Last checked at 3 Nov 2020 16:20
3rd November 2020
Arkle Resources PLC
("Arkle" or the "Company")
Exercise of Warrants
Arkle announces that pursuant to the receipt of a conversion notice from a holder of 4,000,000 warrants exercisable at 0.50 pence each, it has today issued 4,000,000 ordinary shares of €0.0025 each ("Ordinary Shares") at the exercise price of 0.50 pence per share ("New Shares").
Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 9 November 2020 ("Admission"). The proceeds of the exercise of GBP20,000 will be used for additional working capital.
Total Voting Rights
Following the Admission, Arkle will have 295,044,962 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should 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 under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2024. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.
A copy of this announcement is available on the Company's website, at www.arkleresources.com
ENDS
Enquiries:
Arkle Resources PLC |
|
John Teeling, Chairman | +353 (0) 1 833 2833 |
Jim Finn, Finance Director | +353 (0) 1 833 2833 |
|
|
SP Angel Corporate Finance LLPNominated Adviser & Joint Broker |
|
Matthew Johnson/Adam Cowl | +44 (0) 203 470 0470 |
|
|
First Equity Limited |
|
Joint Broker |
|
Jason Robertson | +44 (0) 207 374 2212 |
|
|
Blytheweigh | +44 (0) 207 138 3204 |
Megan Ray |
|
Rachael Brooks |
|
|
|
Teneo |
|
Luke Hogg | +353 (0) 1 661 4055 |
Ross Murphy | +353 (0) 1 661 4055 |