mining services company focused on the African markets, today announces that it has issued 1,273,935 new common shares to employees pursuant to the terms of the Company's Discretionary Share Incentive Scheme awarded in 2018 and Short Time Incentive Plan awarded in 2019. The new common shares will rank pari passu with the Company's existing common shares.

Pursuant to the terms of the Company's employee share schemes, of the 1,273,935 shares issued, Directors of the Company received 390,013 shares and other PDMRs of the Company have received a total of 537,027 shares:

1. 247,509 new common shares awarded to Jamie Phillip Boyton, Executive Chairman of the Company, at a price of 29p per share under the Group's Short Time Incentive Plan. This represents a previously approved award with a share price value date of 19 March 2020; and,

2. 142,504 new common shares awarded to Brian Rudd, Executive Director of the Company, at a price of 29p per share under the Group's Short Time Incentive Plan. This represents a previously approved award with a share price value date of 19 March 2020.

Application has been made to the London Stock Exchange and admission of the shares is expected on or around 29 March 2021, following which; the Company's issued share capital will comprise 190,054,838 common shares of $0.0001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

- ENDS -

For further information, please visit Capital Limited's website www.capdrill.com or contact:

Capital Limited +230 464 3250

Jamie Boyton, Executive Chairman [email protected]

Giles Everist, Chief Financial Officer

Rick Robson, Executive - Corporate Development

Berenberg +44 20 3207 7800

Matthew Armitt

Jennifer Wyllie

Detlir Elezi

Tamesis Partners LLP +44 20 3882 2868

Charlie Bendon

Richard Greenfield

Buchanan +44 20 7466 5000

Bobby Morse [email protected]

Kelsey Traynor

James Husband

About Capital Limited

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. The Company's services include: exploration, delineation and production drilling; load and haul services; mining equipment hire and maintenance; and geochemical analysis. The Group's corporate headquarters are in Mauritius and it has established operations in Burkina Faso, Cameroon, Côte d'Ivoire, Egypt, Guinea, Mali, Mauritania, Nigeria, Saudi Arabia and Tanzania.

Notification of transactions by PDMRs

Details of the person discharging managerial responsibilities / person closely associated

Name

Jamie Phillip Boyton

Reason for the notification

Position/status

Executive Chairman

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	247,509

Aggregated information

· Aggregated volume

· Price

See above

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Brian Rudd

Reason for the notification

Position/status

Executive Director

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	142,504

Aggregated information

· Aggregated volume

· Price

See above

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Jodie Raymond North

Reason for the notification

Position/status

Chief Operating Officer

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	116,669
50.5p	27,829

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
33.14p	144,498

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

David Regan Payne

Reason for the notification

Position/status

Executive - Commercial

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	72,335
50.5p	30,360

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
35.36p	102,695

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Anthony Charles Woolfe

Reason for the notification

Position/status

Executive - Assets

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	60,739
50.5p	12,650

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
32.71p	73,389

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Ryan James Petersen

Reason for the notification

Position/status

Executive - Maintenance

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	46,265
50.5p	12,649

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
33.62p	58,914

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

John David Luck

Reason for the notification

Position/status

Executive - Inventory

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	52,660
50.5p	7,590

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
31.71p	60,250

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Richard Peter Monaghan

Reason for the notification

Position/status

Executive - HSE

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	35,106
50.5p	7,590

Aggregated information

· Aggregated volume

· Price

Weighted average price	Aggregated Volume(s)
32.82p	42,696

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Stuart Patrick Thomson

Reason for the notification

Position/status

CEO - MSALABS

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Capital Limited

LEI

213800XG175G91JW8W37

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

Description of the Financial instrument, type of instrument

Identification code

Common shares of $0.0001 each

BMG022411000

Nature of the transaction

Award of common shares

Price(s) and volume(s)

Price(s)	Volume(s)
29p	54,585

Aggregated information

· Aggregated volume

· Price

See above

Date of the transaction

25 March 2021

Place of the transaction

Outside of trading venue

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END

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RNS metadata

Title: Issue of equity & Director PDMR holding
Time: 07:00:05
Date: 25 Mar 2021
Category: Capital structure
ID: 3589T