TIDMMNRG

RNS Number : 6981A

MetalNRG PLC

03 June 2021

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("EUWA")) ("UK MAR").

3(rd) June 2021

METALNRG plc

("MetalNRG" or the "Company")

Issue of Equity and Officer's Shareholding

MetalNRG plc, (LON:MNRG), the natural resource investing and exploration company, announces that, pursuant to the award of a bonus to Windell Callaghan, MetalNRG's CFO, the Company has issued and allotted to Windell Callaghan, 775,862 new ordinary shares of 0.01p each in the capital of the Company (the "New Shares") at a subscription price of 0.58 pence per share being equal to the mid-market price of MetalNRG Ordinary Shares at the close of business on 25(th) May 2021.

Following the issue of the New Shares, Windell Callaghan's shareholding is as follows:

 
Officer               Ordinary Shares  % of    New        Ordinary Shares  % of 
                       prior to the     ISC     Shares     post issue of    ISC 
                       issue                    issued     New Shares 
                       of New Shares 
 
  Windell Callaghan     2,000,000        0.21    775,862    2,775,862        0.29 
                      ---------------  ------  ---------  ---------------  ------

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 10(th) June 2021.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 952,895,059 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

 
 1.   Details of PDMR / person closely associated 
 a)   Name                                              Windell Callaghan 
     ------------------------------------------------  -------------------------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                 Chief Financial Officer 
     ------------------------------------------------  -------------------------------------------------------- 
 b)   Initial notification /amendment                   Initial notification 
     ------------------------------------------------  -------------------------------------------------------- 
 3.   Details of the issuer 
     ---------------------------------------------------------------------------------------------------------- 
 a)   Name                                              MetalNRG plc 
     ------------------------------------------------  -------------------------------------------------------- 
 b)   LEI                                               2138003C24H79U5QZH21 
     ------------------------------------------------  -------------------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 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 financial instrument           Ordinary Shares of nominal value 0.01 pence each 
     ------------------------------------------------  -------------------------------------------------------- 
 b)   Identification code of the Financial Instrument   ISIN for MetalNRG plc: GB00B15FS791 
     ------------------------------------------------  -------------------------------------------------------- 
 c)   Nature of the transaction                         Issue of bonus award in Ordinary Shares in MetalNRG plc 
     ------------------------------------------------  -------------------------------------------------------- 
 d)   Price(s) and volume(s)                             Price(s)     Volume(s) 
                                                          GBP0.0058    775,862 
     ------------------------------------------------  -------------------------------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                                775,862 
       - Price                                            GBP0.0058 
     ------------------------------------------------  -------------------------------------------------------- 
 f)   Date of the transaction                           27 May 2021 
     ------------------------------------------------  -------------------------------------------------------- 
 g)   Place of the transaction                          LONDON 
     ------------------------------------------------  --------------------------------------------------------

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

 
 MetalNRG PLC 
  Christopher Latilla-Campbell     +44 (0) 20 7796 9060 
 Corporate Adviser 
  PETERHOUSE CAPITAL LIMITED 
  Lucy Williams/Duncan Vasey       +44 (0) 20 7469 0930 
                                 ---------------------- 
 Corporate Broker 
  SI CAPITAL 
  Nick Emerson                     +44 (0) 1483 413500 
                                 ----------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEDZGGVKFNGMZG

(END) Dow Jones Newswires

June 03, 2021 02:00 ET (06:00 GMT)

Metalnrg (LSE:MNRG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Metalnrg Charts.
Metalnrg (LSE:MNRG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Metalnrg Charts.