Last checked at 12 Mar 2021 15:15
12 March 2021
Arc Minerals Ltd
('Arc' or the 'Company')
Option Exercise and TR1 Notification
The Company announces that it has received notice from a former director of the Company to exercise options over a total of 700,000 new Ordinary Shares of no par value in the share capital of the Company (the "Option Shares") at a price of 3 pence per share. Accordingly, the Company has today issued the New Ordinary Shares for an aggregate cash consideration of £21,000.
Total Voting Rights
Application will be made to the London Stock Exchange plc for 700,000 Option Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 18 March 2021. The Option Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 700,000 Option Shares the total number of voting rights in the Company will be 1,049,164,936.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | ARC MINERALS LIMITED | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | X | |||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | X | |||||
Other (please specify)iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | CANACCORD GENUITY GROUP INC | |||||
City and country of registered office (if applicable) | VANCOUVER, CANADA | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | DISCRETIONARY CLIENTS | |||||
City and country of registered office (if applicable) | As above | |||||
5. Date on which the threshold was crossed or reachedvi: | 08 MARCH 2021 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 09 MARCH 2021 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 4.8207 | 4.8207 | 1,048,464,936 | |||
Position of previous notification (if applicable) | 5.3619 | 5.3619 | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | ||||
A: Voting rights attached to shares | ||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | ||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | |
VGG045791016 | 50,543,757 | 4.8207 | ||
SUBTOTAL 8. A | 50,543,757 | 4.8207 | ||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | ||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | ||||
SUBTOTAL 8. B 1 | ||||||||
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | ||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | |||
SUBTOTAL 8.B.2 | ||||||||
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | X | |||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
Canaccord Genuity Group Inc. | 4.8207 | 4.8207 | ||
Canaccord Genuity Wealth Group Holdings Limited | 4.8207 | 4.8207 | ||
Canaccord Genuity Wealth Group Holdings (Jersey) Limited | 4.8207 | 4.8207 | ||
Canaccord Genuity Wealth (International) Holdings Limited | 0.0001 | 0.0001 | ||
Canaccord Genuity Wealth (International) Limited | 0.0001 | 0.0001 | ||
Canaccord Genuity Wealth Group Limited | 4.8206 | 4.8206 | ||
Hargreave Hale Ltd | 4.8206 | 4.8206 | ||
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional informationxvi | ||||
The change in the percentage of shares held is partly due to the admission of 1,000,000 new Arc Minerals Ltd shares to AIM on 08/03/2021. | ||||
Place of completion | BLACKPOOL, ENGLAND |
Date of completion | 09 MARCH 2021 |
For more information visit www.arcminerals.com.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
Contacts
Arc Minerals Ltd Nick von Schirnding (Chairman)
| +44 (0) 20 7917 2942
|
SP Angel (Nominated Adviser & Joint Broker) Ewan Leggat / Adam Cowl
| +44 (0) 20 3470 0470
|
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell
| +44 (0) 20 7220 1666
|