TIDMKENV

RNS Number : 0551O

Kennedy Ventures PLC

15 August 2017

15 August 2017

Kennedy Ventures plc

Result of General Meeting

Kennedy Ventures plc ("Kennedy Ventures" or "the Company"), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia Tantalite Investments ("NTI") mine (historically referred to as the Tantalite Valley Mine) in Namibia, is pleased to announce that all resolutions put to shareholders at the General Meeting held earlier today were duly passed.

As a result, the Company will proceed to issue 42,500,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 6p per share, pursuant to the placing announced on 27 July 2017.

Settlement and dealings

Application has been made to the AIM market of the London Stock Exchange ("AIM") for a total of 42,500,000 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 16 August 2017.

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 will consist of 251,517,093 Ordinary Shares with voting rights attached. This figure of 251,517,093 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules ("DTRs").

 
 Kennedy Ventures plc 
 Larry Johnson (CEO), c/o              Tel: +44 (0)203 757 
  Camarco                               4983 
 finnCap (Nominated Adviser            Tel: 44 (0)20 7220 
  and broker)                           0500 
  Christopher Raggett / Scott 
  Mathieson / Anthony Adams 
  (corporate finance) 
  Simon Johnson (corporate 
  broking) 
 Shore Capital (Broker)                Tel: +44 (0) 207 
  Mark Percy / Toby Gibbs (corporate    408 4090 
  finance) 
  Jerry Keen (corporate broking) 
 Camarco (PR)                          Tel: +44 (0) 203 
  Gordon Poole / Billy Clegg            757 4980 
  / James Crothers

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 15, 2017 07:52 ET (11:52 GMT)

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