Egdon Resources PLC Exercise of Warrants, Issue of New Shares and TVR (3629K)
05 May 2022 - 4:00PM
UK Regulatory
TIDMEDR
RNS Number : 3629K
Egdon Resources PLC
05 May 2022
5 May 2022
EGDON RESOURCES PLC
("Egdon" or "the Company")
Exercise of Warrants, Issue of New Shares and Total Voting
Rights
Egdon Resources plc (AIM:EDR) has received notice of the
exercise of Warrants and can advise the issue of new Ordinary
Shares of 1p each in the Company ("Ordinary Shares") as
follows.
The Warrants
In July 2021 the Company raised GBP1.44 million through the
issue of 115,228,000 new Ordinary Shares at a price of 1.25 pence
per share. In addition, each two Subscription Shares were granted a
right to subscribe for one new Ordinary Share at a price of 2.5
pence per share, (the "Warrant").
Exercise of Warrants and Issue of New Ordinary Shares
Number of Warrants Number of 1p new Consideration
being reported Ordinary Shares Received at
as Exercised issued 2.5p per share
400,000 400,000 GBP10,000.00
----------------- ----------------
Application for Admission of New Ordinary Shares to AIM
An application has been made to the London Stock Exchange for
the new Ordinary Shares to be admitted to trading on the AIM Market
of the London Stock Exchange with admission expected to become
effective on or around 10 May 2022.
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares in all respects.
Outstanding Warrants
Following the exercise of the Warrants reported above 50,399,000
Warrants remain outstanding and are exercisable at any time until
23 July 2023.
Total Voting Rights
Following admission of the new Ordinary Shares on or around 10
May 2022 the issued share capital of the Company will be
523,992,031 Ordinary Shares, each with voting rights. 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, under
the Disclosure and Transparency Rules.
For further information please contact:
Egdon Resources plc
Mark Abbott, Martin Durham 01256 702 292
Buchanan
Ben Romney, Jon Krinks 020 7466 5000
Nominated Adviser & Joint Broker - WH Ireland Limited
Chris Hardie, Megan Liddell 020 7220 1666
Joint Broker & Financial Advisors - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain
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END
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