Business
Result of GM, Issue of Equity and PDMR dealing
Result of GM, Issue of Equity and PDMR dealing.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 2854T KEFI Minerals plc 02 July 2018 \n\n2 July 2018\nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\n \nResult of General Meeting, Issue of Equity and PDMR dealing\nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed thereby approving the issue of the Second Placing Shares (being 60 million Placing Shares and 93.5 million Subscription Shares) details of which are set out in the announcement headed 'Conditional Placing and Subscription of up to £5.5m (US$7.4m)' dated 15 June 2018. \nDealings by Directors and PDMRs\nAs previously announced on 15 June 2018, certain of the Directors of the Company and senior management and employees intended to subscribe for approximately 51,514,357 Subscription Shares at the Placing Price following the publication of the Company's annual results and 48,485,643 Subscription Shares were to be subscribed by project contractors and third parties. Subsequently, the number of Subscription Shares to be subscribed by project contractors and third parties was reduced to 47,801,642 and there was an increase in the number of Subscription Shares to be subscribed for by the Directors of the Company and senior management and employees to 52,198,358. Accordingly, the total number of Subscription Shares remains unchanged from the total number announced on 15 June 2018.\nThe Company is pleased to announce that certain Directors, senior management and employees today subscribed for a total of 52,198,358 Subscription Shares. Further details concerning any dealings by persons discharging managerial responsibilities and persons closely associated with them (\"PDMRs\") is set out below.\nHarry Anagnostaras-Adams, the Executive Chairman, and John Leach, the Finance Director, have today subscribed for 6,943,040 Subscription Shares and 3,886,4812 Subscription Shares respectively. In addition Nick Anagnostaras-Adams, a person closely associated with Harry Anagnostaras-Adams, as defined in the Market Abuse Regulation (\"MAR\") has subscribed for 1,067,760 Subscription Shares. All of the Subscription Shares are being issued in lieu of accrued fees and salaries that were due in c...