Herencia Resources PLC Issue of Equity - Concert Party Update (0481N)
August 03 2017 - 6:13AM
UK Regulatory
TIDMHER
RNS Number : 0481N
Herencia Resources PLC
03 August 2017
Herencia Resources plc
("Herencia" or the "Company")
Issue of Equity
Concert Party Update
Herencia (AIM: HER) announces that The Australian Special
Opportunity Fund, LP, managed by The Lind Partners, LLC, ("Lind")
exercised its right to convert $120,000 of convertible loan notes
into shares at an exercise price of GBP0.0001 ("Conversion").
Pursuant to the Conversion, 931,178,173 ordinary shares of 0.01p
each ("New Ordinary Shares") have been issued and are to be
admitted to trading on AIM.
Application has been made for the new Ordinary Shares to be
admitted to trading on AIM (the "Admission"), and dealings in the
new Ordinary Shares are expected to commence on or around 9 August
2017.
Following the issue of the New Ordinary Shares as a result of
the Conversion the total number of Ordinary Shares in issue is
9,031,001,360. There are no Ordinary Shares held in treasury.
Therefore, the total number of voting rights in the Company is
9,031,001,360. 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 under the Disclosure and Transparency
Rules.
Concert Party Update
Following the date of admission of the New Ordinary Shares Lind
have confirmed they hold 1,851,881,731 Ordinary Shares representing
20.51% of the issued share capital of the Company.
In addition, the Company has agreed with the Takeover Panel that
Lind is acting in concert with the following individuals/entities,
who were introduced by Lind at the previous placing on 27 April
2017.
1. Mr. John Hancock (0.25%)
2. Mr Martin Rogers (0.62%)
3. Abundance Partners LP (1.43%)
(together, with Lind, the "Concert Party")
The Concert Party now have a total in interest in
205,894,2842Ordinary Shares, representing 22.80%% of the issued
share capital of the Company.
In addition, as set out on 19 October 2016, if Lind Partners was
to convert all its convertible interests in the Company, including
those interests set out in this announcement, then its total
holding would be 3,920,559,731Ordinary Shares representing 43.41%
of the total issued share capital of the Company and, with the
Concert Party 45.57% of the issued share capital of the
Company.
For Further Information please contact:
Peter Reeve, Herencia Resources plc +61 3 9516 6500
Jeff Williams, Herencia Resources plc +61 3 9516 6500
Katy Mitchell/James Sinclair-Ford, WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss, Beaufort Securities Limited (UK) +44 207 382
8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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