Ncondezi Energy Limited PDMR Dealing (0481N)

TIDMNCCL

RNS Number : 0481N

Ncondezi Energy Limited

18 January 2023

News Release

Non-Executive Director/ PDMR Dealing

18 January 2023: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM:NCCL) announces it has been notified that on 17 January 2023, Scott Fletcher, Non-Executive Director, purchased an aggregate of 2,750,000 ordinary shares of no par value in the Company ("Shares").

Following these purchases, and before any further Shares are issued as part of the convertible loan conversion, Scott Fletcher's beneficial interest in Ordinary Shares of the Company is 107,765,575 Ordinary Shares, representing 22.09 per cent. of the Company's issued share capital.

Enquiries

For further information please visit www.ncondezienergy.com or contact:

 
 Ncondezi Energy              Hanno Pengilly                     +27 (0) 71 362 3566 
 
   Liberum Capital Limited    Scott Mathieson, Edward Thomas,    +44 (0) 20 3100 
   NOMAD & Joint Broker        Kane Collings                      2000 
 Novum Securities 
  Limited                                                        +44 (0) 20 7399 
  Joint Broker                Colin Rowbury                       9427 
 
   Pimlico Advisory 
   Ltd                                                           +44 (0) 777 56 55 
   Investor Relations         Elizabeth Johnson                   927

About Ncondezi Energy

Ncondezi is an African power development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique.

It is the intention that the Solar Project will connect to the Mozambique grid with target power off takers in Mozambique and the Southern African Power Pool (SAPP).

The Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully aligned with Government's objective to become a champion for energy transition impacting all of Southern Africa.

The notification below is made in accordance with the requirements of the MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
  1   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Scott Fletcher 
     -----------------------  ------------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status          Non-Executive Director 
     -----------------------  ------------------------------------------ 
 b)   Initial notification     Initial notification 
       /Amendment 
     -----------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                     Ncondezi Energy Limited 
     -----------------------  ------------------------------------------ 
 b)   LEI                      2138003W75PP9STE9J18 
     -----------------------  ------------------------------------------ 
 4    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 
     ------------------------------------------------------------------- 
 a)   Description              Ordinary shares of no par value 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification           4VGG640631039 
       code 
     -----------------------  ------------------------------------------ 
 b)   Nature of                On-market purchase of Ordinary Shares 
       the transaction 
     -----------------------  ------------------------------------------ 
 c)   Price(s) and               Price(s)            Volume(s) 
       volume(s)                   GBP 
                                       1. 0.0084           1. 500,000 
                                        2. 0.00868          2. 250,000 
                                        3. 0.00874          3. 500,000 
                                        4. 0.008975         4. 500,000 
                                        5. 0.009            5. 500,000 
                                        6. 0.009112         6. 500,000 
                                 ------------------  ----------------- 
     -----------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
       - Aggregated              2,750,000 
       volume 
       - Price                   0.008830364 GBP 
     -----------------------  ------------------------------------------ 
 e)   Date of the              17 January 2023 
       transaction 
     -----------------------  ------------------------------------------ 
 f)   Place of the             London Stock Exchange, AIM 
       transaction 
     -----------------------  ------------------------------------------

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