Arc Minerals Limited Option Exercise (9857X)
May 07 2021 - 10:52AM
UK Regulatory
TIDMARCM
RNS Number : 9857X
Arc Minerals Limited
07 May 2021
7 May 2021
Arc Minerals Ltd
('Arc' or the 'Company')
Option Exercise
The Company announces that it has received notice from a former
director of the Company to exercise options over a total of 500,000
new Ordinary Shares of no par value in the share capital of the
Company (the "Option Shares") at a price of 5 pence per share.
These options were due to expire on 12 May 2021. Accordingly, the
Company has today issued the New Ordinary Shares for an aggregate
cash consideration of GBP25,000.
Total Voting Rights
Application will be made to the London Stock Exchange plc for
500,000 Option Shares to be admitted to trading on the AIM market
("Admission") with Admission expected to occur on or around 13 May
2021. The Option Shares will rank pari passu in all respects with
the existing Ordinary Shares including the right to receive any
dividend or other distribution thereafter declared, made or paid.
There are no Ordinary Shares held in treasury. Following Admission
of the 500,000 Option Shares the total number of voting rights in
the Company will be 1,104,141,762.
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
& Joint Broker)
Ewan Leggat / Adam Cowl +44 (0) 20 3470 0470
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell +44 (0) 20 7220 1666
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END
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