Further to the announcement of 9 May 2023 in which Kavango announced it had conditionally raised £6,000,000 before expenses by the two stage issue of 600,000,000 new ordinary shares of £0.001 each in the capital of the Company (the “New Ordinary Shares”) at a price per share of 1.0 pence, the Company is pleased to announce that the Financial Conduct Authority has approved its prospectus dated 26 October 2023 (the “Prospectus”) issued in connection with the Stage 2 Subscription of 460,000,000 New Ordinary Shares (the “Stage 2 Subscription Shares”).
The Prospectus has been published in electronic form and will shortly be available on the Company’s website at:
https://www.kavangoresources.com/investor-relations/admission-document
A copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Admission and Total Voting Rights
Application will be made for the Stage 2 Subscription Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Admission”). It is expected that Admission will become effective and that dealings in the Stage 2 Subscription Shares will commence at 8.00 am on 31 October 2023.
Following Admission, the total issued share capital of the Company will consist of 1,305,569,314 ordinary shares. Therefore, the total number of voting rights in the Company is 1,305,569,314 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on X at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney bturney@kavangoresources.com
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson