16 Jul 2018 16:31
16 July 2018
Pembridge Resources plc
("Pembridge Resources" or the "Company")
Share Consolidation Update
The Company hereby confirms that the share consolidation of every 10 existing ordinary shares of nominal value 0.1 pence (each, an "Existing Ordinary Share") each into 1 new ordinary share of nominal value 1 pence each (each, a "New Ordinary Share") which was approved at today's General Meeting and the associated crediting of CREST accounts with New Ordinary Shares will take effect immediately prior to re-admission of the New Ordinary Shares to listing on the standard segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange plc ("Admission").
The Company will inform the market of the expected date of Admission in due course.
The Existing Ordinary Shares will be disabled in CREST at close of business on the day prior to Admission and the existing ISIN: GB00B32W6Z85 will expire at that time.
The new ISIN: GB00BG107324 in respect of the New Ordinary Shares will be enabled and available for transaction on the date of Admission.
New share certificates in respect of the New Ordinary Shares will be sent to shareholders who hold their shares in certificated form 10 working days after the date of Admission, with their old certificates becoming void at close of business on the day prior to Admission.
For further information on the Company, visit: http://www.pembridgeresources.com
For further information please contact:
Pembridge Resources plc
David Linsley, Chief Executive Officer T: +44 (0)207 917 2968
About Pembridge Resources plc
Pembridge Resources is a mining focussed SPAC listed on the main market for listed securities of the London Stock Exchange plc. The Company's management is composed of a team of senior leaders with experience in various board and executive positions with a complementary mix of expertise in geology, engineering, project appraisal, and commercial development across a wide range of commodity groups and mining jurisdictions.
The Company recently announced that it had signed a Share Purchase Agreement with Capstone Mining Corp to acquire a 100% interest in the Minto copper mine in Canada's Yukon territory through the purchase of Capstone's 100% interest in Minto Explorations Ltd.