Kennedy Ventures PLC Result of General Meeting (2879G)
August 04 2016 - 6:29AM
UK Regulatory
TIDMKENV
RNS Number : 2879G
Kennedy Ventures PLC
04 August 2016
4 August 2016
Kennedy Ventures plc
Result of General Meeting
Kennedy Ventures plc ("Kennedy Ventures" or the "Company"), the
AIM listed investing company, which is focussed on tantalite
production through its stake in African Tantalum (Pty) Limited
("Aftan"), which owns and manages the Tantalite Valley Mine ("TVM")
in Namibia, announces that at the General Meeting of the Company
held earlier today, all resolutions were duly passed.
As a result, the Company will proceed to issue 48,833,332
ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") at a price of 3 pence per share, pursuant to
the conditional placing announced on 20 July 2016.
As previously announced, Giles Clarke, Chairman of the Company,
Nick Harrison, Director of the Company and Westleigh Investments
Holdings Limited ("WIHL"), a company wholly owned and controlled by
Giles Clarke and Nick Harrison, are all participating in the
conditional placing. As a result of their participation in the
placing, they will hold the following interests in the Company:
Number of Ordinary Percentage of
Shares enlarged issued
share capital
Giles Clarke 8,066,372 4.6%
Nick Harrison 7,233,038 4.1%
WIHL 10,338,095 5.9%
Settlement and dealings
Application has been made to the AIM market of the London Stock
Exchange ("AIM") for a total of 48,833,332 Ordinary Shares, which
rank pari passu with the Company's existing issued Ordinary Shares,
to be admitted to trading on AIM. Dealings on AIM are expected to
commence at 8:00 a.m. on 5 August 2016 ("Admission").
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules ("DTRs"), following Admission the
issued ordinary share capital of Kennedy Ventures will consist of
175,128,204 Ordinary Shares with voting rights attached. The
Company does not hold any shares in treasury. This figure of
175,128,204 may be used by the Company's shareholders as the
denominator for the calculation by which they will determine
whether they are required to notify their interest in, or a change
to their interest in the share capital of Kennedy Ventures under
the DTRs.
For further information on the Company, visit: www.kvplc.com, or
contact:
Kennedy Ventures plc
Peter Hibberd (CEO), c/o Gordon Tel: +44 (0)203 757
Poole 4997
Grant Thornton UK LLP (Nominated Tel: +44 (0)20 7383
Adviser) 5100
Colin Aaronson / Richard Tonthat
/ Daniel Bush
Shore Capital (Broker) Tel: +44 (0) 207 408
Mark Percy / Toby Gibbs (corporate 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR)
Gordon Poole / Billy Clegg / Sean Tel: +44 (0) 203 757
Blundell 4980
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation (EU)
No 596/2014.
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 1. Giles Clarke
2. Nick Harrison
3. Westleigh Investments
Holdings Limited
--- ------------------------ --------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status 1. Chairman
2. Director
3. Entity wholly owned and
controlled by Giles Clarke
and Nick Harrison
--- ------------------------ --------------------------------------
b) Initial notification 1. Initial notification
/Amendment 2. Initial notification
3. Initial notification
--- ------------------------ --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------
a) Name Kennedy Ventures Plc
--- ------------------------ --------------------------------------
b) LEI N/A
--- ------------------------ --------------------------------------
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 Ordinary shares of 1 pence
the financial each
instrument, type
of instrument
Identification ISIN: GB00B830HW33
code
--- ------------------------ --------------------------------------
b) Nature of the Subscription for ordinary
transaction shares
--- ------------------------ --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
1. 3p 1,666,667
----------- ----------
2. 3p 833,333
----------- ----------
3. 3p 833,333
----------- ----------
--- ------------------------ --------------------------------------
d) Aggregated information
1. Aggregated Volume: 1,666,667
ordinary shares
- Aggregated Aggregated Price: GBP50,000
volume 2. Aggregated Volume: 833,333
ordinary shares
Aggregated Price: GBP25,000
- Price 3. Aggregated Volume: 833,333
ordinary shares
Aggregated Price: GBP25,000
--- ------------------------ --------------------------------------
e) Date of the transaction 1. 4 August 2016
2. 4 August 2016
3. 4 August 2016
--- ------------------------ --------------------------------------
f) Place of the N/A
transaction
--- ------------------------ --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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