Marula Mining PLC
("Marula'' or the "Company")
8 October 2024
Director/PDMR Shareholding
Marula Mining (AQSE: MARU), an African focused mining and development company, has received notification on 7 October 2024, that Gathoni Muchai Investments Limited ("GMI") made the following purchases of ordinary shares in the capital of the Company. Jason Brewer, a director of the Company, is a director and shareholder of GMI.
| Director | Number of ordinary shares purchased | Purchase price (Aggregated) | Resultant interest in ordinary shares in the Company | Resultant percentage of issued ordinary shares in the Company |
| Jason Brewer | 1,000,000 | 7.38 pence | 17,730,0001 | 8.78% |
1 17,730,000 ordinary shares are held by Gathoni Muchai Investments Limited ("GMI"), Jason Brewer, Chief Executive Officer and shareholder of the Company, is a connected person to the Chief Executive Officer of GMI and a substantial shareholder and director of GMI
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.
About Marula Mining
Marula Mining (AQSE: MARU A2X: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, Korridor Lithium Project and Kruisrivier Cobalt Mine, all in South Africa; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania and the Nkombwa Hill Project in Zambia. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and Management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange ("AQSE") in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.
For enquiries contact:
| Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com
Email : info@marulamining.com
|
| AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti | +44 (0)20 7213 0880 |
| Broker Peterhouse Capital Limited, | +44 (0)20 7469 0930
|
| Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren | +44 (0)20 7138 3204
|
| A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov | +27 (11) 480 8500 |
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a. | Name | Jason Brewer
| ||||||||
| 2 | Reason for notification | | ||||||||
| a. | Position/Status | Chief Executive Officer of the Company (also a director and shareholder of Gathoni Muchai Investments and connected person to the CEO of GMI) | ||||||||
| b. | Initial notification/ Amendment | Initial notification | ||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a. | Name | Marula Mining plc | ||||||||
| b. | LEI | 2138002UCKAEBPYWVT15 | ||||||||
| 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 | Ordinary shares of 0.01 pence each ISIN: GB00BNBS4S95 | ||||||||
| b. | Nature of the transaction | Purchase of ordinary shares | ||||||||
| c. | Price(s) and volume(s) | |
| | | | ||||
| | ||||||||||
| d. | Aggregated information
- Aggregated Volume
- Price |
N/A | ||||||||
| e. | Date of the transaction | 4 October 2024 | ||||||||
| f. | Place of the transaction | AQSE | ||||||||
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