Kennedy Ventures PLC Directors' Exercise of Options (0602U)

TIDMKENV

RNS Number : 0602U

Kennedy Ventures PLC

04 April 2016

4 April 2016

Kennedy Ventures plc

Directors' Exercise of Options

Kennedy Ventures plc ("Kennedy Ventures" or "the Company"), the AIM quoted Investment Company, which, through its investment in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Tantalite Valley Mine in Namibia, announces that Giles Clarke, Chairman, and Nick Harrison, Director, have today each exercised options over 1,599,705 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 1.25 pence per Ordinary Share. Following the exercise of these options, Giles Clarke and Nick Harrison will each increase their respective shareholdings in the Company to 6,399,705 Ordinary Shares, each representing 5.90% of the issued share capital of the Company.

The new Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the Company's existing issued Ordinary Shares. Application has been made for 3,199,410 new Ordinary Shares to be admitted to the AIM Market of the London Stock Exchange ("AIM"). Admission is expected to become effective on or around 8 April 2016 ("Admission").

Following Admission of the new Ordinary Shares, the Company's issued share capital will comprise 108,461,539 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure of 108,461,539 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information on the Company, visit: www.kvplc.com, or contact:

 
 Kennedy Ventures plc 
 Peter Hibberd (CEO), c/o              Tel: +44 (0)203 757 
  Gordon Poole                          4983 
 Grant Thornton UK LLP (Nominated      Tel: +44 (0)20 7383 
  Adviser)                              5100 
  Colin Aaronson 
  Daniel Bush 
  Richard Tonthat 
 Shore Capital (Broker)                Tel: +44 (0) 207 408 
  Mark Percy / Toby Gibbs (corporate    4090 
  finance) 
  Jerry Keen (corporate broking) 
 Camarco (PR)                          Tel: +44 (0) 203 757 
  Billy Clegg                           4980 
  Tom Huddart

This information is provided by RNS

The company news service from the London Stock Exchange

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April 04, 2016 06:10 ET (10:10 GMT)

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