Company Announcements

Issue of Shares

Source: RNS
RNS Number : 1321A
Arc Minerals Limited
12 August 2024
 

12 August 2024

Arc Minerals Ltd

('Arc' or the 'Company')

Issue of Shares

 

Arc Minerals announces that is has issued 2,094,000 new ordinary shares of no par value in the share capital of the Company ("Ordinary Shares") to creditors at a price per share of 1.7498 in lieu of cash for services rendered to the Company ("Consideration Shares").

 

Application will be made to the London Stock Exchange plc for the 2,094,000 Consideration Shares to be admitted to trading on AIM ("Admission") with Admission expected to occur on or around 16 August 2024. 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 Consideration Shares the total number of voting rights in the Company will be 1,448,108,263.

 

 

For further information contact:

Arc Minerals Ltd                                                             

Nick von Schirnding (Executive Chairman)           

 

 

c/o Benchmark Communications



WH Ireland (Nominated Adviser & Joint Broker)

Katy Mitchell/Harry Ansell

 

Tel: +44 (0) 20 7220 1666



Shard Capital Partners LLP (Joint Broker)

Damon Heath

 

Tel: +44 (0) 20 7186 9952



Benchmark Communications (Investor Relations)

Richard Kauffer

 

Tel: +44 (0) 7841 67 3210

                                                  

For more information, visit www.arcminerals.com.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEBXGDIBUBDGSD