Last checked at 4 Feb 2021 07:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
4th February 2021
MetalNRG plc
("MetalNRG" or the "Company")
Exercise of Warrants, Conversion of Directors advances and Convertible loan notes, Issue of Equity and Directors' Shareholdings
MetalNRG (LON:MNRG), the natural resource investing and exploration company, announces today that, as a result of the exercise of warrants, the conversion of Directors' advances and the conversion of convertible loan notes ("CLNs"), 50,637,167 new MetalNRG ordinary Shares (the "New Shares") have been issued to investors including Directors and Officers of the Company.
Exercise of Warrants
38,999,999 warrants have been exercised at an exercise price of 0.6 pence per share and 38,999,999 New Shares have been issued.
Conversion of Directors' advances
£45,000 of Directors' advances have been converted into MetalNRG Ordinary Shares at a conversion price of 0.678 pence per share, being equal to the average closing volume weighted share price ("VWAP") over the 5 previous trading days ending 29th January 2021. 6,637,168 New Shares have been issued as a result of this conversion.
Conversion of CLNs
£30,000 of CLNs have been converted into MetalNRG Ordinary Shares at a conversion price of 0.6 pence per share. 5,000,000 New Shares have been issued as a result of this conversion.
Following the issue of the New Shares, the shareholdings of the Directors and Officers are as follows:
Director | Ordinary Shares prior to the issue of New Shares | % of ISC | New Shares issued | Ordinary Shares post the issue of New Shares | % of ISC |
Christopher Latilla-Campbell | 39,373,775 | 10.2 | 4,904,129 | 44,277,904 | 10.2 |
Rolf Gerritsen | 14,150,000 | 3.7 | 6,091,446
| 20,241,446 | 4.6 |
Christian Schaffalitzky | 7,933,333 | 2.1 | 4,166,666 | 12,099,999 | 2.8 |
Pierpaolo Rocco | 8,288,555 | 2.2 | 3,141,593 | 11,430,148 | 2.6 |
Windell Callaghan (Officer) | 1,000,000 | 0.3 | 1,000,000 | 2,000,000 | 0.5 |
Admission of New Shares to trading on the Main Market of the London Stock Exchange
Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 9th February 2021.
The New Shares will rank pari passu with the existing ordinary shares of the Company.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 435,379,932 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:
1. | Details of PDMR / person closely associated | |||||
a) | Name | Christopher Latilla-Campbell | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chairman
| ||||
b) | Initial notification /amendment | Initial notification | ||||
3. | Details of the issuer | |||||
a) | Name | MetalNRG plc | ||||
b) | LEI | 2138003C24H79U5QZH21 | ||||
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 | |||||
a) | Description of the financial instrument | Ordinary Shares of nominal value 0.01 pence each | ||||
b) | Identification code of the Financial Instrument | ISIN for MetalNRG plc: GB00B15FS791 | ||||
c) | Nature of the transaction | Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants, conversion of director's advance and conversion of convertible loan notes
| ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Aggregated volume - Price |
4,904,129 £0.006 - £0.00678
| ||||
f) | Date of the transaction | 2 February 2021 | ||||
g) | Place of the transaction | LONDON | ||||
1. | Details of PDMR / person closely associated | |||||||
a) | Name | Rolf Gerritsen
| ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Chief Executive Officer
| ||||||
b) | Initial notification /amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | MetalNRG plc | ||||||
b) | LEI | 2138003C24H79U5QZH21 | ||||||
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 | |||||||
a) | Description of the financial instrument | Ordinary Shares of nominal value 0.01 pence each | ||||||
b) | Identification code of the Financial Instrument | ISIN for MetalNRG plc: GB00B15FS791 | ||||||
c) | Nature of the transaction | Issue of Ordinary Shares in MetalNRG plc pursuant to the conversion of directors' advances and conversion of convertible loan notes
| ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Aggregated information - Aggregated volume - Price |
6,091,446 £0.006 - £0.00678
| ||||||
f) | Date of the transaction | 2 February 2021 | ||||||
g) | Place of the transaction | LONDON | ||||||
1. | Details of PDMR / person closely associated | |||||||
a) | Name | Christian Schaffalitzky
| ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Director
| ||||||
b) | Initial notification /amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | MetalNRG plc | ||||||
b) | LEI | 2138003C24H79U5QZH21 | ||||||
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 | |||||||
a) | Description of the financial instrument | Ordinary Shares of nominal value 0.01 pence each | ||||||
b) | Identification code of the Financial Instrument | ISIN for MetalNRG plc: GB00B15FS791 | ||||||
c) | Nature of the transaction | Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
| ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Aggregated information - Aggregated volume - Price |
4,166,666 £0.006
| ||||||
f) | Date of the transaction | 2 February 2021 | ||||||
g) | Place of the transaction | LONDON | ||||||
1. | Details of PDMR / person closely associated | |||||||
a) | Name | Pierpaolo Rocco
| ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Executive Director
| ||||||
b) | Initial notification /amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | MetalNRG plc | ||||||
b) | LEI | 2138003C24H79U5QZH21 | ||||||
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 | |||||||
a) | Description of the financial instrument | Ordinary Shares of nominal value 0.01 pence each | ||||||
b) | Identification code of the Financial Instrument | ISIN for MetalNRG plc: GB00B15FS791 | ||||||
c) | Nature of the transaction | Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
| ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Aggregated information - Aggregated volume - Price |
3,141,595 £0.006 - £0.00678
| ||||||
f) | Date of the transaction | 2 February 2021 | ||||||
g) | Place of the transaction | LONDON | ||||||
1. | Details of PDMR / person closely associated | |||||||
a) | Name | Windell Callaghan | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Officer
| ||||||
b) | Initial notification /amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | MetalNRG plc | ||||||
b) | LEI | 2138003C24H79U5QZH21 | ||||||
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 | |||||||
a) | Description of the financial instrument | Ordinary Shares of nominal value 0.01 pence each | ||||||
b) | Identification code of the Financial Instrument | ISIN for MetalNRG plc: GB00B15FS791 | ||||||
c) | Nature of the transaction | Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
| ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Aggregated information - Aggregated volume - Price |
1,000,000 £0.006
| ||||||
f) | Date of the transaction | 2 February 2021 | ||||||
g) | Place of the transaction | LONDON | ||||||
The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.
END
Contact details:
MetalNRG PLCChristopher Latilla-Campbell | +44 (0) 20 7796 9060 |
Corporate AdviserPETERHOUSE CAPITAL LIMITEDLucy Williams/Duncan Vasey | +44 (0) 20 7469 0930 |
Corporate BrokerSI CAPITALNick Emerson | +44 (0) 1483 413500 |