Kazera Global PLC Board changes and issue of equity (8759P)
22 Octobre 2021 - 8:00AM
UK Regulatory
TIDMKZG
RNS Number : 8759P
Kazera Global PLC
22 October 2021
22 October 2021
Kazera Global Plc
("Kazera" or the "Company" )
Board changes and issue of equity
Kazera Global Plc ("Kazera Global", "Kazera" or "the Company"),
the AIM quoted investment company, announces that Larry Johnson,
Co-Chief Executive Officer has, following five years of dedicated
service to the Company, elected to retire from his role with the
Company and the Board, effective immediately.
During a transformational period for the Company, Larry's
primary responsibility has been driving operations at the Company's
Tantalite Mine in Namibia, where he has been based for over two
years. Now, with the mine progressed through extremely encouraging
exploration drilling, DJ Drilling, who have been operating at the
Mine over the past six months, will take over day to day operations
to progress the Mine through to cash flow. With DJ Drilling
assuming operatorship, Larry, who originally instructed DJ Drilling
to operate the Mine, has elected to retire from his role and return
to the US, where he will focus on other ventures.
Dennis Edmonds, Co-Chief Executive Officer of Kazera, will take
over Larry's remaining responsibilities and become Chief Executive
Officer.
Issuance of Equity
Further to the Company's announcement on 29 June 2020, regarding
the issuance of 4,000,000 Ordinary Shares to Larry in lieu of
compensation, 500,000 shares have, to date, been issued to him. The
balance of 3,500,000 Ordinary Shares will now be issued.
Application has been made to the London Stock Exchange to admit
3,500,000 new Ordinary Shares to trading on AIM, Admission of the
New Ordinary Shares is expected to occur on or around 27 October
2021 ("Admission"). The New Ordinary Shares will rank pari passu
with the existing Ordinary Shares.
Following Admission, the issued share capital of the Company
will be 754,453,942 Ordinary Shares and this figure may be used by
shareholders as a denominator for the calculations by which they
will determine if they are required to notify their interest in, or
change to their interest in the Company under the Disclosure
Guidance and Transparency Rules published by the UK Financial
Conduct Authority. There are no Ordinary Shares held in treasury
and each Ordinary Share entitled the holder to a single vote at
general meetings of the Company. Therefore, the total number of
voting rights in the Company will be 754,453,942.
Giles Clarke, Chairman, commented:
"I would like to thank Larry for all his hard work and
dedication over the years in developing Kazera. During his tenure,
Kazera has unearthed vast potential at our mine in Namibia; such
that we are now close to starting production and realising the
value of this highly significant tantalum and lithium mine.
"The Board wish Larry well with his future endeavours."
For further information on the Company, visit: www. kazeraglobal
.com
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Dennis Edmonds (CEO)
finnCap (Nominated Adviser and Joint Broker) Tel: +44 (0)207 220 0500
Christopher Raggett / Tim Harper (corporate
finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo Liddy Tel: +44 (0)20 3781 8331
**ENDS**
About Kazera Global
Kazera Global is an investment company focused on opportunities
principally, but not exclusively in the resources and energy
sectors. The Company's first investment was in African Tantalum, a
Namibian based operation of which it now owns 100%, followed in
June 2020 by the acquisition of its South African diamond and
mineral sands assets.
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END
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