Last checked at 5 Apr 2022 07:00
Corcel PLC
("Corcel" or the "Company")
Placing and Directors' Dealings
05 April 2022
Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces a placing of £35,000 to Company Directors.
Placing and Directors' Dealings
The Company announces that three Company Directors have subscribed for £35,000 of equity (the "Placing") as previously announced on 16 March 2022 at a price of £0.01525, the closing price of 4 April 2022, resulting in the issuance of 2,295,080 new ordinary shares (the "Placing Shares").
Following the Placing, the resultant Directors' shareholdings are as follows:
Directors | Ordinary Shares | Total Shares | % of Issued Share Capital | Warrants | Options | ||
Direct | Indirect | ||||||
James Parsons | 4,073,379 | 2,143,100 | 6,216,479 | 1.41% | 2,381,250 | 9,587,764 | |
Scott Kaintz | 3,554,550 | 1,754,275 | 5,308,825 | 1.21% | 2,185,417 | 9,711,964 | |
Henry Bellingham | 327,868 | 0 | 327,868 | 0.07% | 0 | 2,805,942 | |
Admission to Trading on AIM and Total Voting Rights
Application is being made to AIM for 2,295,080 shares to be admitted to trading on AIM, the admission of which it is expected on or around 11 April 2022.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares its issued ordinary share capital will comprise 439,981,746 ordinary shares.
All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 439,981,746. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.
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
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1.James Parsons 2. Scott Kaintz 3. Henry Bellingham | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1.PDMR (Executive Chairman) 2. PDMR (Chief Executive Officer) 3. PDMR (Non-Executive Officer) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Corcel plc |
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b) | LEI | 2138009ECXQQ3EGKVY57 |
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4 | 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 |
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a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |
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Identification code | GB00BKM69866 |
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b) | Nature of the transaction | Purchase of ordinary shares |
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c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
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1.£0.01525 2. £0.01525 3. £0.01525 | 983,606 983,606 327,868 |
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d) | Aggregated information | N/A |
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Aggregated volume | N/A |
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Price | £0.01525 |
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e) | Date of the transaction | 4 April 2022 |
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f) | Place of the transaction | AIMX |
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