Business
Directors' Exercise of Options
Directors' Exercise of Options.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 0390H Kennedy Ventures PLC 07 March 2018 \n\nThis announcement replaces the 'Directors' Exercise of Options' announcement released on 6 March 2018 at 7.00 a.m. under RNS No 7551G. The transaction date of the exercise of options has been corrected to 14 February 2018.\n \nAll other details remain unchanged. The full text is shown below. \n \n7 March 2018\nKennedy Ventures plc\n \nDirectors' Exercise of Options\n \nKennedy Ventures plc (\"Kennedy Ventures\" or \"the Company), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited (\"Aftan\"), has an interest in the Namibia Tantalite Investment Mine in Namibia, announces that Giles Clarke, Chairman, and Nick Harrison, Director, have each exercised options over 1,599,705 ordinary shares of 1p each (\"Ordinary Shares\") at an exercise price of 1.25 pence per Ordinary Share. \nFollowing the exercise of these options, Mr Clarke will hold 10,499,410 Ordinary Shares in the capital of the Company, representing 4.12 per cent. of the Company's issued share capital and Mr Harrison will hold 8,832,743 Ordinary Shares in the capital of the Company, representing 3.47 per cent. of the Company's issued share capital. Westleigh Investments Holdings Limited (\"WIHL\"), a company wholly owned and controlled by Giles Clarke and Nick Harrison also has an interest in 10,338,095 Ordinary Shares, representing 4.06 per cent. of the Company's issued share capital.\nThe new Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the Company's existing issued Ordinary Shares. Application has been made for 3,199,410 new Ordinary Shares to be admitted to the AIM Market of the London Stock Exchange (\"AIM\"). Admission is expected to become effective on or around 12 March 2018 (\"Admission\").\n \nFollowing Admission, the Company's issued share capital will comprise 254,716,503 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure of 254,716,503 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 a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nFor further information on the Company, vis...