Kennedy Ventures PLC Award of Performance Shares to Director (0957U)

TIDMKENV

RNS Number : 0957U

Kennedy Ventures PLC

27 July 2015

27(th) July 2015

Kennedy Ventures plc

Award of Performance Shares to Director

Kennedy Ventures plc ("Kennedy Ventures" or "the Company") which is focused on tantalite production in Namibia through its 75% holding in African Tantalum (Pty) Limited, agreed on Friday 24(th) July to make a conditional award of 1,400,000 ordinary shares of GBP0.01 in the Company to Peter Hibberd, Chief Executive Officer of Kennedy Ventures (the "Award").

The shares granted under the Award will be issued as certain performance criteria are met, including inter alia the completion of the initial shipments of tantalite pursuant to the offtake agreement announced by Kennedy Ventures in July 2015 and the on-going profitability of the Company.

-ENDS-

For further information, please contact:

 
 Kennedy Ventures plc 
  Peter Hibberd c/o Georgia 
  Mann                                  020 3757 4983 
 Cenkos Securities (Nominated 
  Adviser and Joint Broker) 
  Derrick Lee / Nick Tulloch            0131 220 6939 
 Shore Capital (Joint Broker) 
  Mark Percy / Toby Gibbs (corporate 
  finance) 
  Jerry Keen (corporate broking)        020 7408 4090 
 Peterhouse Corporate Finance 
  (Joint Broker) 
  Duncan Vasey                          020 7469 0935 
 Camarco 
  Billy Clegg / Georgia Mann             020 3757 6983

This information is provided by RNS

The company news service from the London Stock Exchange

END

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