AYM.GB Anglesey Mining PLC

 
TIDMAYM 
 
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
    ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") 
 
COMPANY NAME: 
 
Anglesey Mining plc 
 
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS 
(INCLUDING POSTCODES) : 
 
Tower Bridge House, St Katharines Way, London, E1W 1DD 
 
COUNTRY OF INCORPORATION: 
 
United Kingdom 
 
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: 
 
https://www.angleseymining.co.uk/ 
 
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF 
AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION 
IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE 
STATED: 
 
Anglesey Mining plc ("Anglesey" or the "Company") is a UK mining company 
currently listed on the Premium segment of the Official List of the 
Financial Conduct Authority and is admitted to trading on the Main Market 
of the London Stock Exchange. Anglesey was incorporated in 1984. 
Anglesey's principal asset is a 100% interest in the Parys Mountain 
copper-zinc-lead-gold-silver project on the island of Anglesey in North 
Wales. Anglesey is currently exploring and developing the property, which 
has a high potential for the discovery of additional mineral resources 
through the development of a new, modern mine in an environmentally 
sustainable manner. 
In addition, Anglesey holds minority interest in two Iron assets being a 
20% interest, and management rights to the Grangesberg Iron project in 
Sweden, together with a right of first refusal to increase its interest by 
a further 50.1%. Anglesey also holds a 12% interest in Labrador Iron Mines 
Holdings Limited (whose shares are traded on OTC Markets) which holds 
direct shipping iron ore deposits in Labrador and Quebec. 
 
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO 
TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, 
nominal value and issue price to which it seeks admission and the number 
and type to be held as treasury shares): 
 
248,070,732 Ordinary Shares of £0.01 each in the capital of the Company. 
 
There are no restrictions as to the transferability of the Ordinary Shares. 
 
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND 
ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
 
No target fundraise anticipated. 
Expected market cap on admission: Current market capitalisation is c.£8 
million. 
 
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
 
Approx. 23.3% (59.7 million shares) 
 
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM 
SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR 
TRADED: 
 
No application to any other Exchange will be made 
 
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining 
the first name by which each is known or including any other name by which 
each is known): 
 
Existing Directors 
John Kearney ("John") (Chairman) 
 
Jonathan Battershill ("Jo") (Chief Executive Officer) 
 
Derek William ("Bill") Hooley (Deputy Chairman / Non-Executive Director) 
 
Howard Miller ("Howard") (Non-Executive Director) 
 
Danesh Varma ("Danesh") (Non-Executive Director) 
 
Namrata Verma ("Namrata") (Independent Non-Executive Director) 
 
Andrew King ("Andrew") (Independent Non-Executive Director) 
 
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION 
(underlining the first name by which each is known or including any other 
name by which each is known): 
 
Name               Number of Ordinary Percentage of      Percentage of 
                   Shares             Issued Share       Issued Share 
                                      Capital Before     Capital After 
                                      Admission          Admission 
 
Juno Limited       57,924,248         23.3%              23.3% 
 
Monecor (London)   11,528,383         4.65%              4.65% 
Limited (trading 
as ETX Capital) 
 
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, 
PARAGRAPH (H) OF THE AIM RULES: 
 
N/A 
 
 i. ANTICIPATED ACCOUNTING REFERENCE DATE 
ii. DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT 
    HAS BEEN PREPARED (this may be represented by unaudited interim 
    financial information) 
iii. DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM 
    RULES 18 AND 19: 
 
 i. 30 September 2021 
ii. 30 September 2021 
iii. 30 September 2022 (for its annual audited accounts for the year ended 
    31 March 2022), 31 December 2022 (for its unaudited interim accounts 
    for the six months ended 30 September 2022) and 30 September 2023 (for 
    its annual audited accounts for the year ended 31 March 2023) 
 
EXPECTED ADMISSION DATE: 
 
8 April 2022 
 
NAME AND ADDRESS OF NOMINATED ADVISER: 
 
Davy Corporate Finance, Davy House, 49 Dawson Street, Dublin 2, Ireland 
 
NAME AND ADDRESS OF BROKER: 
 
J&E Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland 
 
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR 
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A 
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE 
ADMISSION OF ITS SECURITIES: 
 
N/A - applicant is a quoted applicant 
 
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY 
 
The Quoted Company Alliance Code 
 
DATE OF NOTIFICATION: 
 
9 March 2022 
 
NEW/ UPDATE: 
 
New 
 
QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: 
 
THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES 
HAVE BEEN TRADED: 
 
Premium listing segment of the Official List, trading on the London Stock 
Exchange's main market for listed securities 
 
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED: 
 
18 May 1988 
 
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS 
ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS 
SECURITIES TRADED UPON SUCH A MARKET OR DETAILS OF WHERE THERE HAS BEEN ANY 
BREACH: 
 
 
The Company confirms, following due and careful enquiry, that it has 
adhered to all legal and regulatory requirements applicable to companies 
whose securities are admitted to listing on the FCA's Official List and to 
trading on the London Stock Exchange's main market for listed securities. 
 
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH 
THE APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF 
HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE: 
 
 
https://www.angleseymining.co.uk/ 
 
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE 
CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY: 
 
 
Anglesey Mining plc is a minerals exploration and development company. Its 
key assets are the Parys Mountain Cu-Zn-Pb-Ag-Au deposit on the isle of 
Anglesey and a 20% holding in the Grängesberg Iron Ore Project in Sweden 
(with a right of first refusal to acquire an additional 50%). Following 
admission to AIM, the company intends to progress the Parys Mountain 
project through additional geological, mining and metallurgical studies 
including a Feasibility Study. At Grängesberg, the company is currently 
completing a Pre-Feasibility Study, which should ultimately lead to 
Feasibility Study programme. 
 
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF 
THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL 
PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED: 
 
Save as disclosed in the Company's interim report for the six months ended 
30 September 2021 and dated 12 November 2021, there has been no significant 
change in the financial or trading position of Anglesey Mining since 31 
March 2021, being the end of the last financial period for which audited 
financial statements have been published. 
 
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE 
THAT THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE INSUFFICIENT 
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION: 
 
The Directors have no reason to believe that the working capital available 
to the Company or the Group will be insufficient for at least 12 months 
from the date of its admission to AIM 
 
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES: 
 
N/A 
 
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S 
SECURITIES: 
 
 
Settlement will continue to be through the Euroclear System for dealings in 
ordinary shares held in uncertificated form. Ordinary shares can also be 
dealt with in certificated form. 
 
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S 
SECURITIES: 
 
https://www.angleseymining.co.uk/ 
 
 
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS 
NOT CURRENTLY PUBLIC: 
 
Information is contained within the Appendix to this Schedule One 
announcement, available on the Company's website at https:// 
www.angleseymining.co.uk/ 
 
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT 
AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS 
PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE.  THE ACCOUNTS MUST 
BE PREPARED IN ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM 
RULE 19: 
 
https://www.angleseymining.co.uk/ 
 
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY: 
 
As at the date of this Schedule One announcement, there are no ordinary 
shares held in treasury. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 09, 2022 02:00 ET (07:00 GMT)

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