RNS Number : 2362H
Marula Mining PLC
08 October 2024
 

 

 

Marula Mining PLC

 

 ("Marula'' or the "Company")

8 October 2024

 

Director/PDMR Shareholding

 

Marula Mining (AQSE: MARU), an African focused mining and development company, has received notification on 7 October 2024, that Gathoni Muchai Investments Limited ("GMI") made the following purchases of ordinary shares in the capital of the Company. Jason Brewer, a director of the Company, is a director and shareholder of GMI.

 

Director

Number of ordinary shares purchased

Purchase price (Aggregated)

Resultant interest in ordinary shares in the Company

Resultant percentage of issued ordinary shares in the Company

Jason Brewer

1,000,000

7.38 pence

17,730,0001

8.78%

 

1 17,730,000 ordinary shares are held by Gathoni Muchai Investments Limited ("GMI"), Jason Brewer, Chief Executive Officer and shareholder of the Company, is a connected person to the Chief Executive Officer of GMI and a substantial shareholder and director of GMI

 

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

 

About Marula Mining

Marula Mining (AQSE: MARU A2X: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, Korridor Lithium Project and Kruisrivier Cobalt Mine, all in South Africa; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania and the Nkombwa Hill Project in Zambia. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and Management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange ("AQSE") in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

For enquiries contact:

 

Marula Mining PLC

Jason Brewer,

Chief Executive Officer

 

Faith Kinyanjui Mumbi

Investor Relations

 

 

Email : jason@marulamining.com

 

              Email : info@marulamining.com

 

 

AQSE Corporate Adviser

Cairn Financial Advisers LLP,

Liam Murray / Ludovico Lazzaretti

+44 (0)20 7213 0880

Broker

Peterhouse Capital Limited,
Charles Goodfellow / Duncan Vasey

 +44 (0)20 7469 0930

 

Financial PR and IR

BlytheRay

Tim Blythe / Megan Ray / Said Izagaren

                +44 (0)20 7138 3204

 

A2X Advisor

AcaciaCap Advisors Proprietary Limited

Michelle Krastanov

+27 (11) 480 8500

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Jason Brewer

 

2

Reason for notification


a.

Position/Status

Chief Executive Officer of the Company (also a director and shareholder of Gathoni Muchai Investments and connected person to the CEO of GMI)

b.

Initial notification/

Amendment

Initial notification

3

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

a.

Name

Marula Mining plc

b.

LEI

2138002UCKAEBPYWVT15

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 of the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.01 pence each


ISIN: GB00BNBS4S95

b.

Nature of the transaction

Purchase of ordinary shares

c.

Price(s) and volume(s)


Price(s)

Volume(s)

7.375p

1,000,000






d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

N/A

e.

Date of the transaction

4 October 2024

f.

Place of the transaction

AQSE

 

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