Business
Exercise of Options and Performance Share Rights
Kodal Minerals Plc announced that its CEO, Bernard Aylward, and Country Manager, Mohamed Niare, have exercised options and performance share rights, resulting in the subscription for 92,500,000 new ordinary shares for a total of £49,062.50. Bernard Aylward subscribed for 75,000,000 shares at 0.03125 pence each, and Mohamed Niare subscribed for 10,000,000 shares at 0.03125 pence each and 7,500,000 shares at 0.3 pence each. Following these exercises, Bernard Aylward will hold 2.04% of the company's enlarged issued share capital. Application has been made for the new shares to be admitted to trading on AIM on or around 4 February 2026, at which point the total voting rights will be 20,373,199,594. Disclaimer*
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\")\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \nKodal Minerals plc\n(\"Kodal Minerals\", \"Kodal\" or the \"Company\")\n \n29 January 2026\n \nExercise of Options and Performance Share Rights,\nchange to director shareholding\nand change to Total Voting Rights\n \nKodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, announces that it has received notices of exercise for options (\"Options\") and Performance Share Rights from Bernard Aylward, Chief Executive Officer, and Mohamed Niare, Country Manager - Mali and Cote d'Ivoire for the Company. The notices relate to the subscription for a total of 92,500,000 new ordinary shares of 0.03125 pence each in the Company (\"Ordinary Shares\") (together, the \"exercise(s)\") with total subscription proceeds for the Company from the exercises representing £49,062.50.\n \nBernard Aylward is subscribing for 75,000,000 new Ordinary Shares at a subscription price of 0.03125 pence per new Ordinary Share through exercising his Performance Share Rights. Mohammed Niare is subscribing for 10,000,000 new Ordinary Shares at a subscription price of 0.03125 pence per new Ordinary Share through exercising his Performance Share Rights as well as exercising his Options over 7,500,000 new Ordinary Shares at 0.3 pence per new Ordinary Share.\n \nFollowing the exercises, Bernard Aylward will own 416,364,799 Ordinary Shares representing 2.04% of the Company's enlarged issued share capital on Admission (as defined below).\n \nDetails of the exercises are set out in the table at the end of this announcement, which has been provided in accordance with the requirements of the UK Market Abuse Regulation.\n \nAdmission and total voting rights\n \nApplication will be made to the London Stock Exchange plc for the 92,500,000 new Ordinary Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and that dealings in the new ordinary Shares will commence on AIM at 8.00 a.m. on or around 4 February 2026.\n \nUpon Admission, the issued sh...