04 Sep Directors’ Dealings & Shareholder Interest

Posted at 07:08h in RNS by
RNS Number : 1976L
African Pioneer PLC
04 September 2023

4 September 2023

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

Directors’ Dealings & Shareholder Interest

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by Wilhelm Shali, a member of the Concert Party, that on 29 August 2023 he has sold 3,333,335  ordinary shares of no par value each in the Company (“Shares”) (“Share Sale”) at 1.8 pence per Share reducing his shareholding in the Company to 3,657,817 Shares representing 1.6% of the Company’s issued share capital (“Total Voting Rights”). Of the Shares sold by Wilhelm Shali 2,222,223 Shares representing in aggregate 0.97% of the Total Voting Rights were acquired by the Company’s Directors Colin Bird (833,334 Shares for £15,000), Raju Samtani (555,556 Shares for £10,000) and Kjeld Thygesen (833,334 Shares for £15,000) (“Directors’ Share Purchases”). As a result of the Share Sale and the Directors’ Share Purchases, the aggregated Concert Party interest has been reduced from 45.3% to 44.8%.    

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

  Shareholdings  
Director & Position Current Directors’ Share Purchases Resultant shareholding %

of TVR
Colin Bird: Chairman 23,283,950 833,334 23,283,950 10.58%
Raju Samtani: Finance Director 17,839,506 555,555 17,839,506 8.07%
Christian Cordier: Director 17,222,222   – 17,222,222 7.55%
Kjeld Thygesen: Non Executive 200,000 833,334 1,033,334 0.45%
James Cunningham-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   https://africanpioneerplc.com/

 

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

TIDM: AFP

  
b) Nature of the Transaction Purchase of shares for £15,000  

 

  
c) Price(s) and volume(s)
   
No. of Shares 833,334
Price 1.8 pence
 
d) Aggregated information

Aggregated volume

  

833,334 ordinary shares

  
e) Date of the transaction 29 August 2023  
f) Place of the transaction Outside a trading venue  

 

 

1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Raju Samtani
2. Reason for the Notification
a) Position/status Finance 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

TIDM: AFP
b) Nature of the Transaction Purchase of shares for £10,000  

 
c) Price(s) and volume(s)
   
No. of Shares 555,555
Price 1.8 pence
d) Aggregated information

Aggregated volume

  

555,555 ordinary shares
e) Date of the transaction 29 August 2023
f) Place of the transaction Outside a trading venue

 

1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Kjeld Thygesen
2. Reason for the Notification
a) Position/status Non- Executive 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

TIDM: AFP
b) Nature of the Transaction Purchase of shares for £15,000  

 
c) Price(s) and volume(s)
   
No. of Shares 833,334
Price 1.8 pence
d) Aggregated information

Aggregated volume

  

833,334 ordinary shares
e) Date of the transaction 29 August 2023
f) Place of the transaction Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 

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