Vast Resources plc Subscription For Shares Under The Company's Share Appreciation Rights Scheme
08 November 2019 - 2:46AM
UK Regulatory
TIDMVAST
Vast Resources plc
("Vast" or the "Company")
Subscription for shares under the Company's Share Appreciation Rights
Scheme
Vast Resources plc, the AIM-listed mining company, announces that
further to the award of rights under the Company's Share Appreciation
Rights Scheme (the 'Scheme') announced on 5 November 2019 a participant
has on 7 November exercised rights to subscribe for 20,000,000 Ordinary
Shares (the 'Subscription Shares') in the Company at a price of 0.25p
per share.
GBP50,000 has been received by this Company in respect of this
subscription.
The issue of the Subscription Shares is conditional on their admission
to trading on AIM ("Admission"). Application is being made for the
Subscription Shares to be admitted to trading on AIM and it is expected
that Admission will become effective and dealing in the Subscription
Shares will commence on or around 13 November 2019. The Subscription
Shares will rank pari passu with existing Ordinary Shares.
Following Admission, the total issued share capital of the Company will
be 10,273,082,366. The above figure of 10,273,082,366 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 Vast under
the FCA's Disclosure and Transparency Rule.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc www.vastplc.com
Andrew Prelea (Chief Executive +44 (0) 1491 615 232
Officer)
Andrew Hall
Beaumont Cornish - Financial & www.beaumontcornish.com
Nominated Adviser +44 (0) 020 7628 3396
Roland Cornish
James Biddle
SP Angel Corporate Finance LLP www.spangel.co.uk
-- Broker +44 (0) 20 3470 0470
Richard Morrison
Caroline Rowe
Blytheweigh www.blytheweigh.com
Tim Blythe +44 (0) 20 7138 3204
Megan Ray
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").
ABOUT VAST RESOURCES PLC
Vast Resources plc, is an AIM listed mining company with mines in
Romania and Zimbabwe focused on the rapid advancement of high quality
brownfield projects by recommencing production at previously producing
mines in Romania and commencement of the joint venture mining agreement
on the Community Concession Block of the Chiadzwa Diamond Fields in
Zimbabwe.
The Company's portfolio includes an 80% interest in the Baita Plai
Polymetallic Mine in Romania, where work is currently underway towards
developing and recommissioning the mine on completion of funding and the
commencement of the of the Community Concession Block in Chiadzwa,
Zimbabwe
Vast Resources owns the Manaila Polymetallic Mine in Romania, which was
commissioned in 2015, currently on care and maintenance.
Attachment
-- Subscription for shares under the Company's Share Appreciation Rights
Scheme
https://ml-eu.globenewswire.com/Resource/Download/57e95123-8329-4298-a1ad-f4a9c1fb1aa2
(END) Dow Jones Newswires
November 07, 2019 10:46 ET (15:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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