Arc Minerals Limited Block Admission Application (6427Z)
September 21 2020 - 12:05PM
UK Regulatory
TIDMARCM
RNS Number : 6427Z
Arc Minerals Limited
21 September 2020
21 September 2020
Arc Minerals Ltd
('Arc' or the 'Company')
Block Listing
The Company is pleased to announce that an application has been
made to the London Stock Exchange for a block admission of up to
54,571,854 ordinary shares of no par value in the Company (the "New
Ordinary Shares") to be admitted to trading on AIM ("Admission") in
connection with certain existing warrants over ordinary shares
granted by the Company according to the below table. It is expected
that Admission will occur on or around 25 September 2020.
Number Exercise Expiration
of Warrants Price Date
------------- ----------- ------------
1,000,000 2.25 pence 01 Nov 2022
550,176 2.55 pence 01 Apr 2024
980,584 2.90 pence 16 May 2023
50,000,000 3.00 pence 17 Jun 2022
2,041,094 3.20 pence 17 Jun 2021
54,571,854
=============
The New Ordinary Shares may be issued from time-to-time pursuant
to the exercise of existing warrants. If and when issued, the New
Ordinary Shares will rank pari passu in all respects with the
existing ordinary shares of the Company.
The total number of ordinary shares of no par value in the
Company as at the date of this announcement is 980,628,507. There
are currently no shares held in treasury. The total number of
voting rights in the Company is therefore 980,628,507. 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 Disclosure Guidance and Transparency Rules.
The Company will make six-monthly announcements regarding the
utilisation of the block admission.
The total number of warrants over ordinary shares of the Company
that are outstanding as at the date of this announcement, including
the warrants listed in the table above, is 243,538,235.
For more information visit www.arcminerals.com .
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Soltan Tagiev +44 (0) 20 3470 0470
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END
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