Last checked at 15 May 2018 07:00
15 May 2018
African Battery Metals plc
("ABM" or the "Company")
Issue of Equity
African Battery Metals plc, the AIM quoted African focused exploration company, announces that it has issued 5,000,000 new ordinary shares ("Ordinary Shares") in settlement of an invoice to a consultant to the value of £2,500.00.
Accordingly, application has be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 16 May 2018. The new Ordinary Shares will represent approximately 0.08 per cent. of the Company's Enlarged Share Capital. The new Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and will be issued fully paid.
Following Admission, the Company's Enlarged Share Capital will comprise 6,455,536,315 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
**Ends**
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Further enquiries
African Battery Metals plc | |
Roger Murphy (CEO) | +44 (0) 20 7583 8304 |
SP Angel Corporate Finance (Nomad and Broker) | |
Ewan Leggat | +44 (0) 20 3470 0470 |
Blytheweigh (Public Relations) | |
Camilla Horsfall/ Nick Elwes | +44 (0) 20 7138 3224 |
Madini (Financial and Technical Adviser) | |
Iain Macpherson / Ilja Graulich | +27 (0) 11 469 0629 |
Notes to Editors
About African Battery Metals Plc
African Battery Metals ("ABM") is an AIM-listed, African focused exploration company developing projects in strategic metals, including metals used in the manufacturing of batteries. ABM's strategy is to leverage its access to a significant project pipeline, in order to become a substantial operator in this market sector.
The Company's objective is to effectively and rapidly advance its portfolio of cobalt right through to production stage, taking advantage of the vast local and technical expertise of its management team and advisors. ABM may also add to its portfolio not only cobalt-copper and gold, but potentially also in other battery metals.
Wherever ABM explores and operates it always does so using the highest degree of integrity and ethical standards.