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Arc Minerals Limited - Warrant Exercise

RNS Number : 5349Y
Arc Minerals Limited
09 September 2020
 

9 September 2020

Arc Minerals Ltd 

('Arc' or the 'Company')

Warrant Exercise

The Company is pleased to announce that it has today received notification from a warrant holder to exercise warrants over a total of 1,620,586 new Ordinary Shares of no par value in the share capital of the Company (the 'Warrant Shares') at a price of 3 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash consideration of £48,617.58.

 

Total Voting Rights

Application will be made to the London Stock Exchange plc for 1,620,586 new Ordinary Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 15 September 2020. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 1,620,586 new Ordinary Shares the total number of voting rights in the Company will be 980,628,507.

For more information visit www.arcminerals.com.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 7917 2942

 

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Soltan Tagiev

 

+44 (0) 20 3470 0470

 

 

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Quick facts: Arc Minerals Limited

Price: 4.1

Market: AIM
Market Cap: £40.21 m
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