Victoria Falls Stock Exchange-listed mining exploration firm Kavango Resources PLC has announced a significant insider share purchase alongside changes in major shareholdings, according to a regulatory filing dated 30 March 2026.
Executive chairman and interim chief executive Peter Wynter Bee, classified as a Person Discharging Managerial Responsibilities, acquired 20 million ordinary shares in the company at £0.01 per share on the London Stock Exchange, valuing the transaction at £200,000.
Following the purchase, Wynter Bee’s total holding increased to 298.85 million shares, representing 6.84% of Kavango’s issued share capital. The percentage ownership declined from 7.61% despite the increase in shares held, reflecting dilution resulting from changes to the company’s overall share structure.
Separately, major shareholder Purebond Limited reported a reduction in voting rights, with its stake falling from 70.20% to 57.87%, equivalent to approximately 2.53 billion shares.
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The filing indicated that the adjustment resulted from an event altering the distribution of voting rights rather than a direct disposal of shares.
Purebond Limited operates as a wholly owned subsidiary of Solai Holdings Limited, which remains the ultimate controlling entity. Additional disclosures show trustees associated with Solai Holdings retain a small indirect interest in Kavango through a pension scheme, accounting for roughly 0.30% of voting rights, or about 13 million shares.
The disclosures were made in compliance with UK Market Abuse Regulation requirements governing insider transactions and significant shareholding notifications.
Kavango Resources PLC is dual-listed in the United Kingdom and on the Victoria Falls Stock Exchange and focuses on mineral exploration projects across Southern Africa.
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