TIDMALK
RNS Number : 3004V
Alkemy Capital Investments PLC
08 August 2022
8 August 2022
Alkemy Capital Investments Plc
The following amendment has been made to the 'Oversubscribed
Placing to raise GBP1.2m and Directors Purchase of Shares'
announcement released on 4 August 2022 at 7:00am
The amount of new ordinary shares admitted to trading should
have been 1,199,999 and not 1,200,000. Therefore the total amount
raised from the placing is GBP1,199,999 and the companies enlarged
issued share capital is 7,199,998 Ordinary Shares.
The full amended text is shown below:
4 August 2022
Alkemy Capital Investments Plc
Oversubscribed Placing to raise GBP1.2m and Directors Purchase
of Shares
Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) and its
wholly owned subsidiary Tees Valley Lithium Ltd (" TVL ") are
pleased to announce the following corporate update.
Highlights:
-- GBP1.2m new funds, before expenses, raised by Alkemy from new
and existing shareholders through a placing of 1,199,999 new
ordinary shares at GBP1 per share
-- GBP178,000 of these new shares are being subscribed for by Directors, showing strong support
Fundraise and Director Purchase of Shares
Alkemy is pleased to announce that it has raised GBP1.2m in an
oversubscribed placing of 1,199,999 new ordinary shares at a
placing price of GBP1 per share.
This includes cash subscriptions of GBP178,000 from the
directors, including Paul Atherley (GBP78,000), Sam Quinn
(GBP75,000) and Helen Pein (GBP25,000).
The net proceeds will be used to further fastrack the
development of TVL's lithium hydroxide processing faclility in
Teesside, UK and for general working capital purposes.
Following the placing, the directors will have the following
shareholdings in the Company:
Number of Shares % of enlarged
capital
Paul Atherley (Chairman) 3,078,000 42.75%
----------------- --------------
Sam Quinn (Director) 325,000 4.51%
----------------- --------------
Helen Pein (Director) 25,000 0.35%
----------------- --------------
An application will be made for 1,199,999 Ordinary Shares to be
admitted to the official list (Standard Segment) and to trading on
the Main Market of the London Stock Exchange ("Admission") and
Admission is expected to occur at 8.00 a.m. on 9 August 2022
("Admission").
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, the Company confirms that following Admission,
the Company's enlarged issued ordinary share capital will comprise
7,199,998 Ordinary Shares each with a right to vote and with no
shares held in treasury . Therefore, following Admission, the above
figure may be used by shareholders in the Company as the
denominator for the calculations to 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.
Grant of Share Options
The Company also announces the proposed grant of 590,000 share
options at GBP1 per share, for a period of 5 years, to further
align Directors and senior management with shareholders. A further
announcement will be made once the options have been granted.
Alkemy and TVL Director, Sam Quinn, commented:
"We are grateful to all the existing and new shareholders who
have contributed to this fundraise, which will help enable the
further fast-tracked development of TVL's lithium hydroxide
processing facility in Teesside, UK. Funds will be used to commence
and advance FEED and to complete the planning process. We
appreciate the ongoing support from all stakeholders and look
forward to a successful year ahead as we move to establish the UK's
first major independent and sustainable lithium hydroxide producer
at the Wilton International Chemicals Park in Teesside, UK".
Further information
For further information, please visit the Company's website:
www.alkemycapital.co.uk or www.teesvalleylithium.co.uk
-Ends-
Alkemy Capital Investments Plc Tel: 0207 317 0636
Sam Quinn info@alkemycapital.co.uk
Buchanan Tel: 0207 466 5000
Bobby Morse/Abigail Gilchrist TVL@buchanan.uk.com
VSA Capital Limited Tel: 0203 005 5000
Andrew Monk (corporate broking) amonk@vsacapital.com
Andrew Raca (corporate finance) araca@vsacapital.com
Shard Capital Partners LLP
Damon Heath Tel: 0207 186 9952
damon.heath@shardcapital.com
Isabella Pierre Tel: 0207 186 9927
isabella.pierre@shardcapital.com
NOTES TO EDITORS
Alkemy is seeking to develop, construct and operate the world's
leading independent and sustainable lithium hydroxide production
facility.
Alkemy, through its wholly-owned subsidiary Tees Valley Lithium,
has secured a 9.6ha brownfields site at the Wilton International
Chemicals Park located in Teesside, a major UK Freeport.
Alkemy has completed a Class 4 Feasibility Study for its
proposed lithium hydroxide facility which will process feedstock
imported from various sources to produce 96,000 tonnes of premium,
low-carbon lithium hydroxide annually, representing around 15% of
Europe's projected demand.
Forward Looking Statements
This news release contains forward--looking information. The
statements are based on reasonable assumptions and expectations of
management and Alkemy provides no assurance that actual events will
meet management's expectations. In certain cases, forward--looking
information may be identified by such terms as "anticipates",
"believes", "could", "estimates", "expects", "may", "shall",
"will", or "would". Although Alkemy believes the expectations
expressed in such forward--looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such factors will also
affect whether Alkemy will ultimately receive the benefits
anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the
forward--looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
forward-looking information.
The Notification of Dealing Form provided in accordance with the
requirements of the Market Abuse Regulation in relation to the
transaction listed above is set out below.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Paul Atherley
--------------------------------------- -------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Chairman
--------------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Alkemy Capital Investments PLC
--------------------------------------- -------------------------------------
b) LEI 213800NW5GVIRMXSRL48
--------------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BMD6C023
b) Nature of the transaction Subscription of shares
--------------------------------------- -------------------------------------
c) Price(s) and volume(s)
---------------- ----------------
Price(s) Volume(s)
---------------- ----------------
GBP1.00 150,000
------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 150,000
- Price GBP150,000
e) Date of the transaction 03/08/2022
--------------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Sam Quinn
--------------------------------------- -------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Alkemy Capital Investments PLC
--------------------------------------- -------------------------------------
b) LEI 213800NW5GVIRMXSRL48
--------------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BMD6C023
b) Nature of the transaction Subscription of shares
--------------------------------------- -------------------------------------
c) Price(s) and volume(s)
---------------- ----------------
Price(s) Volume(s)
---------------- ----------------
GBP1.00 120,000
------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 120,000
- Price GBP120,000
e) Date of the transaction 03/08/2022
--------------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Helen Pein
--------------------------------------- -------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------
a) Position/status Non-Executove Director
--------------------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Alkemy Capital Investments PLC
--------------------------------------- -------------------------------------
b) LEI 213800NW5GVIRMXSRL48
--------------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
financial instrument,
type of instrument
Identification code GB00BMD6C023
b) Nature of the transaction Subscription of shares
--------------------------------------- -------------------------------------
c) Price(s) and volume(s)
---------------- ----------------
Price(s) Volume(s)
---------------- ----------------
GBP1.00 25,000
------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 25,000
- Price GBP25,000
e) Date of the transaction 03/08/2022
--------------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------
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END
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