ZincOx Resources PLC Result of General Meeting and Open Offer (3100U)
November 29 2013 - 6:58AM
UK Regulatory
TIDMZOX
RNS Number : 3100U
ZincOx Resources PLC
29 November 2013
29 November 2013
Not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into the United States of
America, Canada, Australia, The Republic of South Africa, Japan,
New Zealand or Russia.
ZincOx Resources plc
("ZincOx" or the "Company")
Result of General Meeting and Open Offer
On 12 November 2013, the Board of ZincOx Resources plc, the
developer of Asia's largest zinc recycling project (AIM:
ZOX),announced details of a proposed Subscription of New Ordinary
Shares, a proposed Placing of New Ordinary Shares and a proposed
Open Offer of New Ordinary Shares to raise up to approximately
GBP5.59 million in total.
At the General Meeting held earlier today, all Resolutions
proposed in connection with the Proposals were passed by
Shareholders.
The Open Offer closed for acceptances at 11.00 a.m. on 27
November 2013. The Company received valid acceptances from
Qualifying Shareholders in respect of 3,620,341 Open Offer Shares,
including applications for 993,932 Open Offer Shares under the
Excess Application Facility. This represents approximately 49 per
cent. of the maximum Open Offer Shares available under the Open
Offer. The Company has therefore raised the gross proceeds of
approximately GBP0.56 million through the Open Offer.
In addition, at an exchange rate of GBP1.00/US$1.6166, the IFC
will subscribe for 15,963,412 Ordinary Shares.
Also following the Resolutions in relation to the Capital
Reorganisation, the nominal value of each Ordinary Share is now 1p
per share.
Application has been made to AIM for the admission of the Open
Offer Shares, the Subscription Shares and the Placing Shares,
aggregating to 32,113,913 New Ordinary Shares of 1p each. It is
expected that Admission will become effective at 8.00 a.m. on 3
December 2013. The New Ordinary Shares, when issued and fully paid,
will rank pari passu in all respects with the Existing Ordinary
Shares of 1p each.
The following table sets out the Directors' shareholding and
percentage interest in the issued share capital of the Company
following Admission, including shares taken up by Directors in the
Open Offer:
Name No. of Existing Placing No. of % of Enlarged No. of New
Ordinary Shares New Ordinary Issued Share Ordinary
Shares as Shares Capital on Shares over
at date on Admission Admission which options
of this are granted
document
------------------ ---------------- -------- -------------- -------------- ---------------
Andrew Woollett 3,773,643 400,000 4,173,643 3.08 1,415,854
------------------ ---------------- -------- -------------- -------------- ---------------
Rod Beddows 122,500 400,000 522,500 0.39 0
------------------ ---------------- -------- -------------- -------------- ---------------
Gautam Dalal 400,000 160,000 560,000 0.41 0
------------------ ---------------- -------- -------------- -------------- ---------------
Jacques Dewalens 71,445 0 71,445 0.05 700,000
------------------ ---------------- -------- -------------- -------------- ---------------
Simon Hall 85,000 0 85,000 0.06 931,318
------------------ ---------------- -------- -------------- -------------- ---------------
The New Ordinary Shares (in uncertificated form) are expected to
be credited to CREST accounts on 3 December 2013 and definitive
share certificates for the New Ordinary Shares (in certificated
form) are expected to be despatched to certificated shareholders by
12 December 2013.
Following Admission of the New Ordinary Shares and in accordance
with Disclosure and Transparency Rules, the Company's issued voting
ordinary share capital is now comprised of 135,580,629 Ordinary
Shares of 1 pence each.
The above figure may be used by shareholders as a 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, ZincOx under the FCA's Disclosure and Transparency Rules.
All defined terms in this announcement shall have the meanings
ascribed to them in the announcement and/or circular published by
the Company on 12 November 2013.
For further information, please visit www.zincox.com or
contact:
ZincOx Resources plc Tel: +44 (0) 1276 45
Andrew Woollett, Executive Chairman 0100
Peel Hunt LLP (Nominated Adviser and Tel: +44 (0) 207 418
Joint Broker) 8900
Richard Kauffer / Daniel Harris / Matthew
Brooke-Hitching
finnCap Limited (Joint Broker) Tel: +44 (0) 207 220
Matthew Robinson / Joanna Weaving 0500
Tavistock Communications (Financial PR) Tel: +44 (0) 207 920
Simon Hudson / Nuala Gallagher 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBLBTTMBATBAJ
Zincox (LSE:ZOX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zincox (LSE:ZOX)
Historical Stock Chart
From Jul 2023 to Jul 2024