Arc Minerals Limited Warrant Exercise (5349Y)
10 September 2020 - 2:21AM
UK Regulatory
TIDMARCM
RNS Number : 5349Y
Arc Minerals Limited
09 September 2020
9 September 2020
Arc Minerals Ltd
('Arc' or the 'Company')
Warrant Exercise
The Company is pleased to announce that it has today received
notification from a warrant holder to exercise warrants over a
total of 1,620,586 new Ordinary Shares of no par value in the share
capital of the Company (the 'Warrant Shares') at a price of 3 pence
per share. Accordingly, the Company has today issued the New
Ordinary Shares to the warrant holder for an aggregate cash
consideration of GBP48,617.58.
Total Voting Rights
Application will be made to the London Stock Exchange plc for
1,620,586 new Ordinary Shares to be admitted to trading on the AIM
market ("Admission") with Admission expected to occur on or around
15 September 2020. The new Ordinary Shares will rank pari passu in
all respects with the existing Ordinary Shares including the right
to receive any dividend or other distribution thereafter declared,
made or paid. There are no Ordinary Shares held in treasury.
Following Admission of the 1,620,586 new Ordinary Shares the total
number of voting rights in the Company will be 980,628,507.
For more information visit www.arcminerals.com .
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Soltan Tagiev +44 (0) 20 3470 0470
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END
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