How are energy investors positioned?
LONDON - Kavango Resources PLC (LSE:KAV), a UK-based mining company, announced a significant change in shareholding by director Peter Wynter Bee, who increased his stake in the company following the conversion of a convertible note on January 31, 2025. This transaction was disclosed to the company on February 4, 2025.
Peter Wynter Bee, a Non-Executive Director (NED) of Kavango Resources, now holds a total of 26,434,733 shares, representing 8.67% of the company’s voting rights. Of these shares, 8,218,182 are held by Wynter Bee Resources Ltd, with the remaining balance directly held by Bee himself. The shares were acquired at a price of £0.007 each, amounting to a total transaction value of £1,218,904.09.
Additionally, Lorraine Whitehorn, the Company Secretary of Kavango Resources, also converted a convertible note on the same day, acquiring 999,999 ordinary shares at the same price, totaling £6,999.99.
The transactions took place on the London Stock Exchange (LON:LSEG) and are part of a broader notification requirement that mandates the disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
These notifications are in compliance with the UK’s Disclosure and Transparency Rules, which aim to ensure transparency in the ownership of publicly traded companies. The increase in shareholding by a director often signals confidence in the company’s prospects and can influence investor perception.
The information regarding these transactions is based on a press release statement provided by RNS, the news service of the London Stock Exchange, and is subject to the terms and conditions of distribution and use.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.