Ncondezi Energy Limited Director/PDMR Shareholding (9966U)
October 30 2017 - 10:30AM
UK Regulatory
TIDMNCCL
RNS Number : 9966U
Ncondezi Energy Limited
30 October 2017
News Release
Change to Substantial Shareholding and PDMR Shareholding
30 October 2017: Ncondezi Energy Limited ("Ncondezi" or the
"Company") (AIM: NCCL) was informed on 27 October 2017, that
Kulczyk Investments S.A. ("KI"), an indirect shareholder of 11.7%
of the Company's ordinary shares through its subsidiaries,
Polenergia International S.àr.l. ("Polenergia"), Kulczyk Holding
S.A. ("KH") and Leganes Limited ("Leganes"), had completed a
restructuring of its shareholding in the Company's ordinary shares
on 26 October 2017.
KI has completed a restructuring of its shareholding in the
Company so that all its shares are now held by Polenergia. This has
been achieved by completion of the following intra-group share
transfers:
-- The transfer of 2,220,881 of Ncondezi's shares from KH to Polenergia; and
-- The transfer of 6,136,677 of Ncondezi's shares from Leganes to Polenergia.
Polenergia now holds a total of 29,111,719 ordinary shares in
the Company representing 11.7% percent of the issued share capital
of the Company. However, as Polenergia is a wholly owned subsidiary
of KI, there is no ultimate change in the beneficial ownership for
the ordinary shares.
Jacek Glowacki, who is a non-executive director of the Company,
is Chief Executive Officer and Chairman of Polenergia.
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------------
a) Name Jacek Glowacki
--- ------------------------- ----------------------------------------
2 Reason for the notification
Transfer of 8,357,558 ordinary shares to Polenergia.
Mr Glowacki is Chief Executive Officer and
Chairman of Polenergia and a Non-executive
director of the Company.
--- -------------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------- ----------------------------------------
b) Initial Initial notification
notification/
Amendment
--- ------------------------- ----------------------------------------
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 Ncondezi Energy Limited ordinary shares
of
the
financial
instrument, VGG640631039
type
of
instrument
Identification
code
--- ------------------------- ----------------------------------------
b) Nature Transfer of shares
of
the
transaction
--- ------------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and ---------- -----------
volume(s)
N/A 8,357,558
---------- -----------
--- ------------------------- ----------------------------------------
d) Aggregated
information
* Aggregated volume 8,357,558
N/A
* Price
--- ------------------------- ----------------------------------------
e) Date 26 October 2017
of
the
transaction
--- ------------------------- ----------------------------------------
f) Place Off market transfer
of
the
transaction
--- ------------------------- ----------------------------------------
Enquiries
For further information please visit www.ncondezienergy.com or
contact:
+27 (0) 71 362
Ncondezi Energy: Hanno Pengilly 3566
Liberum Capital
Limited:
NOMAD & Joint Neil Elliot / Richard +44 (0) 20 3100
Broker Crawley 2000
Novum Securities
Limited +44 (0) 20 7399
Joint Broker Colin Rowbury 9427
Ncondezi owns 100% of the Ncondezi Project which is
strategically located in the power generating hub of the country,
the Tete Province in northern Mozambique. The Company is developing
an integrated thermal coal mine and power plant in phases of 300MW
up to 1,800MW. The first 300MW phase is targeting domestic
consumption in Mozambique using reinforced existing transmission
capacity to meet current demand.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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