RE: RNS12 Feb 2021 08:45
Oriole Resources Plc
GBX 1.600
0.000 (0.00%)
Last updated 08:23
Oriole Resources PLC - Exercise of Warrants and Total Voting Rights
12th February 2021, 07:00
RNS Number : 8738O
Oriole Resources PLC
12 February 2021
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants and Total Voting Rights
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa announces that, following an exercise of warrants over ordinary shares in the Company (the 'Exercise'), application has been made for 16,875,000 new ordinary shares of 0.1p each ('Ordinary Shares') in the Company to be admitted to trading on AIM on 17 February 2021 ('Admission'). The exercise prices of the warrants are as set out below:
Instrument
Exercise Price (pence)
Number of New Ordinary Shares to be admitted
Warrants
0.68
16,875,000
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, a total of 239,531,832 warrants and 82,476,246 options over Ordinary Shares (representing approximately 20.8 per cent. of the Company's enlarged issued share capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be 1,545,570,310 Ordinary Shares. This figure of 1,545,570,310 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, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
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. Following the publication of this announcement, this inside information is now considered to be in the public domain.
** ENDS **