URU Metals Limited Director/PDMR Transactions (7762W)
14 February 2017 - 6:00PM
UK Regulatory
TIDMURU
RNS Number : 7762W
URU Metals Limited
14 February 2017
URU Metals Limited
("URU Metals" or "the Company")
Director/PDMR transactions
Total Voting Rights
Following the announcement released yesterday in relation to the
placing of 11,888,888 new Ordinary Shares by the Company, URU
Metals is pleased to announce that John Zorbas and Jay Vieira, have
now subscribed for 1,111,111 and 444,444 new Ordinary Shares for a
total of 1,555,555 new Ordinary Shares (the "Subscription Shares"),
on the same terms as the Placing.
As a result, the Company has now conditionally raised GBP605,000
by the issue of 13,444,443 new Ordinary Shares. The Placing Shares
and the Subscription Shares (together the "New Shares") represent
1.85 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 17 February 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
John Zorbas 1,111,111 28,644,444 3.0
Jay Vieira 444,444 2,444,444 0.3
Following Admission, Niketo Co.Ltd will be interested in
116,826,897 Ordinary Shares, representing 16.1 per cent. of the
Company's enlarged share capital.
Total voting rights
Following Admission, the Company's share capital will consist of
727,404,822 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 727,404,822. 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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