Anglesey Mining PLC Acquisition of 29.8% stake in Grangesberg
09 February 2023 - 6:00PM
UK Regulatory
TIDMAYM
9 February 2023
Anglesey Mining plc
("Anglesey" or "the Company")
Issue of Shares in respect of Acquisition of 29.8% Stake in Grängesberg
Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased
to announce that, further to the Company's announcement released on 12 January
2023 regarding the agreement to acquire an additional 29.8% of Grängesberg Iron
AB ("GIAB"), the entity that owns the Grängesberg Iron Ore Project in Sweden,
the acquisition has now completed and Anglesey will issue 14,544,827 new
ordinary shares of nominal value 1 pence each ("Ordinary Shares") in the
Company at an issue price of 3 pence per share (the "Consideration Shares") to
Roslagen Resources AB ("Roslagen").
Application will be made for the Consideration Shares, which will rank pari
passu with the existing Ordinary Shares in the Company, to be admitted to
trading on AIM ('Admission'). It is expected that Admission will become
effective on or around 14 February 2023. The Consideration Shares shall be held
in escrow for 12 months from their date of issue.
Following Admission, the Company's total issued share capital will consist of
295,220,548 Ordinary Shares. As such, the total number of voting rights in the
Company will be 295,220,548 Ordinary Shares. This number may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest, in the Company under the FCA's Disclosure and Transparency
Rules.
Following the issue of the Consideration Shares, Roslagen now holds
approximately 4.9% of the issued share capital of the Company.
For further information, please contact:
Anglesey Mining plc
Jo Battershill, Chief Executive - Tel: +44 (0)7540 366000
John Kearney, Chairman - Tel: +1 416 362 6686
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Lauren O'Sullivan - Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell - Tel: +44 (0) 207 220 1666
Scout Advisory Limited
Investor Relations Consultant
Sean Wade - Tel: +44 (0) 7464 609025
LEI: 213800X8BO8EK2B4HQ71
END
(END) Dow Jones Newswires
February 09, 2023 02:00 ET (07:00 GMT)
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