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Subscription for shares under the Company’s Share Appreciation Rights Scheme

Subscription for shares under the Company’s Share Appreciation Rights Scheme

Vast Resources plc
(“Vast” or the “Company”)

Subscription for shares under the Company’s Share Appreciation Rights Scheme

Vast Resources plc, the AIM-listed mining company, announces that further to the award of rights under the Company’s Share Appreciation Rights Scheme (the ‘Scheme’) announced on 5 November 2019 a participant has on 7 November exercised rights to subscribe for 20,000,000 Ordinary Shares (the ‘Subscription Shares’) in the Company at a price of 0.25p per share.

£50,000 has been received by this Company in respect of this subscription.

The issue of the Subscription Shares is conditional on their admission to trading on AIM ("Admission").  Application is being made for the Subscription Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealing in the Subscription Shares will commence on or around 13 November 2019.  The Subscription Shares will rank pari passu with existing Ordinary Shares.

Following Admission, the total issued share capital of the Company will be 10,273,082,366.  The above figure of 10,273,082,366 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 Vast under the FCA's Disclosure and Transparency Rule.

**ENDS**

For further information, visit www.vastplc.com or please contact:

Vast Resources plc
Andrew Prelea (Chief Executive Officer)
Andrew Hall

 

 
www.vastplc.com
+44 (0) 1491 615 232
Beaumont Cornish - Financial & Nominated Adviser 
Roland Cornish 
James Biddle

 
www.beaumontcornish.com
+44 (0) 020 7628 3396
SP Angel Corporate Finance LLP – Broker
Richard Morrison
Caroline Rowe

 
www.spangel.co.uk
 +44 (0) 20 3470 0470

Blytheweigh
Tim Blythe
Megan Ray

 
www.blytheweigh.com 
+44 (0) 20 7138 3204

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC

Vast Resources plc, is an AIM listed mining company with mines in Romania and Zimbabwe focused on the rapid advancement of high quality brownfield projects by recommencing production at previously producing mines in Romania and commencement of the joint venture mining agreement on the Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe.

The Company’s portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards developing and recommissioning the mine on completion of funding and the commencement of the of the Community Concession Block in Chiadzwa, Zimbabwe

Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance.    

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Quick facts: Vast Resources PLC

Price: 0.27

Market: AIM
Market Cap: £27.74 m
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on 24/10/19