REG - Kefi Gold and Copper - Issue of Shares to Advisers

KEFI Gold and CopperAnnouncement

21/05/2024 07:00

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RNS Number : 1845P  Kefi Gold and Copper PLC  21 May 2024

21 May 2024

KEFI Gold and Copper plc

("KEFI" or the "Company")

Issue of Shares to Advisers

KEFI (AIM: KEFI), a gold and copper exploration and development company
focused on the Arabian-Nubian Shield with a pipeline of projects in the
Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia,
announces an issuance of 177,981,851 new ordinary shares of 0.1 pence each in
the capital of the Company ("Ordinary Shares") (the "Adviser Issued Shares")
at a price of 0.763 pence per Ordinary Share (the "Issue Price").  The Issue
Price is equal to the mid-market closing price of the Ordinary Shares on 20
May 2024.

The Adviser Issued Shares, with a total value of £1,358,002, have been issued
to certain key advisers to the Company in consideration for their services to
support various value-adding initiatives which now need to be addressed
following yesterday's launch of the Early Works Programme at the Company's
Tulu Kapi Gold Project in Ethiopia.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for Admission of the
177,981,851 Adviser Issued Shares to trade on AIM and it is expected that
Admission will become effective and that dealings in the Adviser Issued Shares
will commence at 8.00 a.m. on or around 28 May 2024.  Following Admission of
the Adviser Issued Shares, the total issued share capital of the Company will
consist of 6,059,089,306 Ordinary Shares each with voting rights.  The
Company does not hold any Ordinary Shares in treasury.  Therefore, the total
number of voting rights in the Company will be 6,059,089,306 and this figure
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 in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR. The person responsible for the release of this announcement is Harry
Anagnostaras-Adams (Executive Chairman).

Enquiries

 

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Executive Chairman)       +357 99457843
 John Leach (Finance Director)                       +357 99208130

 SP Angel Corporate Finance LLP (Nominated Adviser)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl

 Tavira Financial Limited (Lead Broker)              +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans

 IFC Advisory Ltd (Financial PR and IR)              +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

 3PPB LLC (Institutional IR)
 Patrick Chidley                                     +1 (917) 991 7701
 Paul Durham                                         +1-203-940-2538

 

 

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