17 Jan 2014 16:30
Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development
17 January 2014
Alecto Minerals plc ('Alecto' or 'the Company')
Share Capital Reorganisation
Alecto Minerals plc (AIM: ALO), the AIM quoted mining exploration company focusing on West and East Africa, recently completed a share capital reorganisation that was approved at the General Meeting on 8 January 2014.
The share capital reorganisation was to sub-divide and re-designate each of the issued ordinary shares of 0.7p each in the capital of the Company into sixty-nine deferred shares of 0.01p each ("Deferred Share") and one ordinary share of 0.01p each ("New Ordinary Shares"). Immediately following the sub-division and re-designation, shareholders will hold one New Ordinary Share of 0.01p and sixty-nine Deferred Shares in place of every one existing ordinary share of 0.7p each previously held in the capital of the Company. The rights of the New Ordinary Shares will be in all material respects the same as the ordinary shares.
Application has been made for the New Ordinary Share be admitted to trading on AIM and it is anticipated that dealings will commence on 23 January 2014 ('Admission'). On Admission, the Company will have 688,918,775 ordinary shares of 0.01p each in issue ('Ordinary Shares').
**ENDS**
For further information, please visit www.alectominerals.com or contact:
Mark Jones Alecto Minerals plc Tel: 020 3137 8862
Jonathan Evans Fox-Davies Capital Ltd Tel: 020 3463 5000
Jon Belliss XCAP Securities plc Tel: 020 7101 7070
Abigail Wayne XCAP Securities plc Tel: 020 7101 7070
Elisabeth Cowell St Brides Media & Finance Ltd Tel: 020 7236 1177
Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7236 1177