RNS1 Oct 2021 08:34
RNS Number : 6232N
Armadale Capital PLC
01 October 2021
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
1 October 2021
Armadale Capital Plc
('Armadale' or 'the Company')
Issue of equity under block admission arrangements
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, announces that, during September 2021, it has received exercise notices for a total of 4,122,222 warrants to subscribe for ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), at exercise prices of 2.2 pence (1,900,000 warrants), 3 pence (1,222,222 warrants) and 3.25 pence (1,000,000 warrants) per Ordinary Share, raising a total of GBP110,967. Accordingly, pursuant to the block admission arrangements announced on 18 June 2020 and 28 June 2021, it has issued 4,122,222 Ordinary Shares which rank pari passu with the Company's existing Ordinary Shares.
Following the issue of these new Ordinary Shares, the Company's total issued share capital consists of 535,881,633 Ordinary Shares with no shares held in Treasury. This figure may be used as the denominator for the calculations by which shareholders can determine if they are required to notify their interest in, or a change to their interest in, the Company.