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Kavango Resources #KAV – Total Voting Rights

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 84,701 new ordinary shares of 0.001 each in the Company to Michael Moles (“Director Shares”).

This issue of shares relates to the period 1 January 2022 to 31 March 2022. 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 4.51 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 14 April 2022.

Following Admission, the total issued share capital of the Company will consist of 410,462,052 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 410,462,052 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


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