Last checked at 11 Apr 2012 10:33
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Hambledon Mining plc ("Hambledon" or the "Company")
Equity investment by the European Bank for Reconstruction and Development ("EBRD")
11 April 2012
Further to the announcement made on 5 April 2012, the Company announces that it has received payment of US$3 million from EBRD under the Subscription Agreement between the Company and EBRD.
As a result, 58,794,708 new ordinary shares will be allotted and issued to EBRD. Application has been made to admit these shares to trading on AIM and it is expected that admission will occur at 8.00 am on 17 April 2012.
Following admission, EBRD will hold 58,794,708 ordinary shares in the Company representing 6.00% of the Company's then issued share capital.
Total Voting Rights
The new ordinary shares will rank pari passu with the existing shares of the Company. Following the issue of Shares to EBRD, the total issued share capital of the Company will increase to 979,721,513 ordinary shares with voting rights. The Company holds no shares in treasury, therefore the total number of voting rights in the Company will be 979,721,513.
This figure of 979,721,513 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
HAMBLEDON MINING:Telephone +44 (0)207 233 1462Charles Zorab
FAIRFAX I.S. PLC (NOMAD AND BROKER):Telephone +44 (0)207 598 5368Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS:Telephone +44 (0)207 920 3150Ed Portman/Jos Simson
Copyright Business Wire 2012