Last checked at 29 Apr 2024 07:00
Arc Minerals Ltd
("Arc" or the "Company")
Investor Call, Appointment of Joint Broker, and TVR
Arc Minerals Ltd (LSE: ARCM), an exploration company forging partnerships to discover and develop Tier 1 copper deposits, is pleased to make the following updates:
Investor Call
Arc announces that an investor call will be held via Investor Meet Company at 12:00 BST on Thursday, 2 May 2024 which will be presented by Nick von Schirnding (Executive Chairman) and Vassilios Carellas (Chief Operating Officer) to provide an update on the Company's upcoming drilling programmes in Botswana and Zambia (further details provided below).
Appointment of Joint Broker
Arc also announces the appointment of Shard Capital Partners LLP as Joint Corporate Broker, alongside the Company's Nominated Adviser and Joint Corporate Broker, W H Ireland Limited, with effect from 1 May 2024 to help broaden investor interest and provide additional research coverage.
Share Buyback and associated cancellation of ordinary shares
Following the successful completion of the off-market share buyback of 22,539,746 ordinary shares of no par value each from Sveriges Lärare (formerly Lärarnas Riksförbund) (the "BuyBack Shares"), as first announced on 26 March 2024, the Company confirms that the Buyback Shares have now been cancelled.
Total Voting Rights
As announced on 8 April 2024, following the cancellation of the Buyback Shares, the total number of Ordinary Shares in the capital of the Company in issue is 1,446,014,263 with associated voting rights with no ordinary shares held in Treasury. This figure 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's share capital pursuant to the Company's articles of association.
As a result of the cancellation of the Buyback Shares, each shareholders' percentage shareholding has increased and accordingly, each shareholder should ensure that they comply with their obligations under Article 24.1 of the Company's Articles of Association (which can be found on the Company's website at https://www.arcminerals.com) to disclose interests in the total voting rights of the Company.
Investor Call via Investor Meet Company
The call is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 BST on 1st May 2024 or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:
https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors
Investors who already follow Arc Minerals Ltd on the Investor Meet Company platform will automatically be invited.
For further information contact:
Arc Minerals Nick von Schirnding (Executive Chairman)
|
c/o Benchmark Communications |
WH Ireland (Nominated Adviser & Joint Broker) Harry Ansell/ Katy Mitchell
| Tel: +44 (0) 20 7220 1666 |
Shard Capital (Joint Broker) Damon Heath
| Tel: +44 (0) 20 7186 9952 |
Benchmark Communications (Investor Relations) Richard Kauffer
| Tel: +44 (0) 7841 67 3210 |
For more information, visit www.arcminerals.com.