Last checked at 3 Apr 2023 07:55
3 April 2023
Celsius Resources Limited
Issue of Equity
PDMR/Director Holding
Total Voting Rights
Celsius Resources Limited (ASX:CLA, AIM:CLA) ("Celsius" or the "Company") announces that pursuant to Milestone 3 employee performance rights ("Milestone 3 Rights") in which the criteria of the submittal of all the declaration of Mining Project Feasibility documentation for the MCB Project had been met by the expiry date of 31 March 2023, the Board has approved the conversion into 4,800,000 ordinary shares of no par value which have been issued at a deemed price of AUS$ 0.015 ("New Shares"); the remaining 600,000 Milestone 3 Rights have lapsed.
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 on or around 6 April 2023 ("Admission").
Of the 4,800,000 performance rights to be converted, 2,000,000 of these are for Executive Chairman, Julito Sarmiento and accordingly he will be awarded 2,000,000 New Shares. Post Admission, his total holding will number 4,000,000 ordinary shares in the Company, representing 0.21 percent of the total issued share capital.
Following the Admission of the 4,800,000 New Shares, Celsius will have 1,870,452,899 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. From Admission 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
A copy of this announcement, together with the Appendix 3H and Appendix 2A lodged with the ASX, is available on the Company's website, at https://celsiusresources.com.
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 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
For further information contact: | ||
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Celsius Resources Limited |
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Peter Hume | P: +61 8 9482 0500 E: info@celsiusresources.com.au W: www.celsiusresources.com |
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Multiplier Media |
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Jon Cuthbert
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Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Felicity Geidt/Andrew Price
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+44 (0) 207 628 3396 |
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SP Angel Corporate Finance LLP (Broker) |
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Ewan Leggat | +44(0) 203 470 0470
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Annexure: PDMR Notification Form
The notifications below are made in accordance with the requirements of the Market Abuse Regulation.
1. | Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ('PDMRs') and persons closely associated with them | |
a) | Name | Julito Sarmiento |
b) | Position/Status | Executive Chairman |
c) | Initial notification/Amendment | Initial notification |
2. | Details of the transaction(s): Section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary share of no par value
ISIN: AU000000CLA6 |
b) | Nature of the transaction | Award of 2,000,000 ordinary shares |
c) | Price(s) and volume(s) | Nil cost and 2,000,000 ordinary shares |
d) | Aggregated information: Aggregated volume | N/A N/A |
e) | Date of the transaction | 31 March 2023 |
f) | Place of the transaction | London Stock Exchange |
ENDS