URU Metals Limited Director/PDMR transactions (7211T)
10 January 2017 - 4:00AM
UK Regulatory
TIDMURU
RNS Number : 7211T
URU Metals Limited
09 January 2017
URU Metals Limited
("URU Metals" or "the Company")
Director/PDMR transactions
Further issue of equity
Total voting rights
Following the announcement released earlier today in relation to
the placing of 171,111,110 new Ordinary Shares by the Company, the
Company is pleased to announce that:
-- David Subotic and John Zorbas have now each subscribed for
3,333,333 new Ordinary Shares for a total of 6,666,666 new Ordinary
Shares (the "Subscription Shares"), on the same terms as the
Placing; and
-- it has issued a further 22,222,224 Ordinary Shares in
response to market demand, increasing the total number of Placing
Shares to 193,333,334.
As a result, the Company has now conditionally raised GBP900,000
by the issue of 200,000,000 new Ordinary Shares. The Placing Shares
and the Subscription Shares (together the "New Shares") represent
27.2 per cent. of the enlarged issued share capital of the
Company.
Application for Admission
Application will be made for the New Shares, which will rank
pari passu with the Company's existing Ordinary Shares, to be
admitted to trading on AIM ("Admission"). It is anticipated that
Admission will be effective on 13 January 2017.
Following Admission, the interests of the Directors in the
Company's enlarged share capital will be as follows:
Subscription Total shareholding Per cent.
Shares
David Subotic 3,333,333 21,663,333 2.9
John Zorbas 3,333,333 27,533,333 3.7
Following Admission, Niketo Co.Ltd will be interested in
114,826,897 Ordinary Shares, representing 15.6 per cent. of the
Company's enlarged share capital.
Total voting rights
Following Admission, the Company's share capital will consist of
736,182,603 Ordinary Shares with voting rights. The Company does
not hold any Ordinary Shares in treasury. Therefore, the total
number of voting rights in the Company is 736,182,603. 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 FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
END
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
Northland Capital Partners Limited
(Nominated Adviser and Joint Broker)
Edward Hutton / Matthew Johnson + 44 (0) 203 861 6625
Beaufort Securities
Limited
(Joint Broker)
Jonathan Belliss + 44 (0) 207 382 8300
SVS Securities Plc
(Joint Broker)
Tom Curran +44 (0) 203 700 0093
This information is provided by RNS
The company news service from the London Stock Exchange
END
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