27 Oct 2020 15:22
Erris Resources plc / EPIC: ERIS.L / Market: AIM / Sector: Mining
27 October 2020
Erris Resources plc
("Erris Resources" or the "Company")
Further re Divestment
Erris Resources provides an update on its divestment of its shareholding in Erris Gold Resources Ltd, details of which were announced on 8 October 2020 and 26 October 2020. Whilst the Record Date for the Divestment is due to occur at 6.00pm today, the Company's shares will continue to trade with an entitlement to the Divestment until the Ex-Dividend Date of 29 October 2020.
Accordingly, unless the counterparties specifically agree otherwise, a buyer of the Company's Ordinary Shares ahead of the Ex-Dividend Date will assume the benefit to the Divestment by distribution in specie, and the seller would need to pass the benefit to the buyer, even if the seller is the recorded owner at the Record Date.
New Ordinary Shares to be issued in connection with the Placing will have no entitlement to the Divestment.
The same definitions apply throughout this announcement, unless the context requires otherwise, as applied in the Admission Document, published on 8 October 2020, and which is available on the Company's website, www.errisresources.com.
For further information visit www.errisresources.com or contact:
Anton du Plessis | Erris Resources plc | +353 (0) 94 902 8481 |
David Hart/Liz Kirchner | Allenby Capital (Nominated Adviser) | +44 (0) 20 3328 5656 |
Zoe Alexander/Andy Thacker | Turner Pope Investments (TPI) Ltd (Broker) | +44 (0) 20 3657 0050 |
Isabel de Salis/Beth Melluish | St Brides Partners (Financial PR) | +44 (0) 20 7236 1177 |