TIDMHER
RNS Number : 8853A
Herencia Resources PLC
03 January 2018
Herencia Resources plc
("Herencia" or the "Company")
Notice of Conversion of Convertible Notes into Ordinary
Shares
Further to the RNS dated 5 April 2016, the Company (AIM: HER)
wishes to inform the market that Lind Partners ("LIND") and Darius
Oriental ("ORIENTAL") exercised their rights to convert US$240,000
of convertible loan notes into Ordinary Shares at an exercise price
of GBP0.0002 ("Conversion") and US$60,000 at Conversion of
GBP0.0003. Pursuant to the Conversion, the Company will issue
837,853,147 ordinary Shares for convertible notes with conversion
rights at 0.02 pence per Ordinary Share and 209,463,844 Ordinary
Shares for convertible notes with conversion rights at 0.03 pence
per Ordinary Share.
LIND will be issued 523,760,100 Ordinary Shares for conversion
of its convertible notes and ORIENTAL will be issued 523,756,333
Ordinary Shares for the conversion of its convertible notes.
Application has been made for the new Ordinary Shares to be
admitted to trading on AIM (the "Admission"), and dealings in the
new Ordinary Shares are expected to commence on or around 10
January 2018.
Following the issue of the New Ordinary Shares of the Conversion
the total number of Ordinary Shares on issue in the Company will be
10,658,517,793. There are no Ordinary Shares held in treasury.
Therefore, the total number of voting rights in the Company is
10,658,517,793. This figure may be used by shareholders in the
Company 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 under the Disclosure and Transparency
Rules.
Notification of LIND Interest
With the conversion of convertible notes into Ordinary Shares
set out above, LIND will hold 2,519,392,831 Ordinary Shares
representing 23.64% of the issued share capital of the Company.
In addition, the Company has agreed with the Takeover Panel that
LIND is acting in concert with the following individuals/entities,
who were introduced by LIND at the placement on 27 April 2017 and
hold 207,261,111 Ordinary Shares:
1. Mr. John Hancock;
2. Mr Martin Rogers, and
3. Abundance Partners LP .
(together, with LIND, the "Concert Party").
The Concert Party now have a total in interest in 2,726,652,942
Ordinary Shares, representing 25.58% of the issued share capital of
the Company.
As set out on 19 October 2016, if LIND Partners was to convert
all its convertible interests in the Company, its shareholding will
increase from 2,519,392,831 to 4,046,309,731 Ordinary Shares. This
shareholding will represent 38.13% of the total issued share
capital of the Company and, with the Concert Party its shareholding
will increase from 2,726,652,942 Ordinary Shares to 4,253,569,842
Ordinary Shares which will represent 40.06% of the issued share
capital of the Company.
Notification of ORIENTAL Interest
With the conversion of convertible notes into Ordinary Shares
set out above, ORIENTAL will hold 2,371,298,341 Ordinary Shares,
representing approximately 22.25% of the issued share capital of
the Company.
As set out on 19 October 2016, if ORIENTAL was to convert all
its convertible interests in the Company, its shareholding will
increase from 2,371,298,341 Ordinary Shares to 3,894,547,313
Ordinary Shares. This shareholding will represent 36.54% of the
total issued share capital of the Company.
Further background details on the Company can be found at
www.herenciaresources.com.
For further information please contact:
For Herencia Resources plc:
Peter Reeve +61 8 9481 4204
Jeff Williams +61 8 9481 4204
For WH Ireland Limited (Nominated Advisor):
Katy Mitchell, +44 161 832 2174
For Beaufort Securities Limited
Jon Belliss +44 207 382 8300
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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