Arc Minerals Limited Share Buyback and associated cancellation
08 April 2024 - 7:01PM
RNS Regulatory News
RNS Number : 6748J
Arc Minerals Limited
08 April 2024
Arc Minerals
Ltd
('Arc' or the
'Company')
Share Buyback and associated
cancellation of ordinary shares: Update
Total Voting
Rights
The Company provides an update
following the successful completion of the Share Buyback announced
on 26 March 2024. Due to administrative delays it is now
anticipated that the cancellation of 22,539,746 ordinary shares of
no par value each (the "Buyback Shares") will now take place on or
around 22 April 2024, instead of 4 April 2024 as previously
announced. Pending the cancellation of the Buyback Shares, the
Buyback Shares will now be held in Treasury.
There are a total of 22,539,746
Ordinary Shares held in Treasury by the Company.
Total Voting Rights Update
The current total
number of Ordinary Shares in the capital of the
Company in issue is 1,446,014,263 with associated voting rights, with a further 22,539,747
ordinary shares, being the Buyback Shares, now held in
Treasury.
The Company confirms that following
the cancellation of the Buyback Shares on or around 22 April 2024,
the total number of Ordinary Shares in the capital of the Company
in issue will be 1,446,014,263 with associated voting rights with no ordinary shares held in
Treasury. This figure 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's share capital pursuant to the Company's
articles of association.
As a result of the cancellation of
the Buyback Shares, each shareholders' percentage shareholding will
increase and accordingly, each shareholder should ensure that they
comply with their obligations under Article 24.1 of the Company's
Articles of Association (which can be found on the Company's
website at https://www.arcminerals.com)
to disclose interests in the total voting rights of the
Company.
Contacts
Arc
Minerals Ltd
Nick von Schirnding (Executive
Chairman)
|
+44 (0) 20 7917 2942
|
WH
Ireland Limited (Nomad and Broker)
Harry Ansell / Katy
Mitchell
|
+44 (0) 20 7220 1666
|
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