Last checked at 28 Oct 2019 07:00
28 October 2019
Altyn Plc
("Altyn" or the "Company")
Issue of new shares
The Company is pleased to announce that it will issue 1,158,937 new ordinary shares in settlement of fees to a service provider who expressed preference to receive payment in shares. The shares will be issued at a price of 0.5780 pence.
The Company will apply for admission of the new Ordinary Shares to trading on the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s Main Market for listed securities ("Admission"). Admission of the new Ordinary shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, is expected to occur on or around 19 November 2019.
The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following the Conversion will therefore be 2,569,034,400. This figure 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2456
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.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.
To read more about Altyn Plc please visit our website www.altyn.uk
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