Last checked at 8 Sep 2021 07:00
Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining
8 September 2021
Exercise of Options and Issue of Equity
Chesterfield Resources Plc announces that it has received a notification from an option holder to exercise options over 120,000 new ordinary shares of 0.1 pence each in the share capital of the Company (the 'New Ordinary Shares') at an exercise price of 5 pence per share. Accordingly the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of £6,000.
Application has been made for the New Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 9 September 2021.
Total voting rights
On Admission, the Company's issued share capital will consist of 120,120,311 ordinary shares and a total of 2,000,000 deferred shares (the deferred shares of the Company are not traded and no application will be made for such shares to be admitted to trading on the Main Market of the London Stock Exchange). The Company does not hold any Ordinary Shares in Treasury. The total voting rights from Admission will therefore be 120,120,311 ordinary shares. This figure above may be used by shareholders as from 9 September 2021 as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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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**
For further information, please visit www.chesterfieldresourcesplc.com or contact:
Chesterfield Resources plc:
Martin French, Executive Chairman Tel: +44(0) 7901 552277
Panmure Gordon (UK) Limited (Broker): Tel: +44 (0)207 886 2500
John Prior & Hugh Rich