Home » Kavango Resources (KAV) » Kavango Resources #KAV – Issue of Shares, Total Voting Rights, PDMR Dealing

Kavango Resources #KAV – Issue of Shares, Total Voting Rights, PDMR Dealing



21 October 2021


(“Kavango” or “the Company”) 

Issue of Shares, Total Voting Rights, PDMR Dealing 

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 111,803 new ordinary shares of 0.001 each in the Company to Michael Moles (“Director Shares”).

This issue of shares relates to the period 1 July 2021 to 30 September 2021. The number of shares due has been calculated at an issue price equal to the average of the closing mid-price of the Company’s shares over that quarter. During that period the average closing mid-price of the Company’s shares was 5.27 pence per share.

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 8.00am on or around 28 October 2021.

Following Admission, the total issued share capital of the Company will consist of 406,470,762 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is  406,470,762 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  



Details of the person discharging managerial responsibilities / person closely associated






Charles Michael Moles



Reason for the notification






Non-Executive Director



Initial notification /Amendment


Initial Notification



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






Kavango Resources plc








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  




Description of the financial instrument, type of instrument

Ordinary shares of 0.001 each


Identification code




Nature of the transaction


Issue of ordinary shares of 0.001 each



Price(s) and volume(s)







Aggregated information

– Aggregated volume


– Price



Date of the transaction





Place of the transaction


Outside a Trading Venue


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



First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson 


SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

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