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Alan Green discusses Revolution Bars #RBG, First Class Metals #FCM and GreenX Metals #GRX on the Vox Market Podcast
Alan Green discusses Revolution Bars #RBG, First Class Metals #FCM and GreenX Metals #GRX on the Vox Market Podcast
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#KAV Kavango Resources – Director/PDMR Shareholding & TVR
Issue of Shares and PDMR Dealing
On 11 August 2021, Kavango announced its agreement with Michael Moles, a non-executive director, to settle his directors’ fees (net of statutory deductions) in shares. Accordingly, Kavango announces it is now issuing 183,874 new ordinary shares of 0.001 each in the Company to Michael Moles (“Director Shares”).
This issue of shares relates to the period 1 April 2022 to 30 June 2022. The number of shares due has been calculated based upon the average closing price of the Company’s shares over that quarter. The issue price of the shares is 2.00 pence per share, being the closing price on 7 July 2022.
Admission and Total Voting Rights
Application will be made for the Director 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 dealings in the Director Shares will commence at 8.00 am on or around 15 July 2022.
Following Admission, the total issued share capital of the Company will consist of 435,645,926 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 435,645,926 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.
An updated Total Voting Rights announcement will be made by the Company following admission, in accordance with the requirements of DTR 5.6.
PDMR Dealing – Issue of Director Shares
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Charles Michael Moles |
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2
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Reason for the notification
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a)
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Position/status
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Non-Executive Director |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Kavango Resources plc |
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b)
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LEI
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2138007PZJFATXWUTS29 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 0.001 each
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Identification code |
ISIN: GB00BF0VMV24 |
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b)
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Nature of the transaction
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Issue of ordinary shares of 0.001 each |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£0.0200 |
183,874 |
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d)
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Aggregated information |
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– Aggregated volume |
N/A |
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– Price |
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e)
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Date of the transaction
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2022-07-08 |
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f)
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Place of the transaction
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Outside a Trading Venue |
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Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
bturney@kavangoresources.com
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
#KDNC Cadence Minerals – Director Share Purchases
Cadence (AIM:KDNC), the mining investment company, announces that on the 8 April the following director purchased ordinary shares in the Company.
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Director |
Position |
Number of ordinary shares acquired |
Price paid per share (£) |
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Kiran Morzaria |
Director & CEO |
54,422 |
0.1837 |
After this acquisition and the transfer of the Employee Benefit Trust (“EBT”) shares under the 2021 share incentive scheme which vested and were announced on the 30 June 2021 and 14 January 2022 , the total notifiable share interest in the Company for the directors is as follows
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Director |
Position |
Total holding of ordinary shares |
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Kiran Morzaria |
Director & CEO |
1,326,422 |
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Donald Strang |
Finance Director |
957,545 |
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Andrew Suckling |
Non-Executive Chairman |
381,602 |
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Adrian Fairbourn |
Non-Executive Director |
731,005 |
– Ends –
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For further information:
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#POLB Poolbeg Pharma – Result of AGM
4 April 2022 – Poolbeg Pharma (AIM: POLB, OTCQB: POLBF, ‘Poolbeg’ or the ‘Company’) a clinical stage infectious disease pharmaceutical company with a unique capital light clinical model, announces that at the Annual General Meeting held at 11:00am today, all resolutions were duly passed with in excess of 99.9% approval.
-Ends-
Enquiries
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Poolbeg Pharma Plc Jeremy Skillington, CEO Ian O’Connell, CFO
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+44 (0) 207 183 1499 |
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finnCap Ltd (Nominated Adviser & Joint Broker) Geoff Nash, James Thompson, Charlie Beeson, Richard Chambers, Sunila de Silva (ECM)
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+44 (0) 207 220 0500 |
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Arden Partners PLC (Joint Broker) John Lewellyn-Lloyd, Louisa Waddell
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+44 (0) 207 614 5900 |
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J&E Davy (Joint Broker) Anthony Farrell, Niall Gilchrist
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+353 (0) 1 679 6363 |
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Instinctif Partners Melanie Toyne Sewell, Rozi Morris, Tim Field |
+44 (0) 20 7457 2020 |
Alan Green discusses #BOOM Audioboom, #PERE Pembridge Resources & #DKL Dekel Agri-vision on the Vox Market Podcast
#TM1 Technology Minerals – Recyclus appoints Group Managing Director
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has appointed Matthew Taylor as Group Managing Director.
Matthew has over 40 years’ experience working in senior management roles, across a number of key industrial and manufacturing sectors in the UK, including avionics, automotive, consumer and professional power tools, power generation engineering, marine and aero engineering. He was formally General Manager at a leading UK-based specialist aerospace metals group to the international aerospace sector, where under his leadership, revenues underwent an increase of 40 per cent and gross margins were improved by 100 per cent.
He was principal consultant at Smith Kenyon Ltd, a leading business transformation specialist, for 18 years working successfully on transformation projects with leading industrial companies in the UK and internationally. Projects included operations and supply chain management, strategic evaluations, specialist procurement evaluations and strategies, business development and design and implementation of manufacturing operations.
