Grant of New Share Options and PDMR Disclosures
Kavango Resources plc has announced the grant of 90,000,000 share options to Directors and PDMRs, and 150,000,000 share options to employees and consultants, all exercisable at 1 pence per Ordinary Share, vesting after three years and valid for ten years. This includes grants to PDMRs Alexandra Gorman, Donald McAlister, Hillary Gumbo, and Gautam Dalal, with specific volumes detailed for each. The transactions occurred off-market on January 7, 2026.
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Kavango Resources plc (LSE: KAV, VFEX: KAV.VX), the Southern Africa focused metals exploration and gold production company, announces Kavango's Board of Directors ("the Board") has approved the grant of 90,000,000 share options to Directors and PDMRs of the Company (the "Director Options") and 150,000,000 share options to employees and consultants of the Company and its subsidiaries (the "Other Options").
More information on the terms of the option grants is provided below.
The Director Options are exercisable at a price of 1 pence ("p") per Ordinary Share, vesting after three years and for a period of 10 years.
The Other Options are exercisable at a price of 1p per Ordinary Share, vesting after three years, for a period of 10 years.
The information below is set out in accordance with the requirements of the UK Market Abuse Regulation.
| 1 | Details of PDMR/person closely associated with them ("PCA") | |
| a) | Name | a) Alexandra Gorman |
| b) Donald McAlister | ||
| c) Hillary Gumbo | ||
| d) Gautam Dalal | ||
| 2 | Reason for the notification | |
| a) | Position/status | a) PDMR/Director |
| b) PDMR/Director | ||
| c) PDMR/Director | ||
| d) PDMR/Director | ||
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Kavango Resources PLC |
| b) | LEI | 2138007PZJFATXWUTS29 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares |
| Identification code | ISIN: GB00BF0VMV24 | |
| b) | Nature of the transaction | Grant of new share options |
| c) | Price(s) and volume(s) | |
| Price(s) GBPX | Volume(s) | |
| a) 1p | 40,000,000 | |
| b) 1p | 20,000,000 | |
| c) 1p | 20,000,000 | |
| d) 1p | 10,000,000 | |
| d) | Aggregated information | |
| Aggregated Volume | N/A | |
| Price | ||
| e) | Date of the transaction | 07-Jan-26 |
| f) | Place of the transaction | Off-market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.