Last checked at 16 Aug 2022 15:39
16 August 2022
Corcel PLC
("Corcel" or the "Company")
Fundraising - Broker Option Issue of Shares - TVR
Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage announces that following the successful passing of the resolutions at the General Meeting of the Company held on 15 August 2022 the Company has today issued 5,330,000 new ordinary shares of £0.0001 each at a price of £0.004 (the 'Broker Option Shares') in respect of the Broker Option that formed part of the fundraise announced to the Market on 20 July 2022 and 27 July 2022.
Application has been made for the 5,330,000 Broker Option Shares to be admitted to trading on AIM and it is expected that their admission to AIM will take place on or around 22 August 2022 ('Admission').
Following Admission, the Company's total issued share capital will consist of 530,208,295 Ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary shares and voting rights in the Company will be 530,208,295 from Admission. This figure may be used by shareholders in the Company as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
Scott Kaintz 020 7747 9960 Corcel Plc CEO
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Consulting IR
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.