Business
Result of AGM and New Investing Policy
Result of AGM and New Investing Policy.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 7487G Kennedy Ventures PLC 05 March 2018 \n\n5 March 2018\nKennedy Ventures plc\nResult of AGM and New Investing Policy \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, is pleased to announce that, at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed. Accordingly the Company has now adopted its new Investing Policy which is set out below.\n \nFollowing approval at the Annual General Meeting the Company also intends to change its name to Kazera Global plc and will make a further announcement in due course when the change of name has taken effect. \n \nInvesting Policy\n \nKennedy Ventures plc seeks to achieve shareholder return primarily via capital appreciation through the purchase and sale of securities and other direct investments in companies and projects primarily in, but not limited to, Africa within the mining and resource sectors (the \"Target Sectors\") including traditional direct investments in securities and similar financial instruments including any combination of the following:\n \n(a) equity securities (predominantly unlisted);\n(b) listed and unlisted debt securities that may be rated or not rated (bonds, debt instruments, convertible bonds and bonds with warrants, fund-linked notes with a capital guarantee, loan facilities etc.); and\n(c) hybrid instruments.\n \nThe Company may exploit a wide range of investment opportunities within the Target Sectors as they arise and, to this end, the Company has complete flexibility in selecting the specific investment and trading strategies that it sees fit in order to achieve its investment objective. In this regard, the Company may seek to gain Board representation and/or managerial control in its underlying investments if it deems to be the best way of generating value for Shareholders.\n \nOpportunities will be chosen through a careful selection process which will appraise both the fundamental factors specific to th...