Kennedy Ventures PLC Grant of Share Options (3098O)
August 17 2017 - 7:48AM
UK Regulatory
TIDMKENV
RNS Number : 3098O
Kennedy Ventures PLC
17 August 2017
17 August 2017
Kennedy Ventures plc
Grant of Share Options
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 mine (historically referred to as the
Tantalite Valley Mine) in Namibia, announces that on 17 August
2017, the Board granted options ("Options") to Larry Johnson, over
10,000,000 new ordinary shares of 1p each ("Ordinary Shares"),
exercisable at 6p per Ordinary Share. The Options represent 3.98
per cent of the current issued share capital.
The Options will vest over a three-year period, 3,300,000 in
2018 and 2019 and 3,400,000 in 2020 and are subject to certain
performance related conditions.
There was no consideration paid upon the grant of the Options
and the Options expire on the third anniversary of their
vesting.
Director Options Vesting Expiry Exercise
Granted Date Date Price (per
Ordinary
Share)
--------------- ----------- ---------- ---------- ------------
17 August 17 August
Larry Johnson 3,300,000 2018 2021 6p
--------------- ----------- ---------- ---------- ------------
17 August 17 August
3,300,000 2019 2022 6p
--------------- ----------- ---------- ---------- ------------
17 August 17 August
3,400,000 2020 2023 6p
--------------- ----------- ---------- ---------- ------------
Total 10,000,000
--------------- ----------- ---------- ---------- ------------
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information on the Company, visit:
www.kvplc.com:
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
The information contained within this announcement is considered
to be inside information, for the purposes of Article 7 of EU
Regulation 596/2014, prior to its release.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Larry Johnson
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment 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
instrument, type
of instrument
---
Identification GB00B830HW33
code
--- ------------------------------- -----------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- -----------
6p 10,000,000
--------- -----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume 10,000,000 options over ordinary
shares of 1 pence each (granted)
at 6 pence per ordinary share
* Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 17 August 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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