Neo Energy Metals
plc / LSE: NEO, A2X: NEO / Market: Main Market of the London Stock
Exchange
26 March 2024
Neo Energy Metals plc
('Neo Energy' or 'the
Company')
Director Share
Purchase
Neo Energy Metals plc, the near term, low-cost
uranium developer, is pleased to announce that Non-Executive
Director Quinton van der Burgh has
purchased 7,000,000 ordinary shares of £0.0001 in the Company
("Ordinary Shares") through an off market transaction at 0.75 pence
per Ordinary Share.
Following this share purchase, Quinton van der
Burgh holds (personally and through Q Global Commodities affiliate,
AUO Commercial Brokerage LLC) 207,000,000
Ordinary Shares in the Company representing 14.82 per cent of
the Company's voting rights.
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
|
Quinton van der Burgh
|
|
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
|
Neo Energy Metals plc
|
|
b)
|
LEI
|
213800WE14587VRQ5Y10
|
|
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
Identification code
|
Ordinary Shares of
£0.0001
GB00BYWLRL80
|
|
b)
|
Nature of the transaction
|
Purchase of 7,000,000 ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.75 pence
|
7,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Single Transaction
0.75 pence
|
|
e)
|
Date of the transaction
|
22 March 2024
|
|
f)
|
Place of the transaction
|
Off market transaction
|
Ends
|
Sean Heathcote
Jason Brewer
|
CEO
Executive
Chairman
Neo Energy Metals
plc
|
sean@neoenergymetals.com
jason@neoenergymetals.com
|
|
Isabel de Salis / Paul Dulieu / Isabelle
Morris
|
Financial PR
St Brides Partners Ltd
|
neo@stbridespartners.co.uk
|
Notes
Neo Energy Metals plc aims to become an
important supplier to the fast-growing uranium sector. Its
initial focus is on its 70% owned Henkries Uranium Project, an
advanced, low-cost uranium project in the Northern Cape Province of
South Africa with a clear pathway to production. +US$30m of
historical exploration, drilling, test pitting and mining,
metallurgical test-work and pilot plant work has been undertaken at
the Project, culminating in a published feasibility
study.
Headquartered in Nairobi, Kenya, Neo Energy is
now focused on increasing the mineral resources at Henkries from
the current estimated 4.7 million pounds of uranium, (which is
highly probable as less than 10% of prospective ground is fully
tested) and completing an updated feasibility study ahead of
reaching a development decision by November 2025.
Led by a proven board and management team with
uranium and other mineral project development experience in
Southern Africa, Neo Energy's strategy is layered on a two-year
development approach to generate cashflow from Henkries with a view
towards building a longer term exploration and portfolio growth
strategy to develop the highly prospective Northern Cape Region of
South Africa and, potentially, broader regional expansion into
energy metal property holdings globally.
The team includes:
·
Jason Brewer, Executive
Chairman: c.30 years' experience in
international mining, financial markets, and investment banking
with a particular focus in Africa.
·
Sean Heathcote,
CEO: +30 years' experience in the mining and
exploration industry in Africa across a broad range of
commodities.
·
Jackline Muchai,
Non-Executive Director: one of the few Kenyan
women serving on a board within London's Main Market on the London
Stock Exchange, and CEO of Gathoni Muchai Investments.
·
Bongani Raziya,
Non-Executive Director: over 20 years'
experience in oil and gas and mining in Africa with various
directorships held in well-established and profitable
companies.
·
James Longley,
Non-Executive Director: +30 years' experience
in finance, whose career has been focused on venture capital,
private equity and building growth companies.
·
Charles Tatnall,
Non-Executive Director: a seasoned advisor and
fundraiser, specialising in small and medium-sized enterprises
across diverse industries.
·
Quinton van der Burgh,
Non-Executive Director: Founder and CEO of Q
Global Commodities, one of South Africa's largest privately owned
mining houses that has established more than 45 mines throughout
Sub-Saharan Africa from greenfield status through to production and
exports of materials to the global commodity
markets.
Neo Energy Metals plc's shares are also listed
on the A2X Markets, an independent South African stock exchange, in
order to broaden its investor base and facilitate opportunities for
strategic acquisitions of uranium projects, especially within South
Africa.