URU Metals Limited Exercise of Options (7988C)
April 20 2017 - 1:01AM
UK Regulatory
TIDMURU
RNS Number : 7988C
URU Metals Limited
20 April 2017
URU Metals Limited
("URU Metals" or "the Company")
Exercise of Options
Notification of Major Interest in Shares
Further to the announcement of 19 April 2107, URU Metals
(AIM:URU), the base metals and uranium explorer and development
company, announces that the board of the Company has issued and
allotted 3,000,000 new Ordinary Shares to John Zorbas, the
Company's Chief Executive Officer, following the exercise of
options granted to him in May 2014 and exercisable at a price of 2p
per share ("the Option Shares") .
Following the issue of the Option Shares, John Zorbas is
interested in 31,644,444 Ordinary Shares, representing 4.08 per
cent. of the Company's enlarged issued share capital.
Application will be made for the Option Shares, which rank pari
passu with the Company's existing Ordinary Shares, to be admitted
to trading on AIM ("Admission"). It is anticipated that Admission
will be effective on or around 26 April 2017.
Total voting rights
Following the issue of the Option Shares, the Company's share
capital consists of 775,571,488 Ordinary Shares with voting rights.
The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company is
775,571,488. 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 FCA's Disclosure Guidance and
Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
END
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
Northland Capital Partners Limited
(Nominated Adviser and Joint Broker)
Edward Hutton / Matthew Johnson + 44 (0) 203 861 6625
Beaufort Securities
Limited
(Joint Broker)
Jonathan Belliss + 44 (0) 207 382 8300
SVS Securities Plc
(Joint Broker)
Tom Curran +44 (0) 203 700 0093
This information is provided by RNS
The company news service from the London Stock Exchange
END
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