TIDMHUM
RNS Number : 2913Z
Hummingbird Resources PLC
10 January 2024
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
10 January 2024
Hummingbird Resources pl c
("Hummingbird" or the "Company")
Result of General Meeting, Director Dealing and TVR
Hummingbird Resources plc (AIM: HUM) is pleased to announce that
all resolutions were duly passed at the General Meeting held
earlier today.
As detailed in the 10 January 2024 update, with the Resolutions
now passed at the General Meeting, the sum of the CIG Subscription,
the Subscription and the Open Offer, results in total gross
proceeds for the Company of c.US$28.1 million (c.GBP22.2
million).
Following the issue of the CIG Second Tranche Shares, CIG will
have a holding of 334,665,274 Ordinary Shares, representing an
interest of 41.9 per cent. in the share capital of the Company as
enlarged by the fundraising.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the
admission of the 142,522,475 CIG Second Tranche Shares, 13,987,560
Second Tranche Subscription Shares and 2,369,119 Open Offer Shares
to trading on AIM, which is expected to take effect on or around 11
January 2024 ("Admission").
Following Admission, the Company's issued share capital will
consist of 799,374,658 Ordinary Shares, all with voting rights. The
Company currently does not hold shares in treasury. The total
number of voting rights in the Company following Admission is
therefore 799,374,658, which 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 Guidance and
Transparency Rules.
Director Dealings
As previously announced on 21 December 2023, Ernie Nutter,
Non-Executive Director of the Company, conditionally subscribed for
6,993,780 Second Tranche Subscription Shares, representing a
shareholding of approximately 0.9 per cent. of the Company's issued
share capital as enlarged by the fundraising. Please refer to the
below PDMR notification in this regard.
As announced today, Tom Hill, Finance Director of the Company,
participated in the Open Offer through an application for 150,000
Open Offer Shares. Please refer to the Company's earlier
announcement today for the PDMR notification in this regard.
Unless otherwise defined, capitalised terms have the same
meaning as per the Company's circular dated 21 December 2023.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ernie Nutter
------------------------------------------------------------ --------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------------------------------------ --------------------------------
b) Initial notification/amendment Initial notification
------------------------------------------------------------ --------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer,
or auction monitor
----------------------------------------------------------------------------------------------
a) Name Hummingbird Resources Plc
------------------------------------------------------------ --------------------------------
b) LEI 213800PBYMQ6Z2D7UZ96
------------------------------------------------------------ --------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv)each place where transactions have been
conducted
----------------------------------------------------------------------------------------------
a) Description of the Financial instrument, type of instrument Ordinary Shares of 1 penny each
------------------------------------------------------------ --------------------------------
Identification code GB00B60BWY28
------------------------------------------------------------ --------------------------------
b) Nature of the Transaction Purchase of Ordinary Shares
------------------------------------------------------------ --------------------------------
c) Transfer Price(s) and volume(s) Price(s) Volume(s)
11.2625 6,993,780
----------
------------------------------------------------------------ --------------------------------
d) Aggregated information N/A, single transaction
Aggregated volume Price
------------------------------------------------------------ --------------------------------
e) Date of the transaction 10 January 2024
------------------------------------------------------------ --------------------------------
f) Place of the transaction London
------------------------------------------------------------ --------------------------------
**ENDS**
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold producing Company, member of the World Gold
Council and founding member of Single Mine Origin
(www.singlemineorigin.com). The Company currently has two core gold
projects, the operational Yanfolila Gold Mine in Mali, and the
Kouroussa Gold Mine in Guinea, which will more than double current
gold production once at commercial production. Further, the Company
has a controlling interest in the Dugbe Gold Project in Liberia
that is being developed by joint venture partners, Pasofino Gold
Limited. The final feasibility results on Dugbe showcase 2.76Moz in
Reserves and strong economics such as a 3.5-year capex payback
period once in production, and a 14-year life of mine at a low AISC
profile. Our vision is to continue to grow our asset base,
producing profitable ounces, while central to all we do being our
Environmental, Social & Governance ("ESG") policies and
practices.
For further information, please visit hummingbirdresources.co.uk or contact:
Daniel Betts, CEO Hummingbird Resources plc Tel: +44 (0) 20 7409 6660
Thomas Hill, FD
Edward Montgomery, CD
James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Ritchie Balmer Nominated Adviser
-------------------------- ----------------------------
James Asensio Canaccord Genuity Limited Tel: +44 (0) 20 7523 8000
Broker
-------------------------- ----------------------------
Bobby Morse Buchanan Tel: +44 (0) 20 7466 5000
Oonagh Reidy Financial PR/IR Email: HUM@buchanan.uk.com
George Pope
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END
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January 10, 2024 09:21 ET (14:21 GMT)
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