Management Appointments and Grant of Share Options

KEFI Minerals, the AIM-quoted gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, announces that it has expanded its senior management team as part of preparations for development and operations. 

In addition, in accordance with the share option scheme of the Company (the "Scheme"), the Directors have approved the recommendation of the Remuneration and Nominations Committee to make a grant of share options over 12,600,000 new ordinary shares of the Company (�Ordinary Shares�) to Certain Directors and senior managers (the "Options"). The Options have an exercise price of 4.5p per Ordinary Share, representing a c. 23% premium to the VWAP for the week commencing 22 January 2018. Following the grant of the Options, there will be options outstanding under the Scheme and pursuant to earlier arrangements over approximately 9.3%of the issued Ordinary Share capital as compared with the Scheme limit of 10%.

Read the full announcement "Management Appointments and Grant of Share Options".

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