Former roles also include a main board member at Cummins Power Generation with the brief to transform supply chain, operations and global purchasing, with plants in UK, China, India, Mexico, Singapore, USA, Germany and Romania. With global sales and distribution, Cummins Power Generation is a global manufacturer, distributor and brand leader in the international power generation engineering sector with a $2bn turnover and a division of Cummins Inc. with $6bn annualised turnover.
Matthew holds a BSc Management, Engineering, Production and Economics, MBA and is a PRINCE2 practitioner and 6 Sigma trained.
Matthew Taylor, Group Managing Director of Recyclus, said : “It’s great to formally join the team at Recyclus at such a formative stage in the company’s evolution and particularly as we enter the first growth stage of the business. The team are well versed in how the proprietary technology at play here can form such an important role in the UK battery ecosystem as we take on the lead role in the industrial scale-up in lithium-ion battery recycling. I look forward to joining the team and driving the development of solutions for battery testing and take-back recycling, with a clear focus on surpassing our customer’s needs and requirements.”
Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said : “Matthew is well-practised in building transformational businesses in key industrial sectors and his appointment comes at a very appropriate stage for Recyclus Group. He comes to us with a very strong track record in successfully achieving his commercial goals, and his sector experience mirrors that of the main industrial sectors for Recyclus.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 20 7618 9100 |
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Arden Partners Plc |
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Ruari McGirr, George Morgan |
+44 207 614 5900 |
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Luther Pendragon |
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Harry Chathli, Alexis Gore, John Bick |
+44 20 7618 9100 |
#MNRG MetalNRG – BritNRG Update
MetalNRG plc (“MNRG” or the “Company”) announces that further to the announcement made on 31 January 2022 that it had filed and served civil legal proceedings in the English High Court against Brit ENERGY Holdings LLP (the “LLP”), Pierpaolo Rocco (“Mr Rocco”) and BritNRG Limited (the “Joint Venture Company”) (together the “Defendants”) for, inter alia, a declaration and the recovery from the Defendants of monies paid to the LLP in 2021, it has, with disappointment, agreed to a further request for extensions of time by the Defendants for the filing of defences to 18 March 2022 (the maximum time permitted without the consent of the Court).
The Company has granted the extensions with certain conditions attached, in the light of the fact that any hearing at which opposition could be argued would inevitably only take place after the date of the requested extension. Accordingly, given the Company is primarily focussed on receipt of the actual defences, in order to assess their content, consent was granted by agreement.
The Company will provide further updates on these issues and the legal proceedings as appropriate and once the defences have been received.
The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.
END
Contact details:
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MetalNRG PLC Rolf Gerritsen |
+44 (0) 20 7796 9060 |
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Corporate Broker |
+44 (0) 20 7469 0930 |
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Corporate Broker |
+44 (0) 1483 413500 |
Power Metal Resources #POW – Exercise of Options and Director Option Update
Exercise of Options and Director Option Update
Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update regarding Company options.
Option Exercise
Power Metal has received notices to exercise options by a former director over 11,113,929 new ordinary shares of 0.1 pence each in the Company (“Option Shares”) at an exercise price of 1.0 pence per new ordinary share raising an additional £111,139 for the Company.
Director Option Update
On 15 February 2019 Paul Johnson, Chief Executive Officer of the Company was awarded 13,613,929 options to subscribe for new ordinary shares of 0.1 pence each in the Company at an exercise price of 1.0p (“Director Options”). The Director Options had an expiry date of 15 February 2022.
On 15 February 2022 Paul Johnson was unable to exercise the Director Options being in a close period due to finalisation of the Company’s audited financial statements for the year ended 30 September 2021 and due to possession of inside information in relation to the Company’s exploration and corporate work activities.
Under the Director Option agreement clause 3.5 states:
“In the event the Option Holder is in possession of relevant price sensitive information or is restricted from dealing pursuant to the provisions of the Market Abuse Regulations or by any other share dealing code, applicable law or regulation and is thereby precluded from exercising the Options or any part thereof immediately prior to the Final Exercise Date, then the Final Exercise Date shall be deemed to be extended until the date which falls 10 business days after the later of the date on which the Option Holder ceases to be an insider or the date on which the close period or other prohibited period ends or is otherwise no longer prohibited.”
The Director Options are thereby automatically extended under clause 3.5 as outlined above.
Recognising the level of operational activity and anticipated news flow in the near term it is considered unlikely that the Director Options will be freely exercisable for some time and therefore the Company has agreed that the Director Options may be exercised up to 15 May 2022. All other terms of the Director Options remain unchanged.
Related Party Note
The extension of the Director Options held by Paul Johnson as outlined above, has been treated as a related party transaction pursuant to AIM Rule 13 of the AIM Rules for Companies.
