Cradle Arc PLC Conversion of Loan Notes & Total Voting Rights (0793E)
February 06 2018 - 10:30AM
UK Regulatory
TIDMCRA
RNS Number : 0793E
Cradle Arc PLC
06 February 2018
Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining
6 February 2018
Cradle Arc plc
("Cradle Arc" or the "Company")
Conversion of Loan Notes & Total Voting Rights
Cradle Arc, the African focused base and precious metals
exploration and production company, announces that a holder (the
"Noteholder") of certain of the convertible loan notes issued by
the Company on 2 June 2017 (the "Notes") has elected to convert its
Notes into new ordinary shares of GBP0.0001 each in the capital of
the Company ("Ordinary Shares") under the terms of the Notes.
Accordingly, 1,275,510 new Ordinary Shares (the "Conversion
Shares") have been issued to the Noteholder at a price of 7.84
pence per share in accordance with the terms of the Notes.
Total Voting Rights
Application has been made for the admission of the Conversion
Shares to trading on AIM, with such admission expected to become
effective at 8.00 a.m. on 12 February 2018. Following admission,
the share capital of the Company will comprise 205,865,861 Ordinary
Shares and, accordingly, the total number of voting rights will be
205,865,861.
The above figure may be used by shareholders as the denominator
for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest
in, Cradle Arc under the FCA's Disclosure Guidance and Transparency
Rules.
For further information, please visit www.cradlearc.com or
contact:
Cradle Arc plc Tel: +44 (0)20 7499 5881
Kevin van Wouw
Mark Jones
Strand Hanson Limited Tel: +44 (0)20 7409 3494
Angela Hallett
Matthew Chandler
James Dance
Beaufort Securities Limited Tel: +44 (0)20 7382 8300
Jon Belliss
Tamesis Partners LLP Tel: +44 (0)20 3882 2868
Richard Greenfield
St Brides Partners Limited Tel: +44 (0)20 7236 1177
Charlotte Page
Susie Geliher
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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