Director’s Dealings and Shareholder Interest

RNS Number : 5420Y
African Pioneer PLC
03 January 2024

African Pioneer Plc
(“African Pioneer” or the “Company”)

Director’s Dealings & Shareholder Interest


African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by M&A Wealth Pty Ltd, a member of the Concert Party, that on 29 December 2023 and 3 January 2024 it has sold a total of 1,125,000 ordinary shares of no par value each in the Company (“Shares“) (“Share Sale“) reducing its shareholding in the Company to 1,875,000 Shares representing 0.82% of the Company’s issued share capital (“Total Voting Rights”). Of the Shares sold by M&A Wealth 375,000 Shares representing in aggregate 0.164% of the Total Voting Rights were acquired by the Company’s Director Colin Bird at 1.6 pence (“Director’s Share Purchase“). As a result of the Share Sale and the Director’s Share Purchase, the aggregated Concert Party interest has reduced from 44.8% to 44.49%.    

Directors’ updated shareholdings: The table below shows the current shareholdings of Directors and their related parties as a percentage of Total Voting Rights after the Director’s Share Purchase:

Director & Position Current Director’s Share Purchase Updated shareholding % of Issued Share Capital
Colin Bird: Chairman 24,117,284 375,000 24,492,284 10.74%
Raju Samtani: Finance Director 18,395,061 18,395,061 8.07%
Christian Cordier Director 17,222,222 17,222,222 7.55%
Kjeld Thygesen: Non Executive 1,033,334                     –   1,033,334 0.45%
James Cunnigham Davis: Non Executive Nil


For further information, please contact:

African Pioneer Plc

Colin Bird, Chairman

Tel +44 (0) 20 7581 4477
Beaumont Cornish Limited (Financial Adviser)

Roland Cornish/Asia Szusciak

Tel +44 (0) 20 7628 3396
Novum Securities Limited (Broker)

Jon Belliss

Tel +44 (0) 20 7399 9400


or visit


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”).


PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.


1. Details of the person discharging managerial responsibilities / person closely associated  
a) Name Colin Bird  
2. Reason for the Notification  
a) Position/status Executive Chairman & Director  
b) Initial notification/amendment Initial notification  
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  
a) Name African Pioneer PLC  
b) LEI 213800QQF8O18CMJPW43  
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 Ordinary shares with no par value  
Identification code ISIN: IM00B8C0HK22


b) Nature of the Transaction Purchase of shares for £6,000  


c) Price(s) and volume(s)
No. of Shares 375,000
Price 1.6 pence


d) Aggregated information

Aggregated volume



e) Date of the transaction 29 December 2023  
f) Place of the transaction XLON  




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