KAVANGO RESOURCES PLC

Major Shareholding Notification • Feb 5, 2021

National Storage Mechanism | Additional information

RNS Number : 1564O

Kavango Resources PLC

05 February 2021

PRESS RELEASE

5 February 2021

KAVANGO RESOURCES PLC

("the Company")

TR-1: Standard form for notification of holding(s) in the Company

Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, announces that it has received the TR-1 forms as set out below in this announcement. A copy of the announcement is available on the Company's website at www.kavangoresources.com and on twitter at #KAV.

For further information please contact:

Kavango Resources plc                                                          

Michael Foster

mfoster@kavangoresources.com

TR-1: Standard form for notification of major holdings

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		KAVANGO RESOURCES plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				X
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii			MICHAEL FOSTER
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v			4.2.2021
6. Date on which issuer notified:			4.2.2021
7. Threshold(s) that is/are crossed or reached: vi, vii			3%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights				Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
2138007PZJFATXWUTS29	9,026,390			9,026,390						11,472,265		0	3.66%			0
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii			Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii			Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
														Nominal			Delta
Total (A+B+C)
Number of voting rights									Percentage of voting rights
11,472,265									3.66%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:									MICHAEL FOSTER
15. Contact telephone number:
Place of completion					U.K.
Date of completion					5 February 2021

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		KAVANGO RESOURCES plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				X
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii			HILLARY GUMBO
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v			4.2.2021
6. Date on which issuer notified:			4.2.2021
7. Threshold(s) that is/are crossed or reached: vi, vii			5%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
2138007PZJFATXWUTS29	13,895,137			13,895,137			16,520,137		16,520,137		0	5.28			0
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
16,520,137								5.28

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:		HILLARY GUMBO
15. Contact telephone number:
Place of completion	U.K.
Date of completion	5 February 2021

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