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LONDON - Kodal Minerals Plc (AIM:LON:KOD) announced Thursday that three of its directors have adjusted their shareholdings following the exercise of warrants previously announced on July 2.
CEO Bernard Aylward purchased 20,000,000 ordinary shares at 0.25p each, increasing his total holding to 341,364,799 shares, representing 1.68% of the company’s issued share capital.
Chairman Robert Wooldridge acquired 6,000,000 ordinary shares at the same price, bringing his total holding to 192,223,858 shares, equivalent to 0.95% of the company.
Operations Director Steven Zaninovich sold 26,000,000 ordinary shares to cover the cost of exercising warrants. Following the transaction and including 33,333,334 new ordinary shares due to be admitted to trading on AIM around July 7, Zaninovich will hold 41,142,847 shares, representing 0.20% of the company.
The transactions were conducted on the London Stock Exchange (LON:LSEG) at a price of 0.25p per share. Aylward’s purchase totaled £50,000, while Wooldridge’s amounted to £15,000. Zaninovich’s sale generated £65,000.
The company’s other directors, Charles Joseland and David Teng, maintain holdings of 36,250,000 shares (0.18%) and zero shares respectively.
The shareholding calculations are based on Kodal’s expected issued share capital of 20,280,699,594 following the admission of new shares on July 7.
This information was disclosed in accordance with UK Market Abuse Regulation requirements, according to the company’s press release statement.
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