3rd Jan 2024 11:48
3 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:
Shareholdings | ||||
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 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.
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1. | Details of the person discharging managerial responsibilities / person closely associated |
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a) | Name | Colin Bird |
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2. | Reason for the Notification |
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a) | Position/status | Executive Chairman & Director |
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b) | Initial notification/amendment | Initial notification |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | African Pioneer PLC |
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b) | LEI | 213800QQF8O18CMJPW43 |
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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 |
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a) | Description of the Financial instrument, type of instrument | Ordinary shares with no par value |
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Identification code | ISIN: IM00B8C0HK22 TIDM: AFP |
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b) | Nature of the Transaction | Purchase of shares for £6,000
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c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume |
n/a |
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e) | Date of the transaction | 29 December 2023 |
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f) | Place of the transaction | XLON |
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Related Shares:
African Pionee.