18:02 Wed 16 Dec 2020
Ncondezi Energy Ltd - Issue of Warrants
News Release
Issue of Warrants
The Placing warrants are non-transferable warrants each carrying a right to subscribe for an Ordinary Share in the Company with an exercise period of one year from
Each Broker Warrant entitles the holder to subscribe for one Ordinary Share in the Company at the Placing Price of
The total number of Placing warrants include 888,900 warrants issued to Non Executive Director
Enquiries
For further information please visit www.ncondezienergy.com or contact:
| Ncondezi Energy | | +27 (0) 71 362 3566 |
|
Liberum Capital Limited
| | +44 (0) 20 3100 2000 |
| Novum Securities Limited Joint Broker | | +44 (0) 20 7399 9427 |
|
Pimlico Advisory Ltd Investor Relations | | +44 (0) 777 56 55 927 |
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name | | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive Director | |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name
| Ncondezi Energy Limited | |||
| b)
| LEI | 2138003W75PP9STE9J18
| |||
| 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 the financial instrument, type of instrument | Ncondezi Energy Limited ordinary shares of no par value | |||
| | | ||||
| Identification code | VGG640631039 | ||||
| | | ||||
| b)
| Nature of the transaction
| Warrants to subscribe for an Oridnary Shared at a price of | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1. nil | 1. 888,900 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 888,900 | ||||
| | | ||||
| - Price | nil | ||||
| | | ||||
| e)
| Date of the transaction
| | |||
| f)
| Place of the transaction
| London Stock Exchange, AIM | |||
Note:
About Ncondezi Energy
Ncondezi is an African power development company with an advanced staged, integrated 300MW thermal coal power plant and mine project located in the
The Company is focused on providing reliable, affordable and accessible baseload energy to
The power plant will be designed to be equipped with state-of-the-art emissions controls technologies that will reduce local air pollutants, minimizing the plant's impact on the environment and ensuring its compliance with the most stringent emission standards
In 2019, the Company entered into the Commercial and Industrial ("C&I") renewable and battery storage sector
and in
secured the right to fund a
Agreement with a C&I developer. The move into the C&I solar and battery storage sector offers a significant
opportunity for the Company to complement the existing large-scale baseload power project and access near-term low-risk annuity income streams which have significant growth potential.
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