Kavango Resources PlcLSE: KAV

Director Dealing

· Issued by Kavango Resources Plc

5 October 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Director Dealings

The Company announces that it was notified on 3 October 2022 that Ben Turney (CEO) and Brett Grist (COO), Directors / Persons Discharging Managerial Responsibility ('PDMRs') have each purchased in the region of £15,000 worth of the Company's Ordinary Shares of £0.001 each ("Ordinary Shares").

The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the transactions.

1

Details of PDMR / person closely associated with them

a)

Name

Ben Turney

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Kavango Resources PLC

b)

LEI

2138007PZJFATXWUTS29

4

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

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.001 each

Identification code

ISIN: GB00BF0VMV24

b)

Nature of the transaction

Acquisition of shares via nominee dealing account.

c)

Price(s) and volume(s)

Price(s) GBPX

Volume(s)

1.70

1.70

1.6349

20,245

150,000

750,000

d)

Aggregated information

-Aggregated Volume

-Price

920,245

1.65

e)

Date of the transaction

3 October 2022

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of PDMR / person closely associated with them

a)

Name

Brett Grist

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Kavango Resources PLC

b)

LEI

2138007PZJFATXWUTS29

4

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

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.001 each

Identification code

ISIN: GB00BF0VMV24

b)

Nature of the transaction

Acquisition of shares via nominee dealing account.

c)

Price(s) and volume(s)

Price(s) GBPX

Volume(s)

1.63

920,245

d)

Aggregated information

-Aggregated Volume

-Price

n/a - single transaction

e)

Date of the transaction

3 October 2022

f)

Place of the transaction

London Stock Exchange (XLON)

For further information, please contact:

Kavango Resources Plc

Ben Turney

bturney@kavangoresources.com 

+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson