Kazera Global PLC Exercise of Warrants (7792C)

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RNS Number : 7792C

Kazera Global PLC

24 February 2022

Kazera Global Plc

Exercise of Warrants

Kazera Global Plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, announces that the Company has issued 10,000,000 ordinary shares in the Company ("Ordinary Shares") to satisfy the exercise of warrants. The exercise price for the warrants is 1 pence per share.

Application has been made to the London Stock Exchange to admit 10,000,000 new Ordinary Shares to trading on AIM, Admission of the New Ordinary Shares is expected to occur on or around 2 March 2022 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

The Company has also agreed, in exchange for the warrant holder agreeing to not trade any ordinary shares of the Company resulting from the exercise of any of the 1p Warrants (the Warrant Shares) that would represent more than 20% of the monthly trading volume in any given calendar month, and to use its reasonable endeavours not to trade the Warrant Shares in such a manner as would intentionally result in trades being undertaken to cause the share price to trade down for the day with reference to the previous trading day's volume weighted average price, to issue them a further 10,000,000 warrants with an exercise price of 2p, exercisable on or before 31 January 2023.

Following Admission, the issued share capital of the Company will be 776,033,410 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 776,033,410.

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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February 24, 2022 12:56 ET (17:56 GMT)

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