Bens Creek Group PLC Exercise of warrants (6641T)
November 26 2021 - 1:00AM
UK Regulatory
TIDMBEN
RNS Number : 6641T
Bens Creek Group PLC
26 November 2021
26 November 2021
Bens Creek Group plc
("Bens Creek" or the "Group")
Exercise of warrants and change to total voting rights
Bens Creek Group plc (AIM:BEN), the owner of a metallurgical
coal mine in North America supplying the steel industry, announces
that it has received notice of exercise for warrants to subscribe
for 1,500,000 new ordinary shares of 0.10 pence each in the Company
("Ordinary Shares") at a price of 10 pence per new Ordinary Share.
The warrants were issued to Optiva Securities Limited as part of
broking fees for the placing announced on 15 October 2021 and
represents the price of the shares at the time of placing. The
exercise of these warrants will generate proceeds of GBP150,000 for
the Group.
Application has been made for the 1,500,000 new Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or around 3 December 2021.
Upon Admission, the Company's issued share capital will consist
of 351,700,000 Ordinary Shares with one voting right each. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares and voting rights in the
Company will be 351,700,000. With effect from Admission, this
figure 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 to their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
For further information please contact:
Bens Creek Group plc
Adam Wilson, CEO
Raju Haldankar, CFO +44 (0) 204 558 2300
Allenby Capital Limited (Nominated Adviser
and Joint Broker)
Nick Athanas
Nick Naylor
George Payne +44 (0) 203 328 5656
Optiva Securities Limited (Joint Broker)
Christian Dennis
Jeremy King
Daniel Ingram +44 (0) 203 137 1902
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END
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