6 May
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
DIRECTORS’ SHARE
DEALINGS
Altona (AQSE: ANR.PL), a mining exploration company with a focus
on Rare Earth Element (“REE”) mining projects in Africa, announces that service companies
controlled by the following Directors have received shares in lieu
of fees amounting to 348,766 ordinary shares in the Company, by way
of a new share issue, at 11.5p, the closing market price on
5 May 2021. Fees to directors or
their service companies may continue to be paid in shares depending
on the cash flow requirements of the Company.
-
Christian Taylor-Wilkinson, Chief
Executive, was issued 260,870 shares, and
-
Cedric Simonet Non-Executive Director, was issued 87,896
shares
Admission and Total Voting Rights
Application has been made for the 348,766 shares, which will
rank pari passu with the Company's existing
Ordinary Shares, to be admitted to trading on Aquis Stock Exchange
("Admission"). It is anticipated that Admission will become
effective at 8.00 a.m. on 8 May
2021.
On Admission of the new shares, Mr Taylor-Wilkinson will hold a
total interest in 1,845,810 shares, or 9.2% in the Company, and Mr
Simonet will hold an interest in 281,511 shares, or 1.4% in the
Company.
Following this issue of shares of 348,766, which will
rank pari passu with the Company's existing
Ordinary Shares, and the adjustment in respect of the shares issued
in lieu of payment for services, the Company’s enlarged share
capital and total voting rights in the Company will comprise
20,117,362. The Company has no shares held in Treasury. This
figure of 20,117,362 ordinary shares 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 in their interest in, the share capital of the Company
under the FCA’s Disclosure and Transparency Rules.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Rare Earths Plc
Christian Taylor-Wilkinson, Chief
Executive
+44 (0) 7795 168 157
Martin Wood, Non-Executive
Chairman
+44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate
Adviser )
Jon Isaacs / Nick
Michaels
+44 (0) 20 3772 0021
Company Information
Altona is an exploration and mining company focused on the
evaluation, development and extraction of rare earth metals in
Central and East Africa.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to
Aquis Stock Exchange on 1 February 2019. A copy of its
admission documents dated 4 March
2005 can be accessed on its website,
www.altonaenergy.com. This website is where items can be
inspected under Rule 4.14 of the AQSE Growth Market Access
Rulebook. A new Company website is currently under construction at
www.altonare.com