Scott Richardson Brown and Edmund Shaw, being the independent Directors for the purposes of the extension of the expiry date of the Director Options held by Paul Johnson consider, having consulted with the Company’s nominated adviser, SP Angel, that the extension of the expiry date to 15 May 2022 of the Director Options held by Paul Johnson to be fair and reasonable insofar as the Shareholders are concerned.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 11,113,929 Option Shares to be admitted to trading on AIM which is expected to occur on or around 24 February 2022 (“Admission”). The Option Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
Following Admission, the Company’s issued share capital will comprise 1,466,953,915 ordinary shares of 0.1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
#SVML Sovereign Metals – Former Rio Tinto Executive Joins Sovereign Board
FORMER RIO TINTO EXECUTIVE JOINS SOVEREIGN BOARD
· Leading international mining executive, Mr Nigel Jones, appointed as Non-Executive Director of Sovereign Metals and Chairman of the ESG Committee
· Mr Jones has over 30 years of mining industry experience with 22 years in a number of senior roles at Rio Tinto Group
· Most recently, Mr Jones was Managing Director of Rio Tinto’s Simandou iron ore project, one of the world’s largest proposed mining devlopment
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce that highly experienced mining industry executive Mr Nigel Jones has been appointed as a Non-Executive Director of the Company.
From 2019 to 2021, Mr Jones was Managing Director of Rio Tinto Group’s (Rio Tinto) very large Simandou iron ore project in Guinea, west Africa. In this role, he was accountable for all aspects of the project’s development, including its complex environmental, social and governance (ESG) strategy. Such aspects included impacts on natural ecosystems, biodiversity, and community and government relations.
Mr Jones was also a member of the senior leadership team of the Energy and Minerals product group, which incorporated Rio Tinto’s titanium dioxide feedstock businesses in Canada and southern Africa. Prior roles in Rio Tinto included Head of Business Development, Head of Business Evaluation and Managing Director of the group’s Marine operations.
Sovereign’s Managing Director Dr Julian Stephens commented : “We are delighted to welcome Nigel to the board of Sovereign Metals. To attract an individual of Nigel’s calibre is not only testament to the commercial potential of Kasiya, but also the very favourable ESG characteristics of the project, in which we strive to be best-in-class. Nigel’s input into our ESG strategy will significantly benefit our pursuit to ensure that sustainability, diversity and community are core in everything we do.”
Nigel Jones commented : “I am delighted to be joining the team at this very exciting stage for the Company. Sovereign has very quickly already demonstrated the huge potential of its Kasiya rutile discovery in Malawi as it continues to explore and develop this asset that will be of strategic importance to the titanium feedstock industry. I very much look forward to being part of the Company’s growth as it moves towards becoming a standard-bearer for the importance of sustainable mining practices for a better future.”
ENQUIRIES
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Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London)
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Nominated Adviser on AIM |
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RFC Ambrian |
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Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
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Broker |
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Optiva Securities |
+44 20 3137 1902 |
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Daniel Ingrams |
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Mariela Jaho |
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Christian Dennis |
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#TYM Tertiary Minerals – Results of AGM
Tertiary Minerals plc (LON: TYM), the AIM traded mineral exploration and development company, whose focus is on energy transition and precious metals, held its Annual General Meeting (“AGM”) today and is pleased to announce that all resolutions were duly passed.
The following proxy votes were received in respect of the resolutions. Votes withheld are not counted in a poll.
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1. Ordinary Resolution: To receive the Accounts and Reports of the Directors and of the Auditors |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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52,675,242 |
99.05 |
505,001 |
0.95 |
0 |
0 |
3,401,793 |
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2. Ordinary Resolution: To elect Mr P B Cullen as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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49,641,060 |
89.98 |
4,528,743 |
8.21 |
1,000,000 |
1.81 |
1,412,233 |
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3. Ordinary Resolution: To elect Dr M G Armitage as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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49,641,060 |
89.98 |
4,528,743 |
8.21 |
1,000,000 |
1.81 |
1,412,233 |
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4. Ordinary Resolution: To reappoint Crowe U.K. LLP as Auditor of the Company |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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51,375,242 |
92.61 |
3,098,639 |
5.59 |
1,000,000 |
1.80 |
1,108,155 |
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5. Ordinary Resolution: To authorise the directors to allot shares |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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44,455,976 |
80.15 |
10,013,827 |
18.05 |
1,000,000 |
1.80 |
1,112,233 |
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6. Special Resolution: To approve dis-application of pre-emption rights |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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44,355,976 |
79.97 |
10,113,827 |
18.23 |
1,000,000 |
1.80 |
1,112,233 |
For more information please contact:
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Tertiary Minerals plc: |
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Patrick Cullen, Managing Director |
+44 (0) 1625 838 679 |
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SP Angel Corporate Finance LLP – Nominated Adviser and Broker |
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Richard Morrison |
+44 (0) 203 470 0470 |
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Caroline Rowe |
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Peterhouse Capital Limited – Joint Broker |
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Lucy Williams |
+ 44 (0) 207 469 0930 |
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Duncan Vasey |
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