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Total Voting Rights

14 Apr 2022 07:00

RNS Number : 3096I
Egdon Resources PLC
14 April 2022
 

 

14 April 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Exercise of Warrants, Issue of New Shares and Total Voting Rights

Egdon Resources plc (AIM:EDR) has received notice of the exercise of Warrants and can advise the issue of new Ordinary Shares in the Company of 1p each ("Ordinary Shares") as follows.

The Warrants

In July 2021 the Company raised £1.44 million through the issue of 115,228,000 new Ordinary Shares at a price of 1.25 pence per share. In addition, each two Subscription Shares were granted a right to subscribe for one new Ordinary Share at a price of 2.5 pence per share, (the "Warrant").

Exercise of Warrants and Issue of New Ordinary Shares

Number of Warrants being reported as Exercised

Number of 1p new Ordinary Shares issued

Consideration Received at 2.5p per share

6,815,000

6,815,000

£170,375.00

 

Application for Admission of New Ordinary Shares to AIM

An application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange with admission expected to become effective on or around 20 April 2022.

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares in all respects.

Outstanding Warrants

Following the exercise of the Warrants reported above 50,799,000 Warrants remain outstanding and are exercisable at any time until 23 July 2023.

Total Voting Rights

Following admission of the new Ordinary Shares on or around 20 April 2022 the issued share capital of the Company will be 523,592,031 Ordinary Shares, each with voting rights. This figure may 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 Disclosure and Transparency Rules.

For further information please contact:

Egdon Resources plc

Mark Abbott, Martin Durham 01256 702 292

 

Buchanan

Ben Romney, Jon Krinks 020 7466 5000

 

Nominated Adviser & Joint Broker - WH Ireland Limited

Chris Hardie, Megan Liddell 020 7220 1666

Joint Broker & Financial Advisors - VSA Capital Limited

Andrew Monk (Corporate Broking) 020 3005 5000

Andrew Raca (Corporate Finance)

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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