Equity Issued !!!1 Oct 2023 21:17
Get ready. They boys have their shares in pocket now.
Let the news flow begin.
Options can be paid out at £5.00 over a 10 day period !!! With such a small amount in issue ALK could easily take out £5.00 on take off news or JOINT VENTURE ....
"29 September 2023
Alkemy Capital Investments Plc
Completion of Director Equity Participation at £1.40 per Share
Further to its announcement on 31 May 2023 in relation to its £1.35m fundraise and director participation (the "May Fundraise"), Alkemy Capital Investments plc ("Alkemy" or the "Company") (ALK:LSE) (JV2:FRA) announces that on or around 5 October 2023 it will issue 657,711 new ordinary shares to Paul Atherley in full repayment of the interest free stock loan that was provided to the Company by Mr Atherley in order to facilitate the May Fundraise (the "Stock Loan Repayment Shares").
In addition, on the same date, the Company will repay in full the £330,000 unsecured, interest free loan provided to the Company by Mr Atherley and the £100,000 unsecured, interest free loan provided to the Company by Sam Quinn at the time of the May Fundraise (noting Mr Atherley and Mr Quinn were unable to participate directly in the May Fundraise as doing so would have triggered a mandatory offer for the Company under the City Code on Takeovers and Mergers).
As agreed at the time, Mr Atherley and Mr Quinn will apply such amounts to be repaid to them to subscribe for 235,714 new ordinary shares to be issued by the Company in the case of Mr Atherley and 71,428 new ordinary shares to be issued by the Company in the case of Mr Quinn, in each case at a price of £1.40, being the placing price of the May Fundraise (the "IFL Repayment Shares" and together with the Stock Loan Repayment Shares, the "New Shares").
The Company will apply for admission of all such New Shares to listing on the standard segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the Main Market of the London Stock Exchange ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 5 October 2023.
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 8,164,851 ordinary shares each with a right to vote and with no shares held in treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to 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.
Further information
For further information, please visit the Company's website: www.alkemycapital.co.uk or www.teesvalleylithium.co.uk
-Ends-
Alkemy Capital Investments Plc
Tel: 0207 317 0636
info@alkemycapital.co.uk"
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