3 Jan 2020 13:36
Regency Mines PLC
("Regency" or the "Company")
Energy Storage: Completion of Partner Buy Out
3 January 2020
Regency Mines Plc (LON: RGM) the battery metals and energy storage company announces the completion of the buy-out of the 20% minority shareholders in its UK energy storage business, Allied Energy Services Ltd ("AES"). Regency is strategically focused around battery metals, including its flagship Mambare nickel-cobalt project and its existing UK energy storage business.
As previously announced on 19 December 2019, Regency has issued 2,461,538 new ordinary shares to complete the buyout of the minority shareholders 20% stake in AES. These shares are locked in for six months.
Admission to trading on AIM and Total Voting Rights (TVR)
Application has been made for 2,461,538 new Ordinary Shares to be admitted to trading on AIM, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence on or around 9 January 2020.
Following the issue of the 2,461,538 new Ordinary Shares, the issued share capital of the Company will consist of 89,334,890 Ordinary Shares of £0.0001 each with voting rights.
The above figure of 89,334,890 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 Guidance and Transparency Rules.
For further information, please contact:
Scott Kaintz 020 7747 9960 Director Regency Mines Plc
Roland Cornish/ Rosalind Hill Abrahams 020 7628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 020 7374 2212 Broker First Equity Limited
This announcement contains inside information under Article 7 of Regulation (EU) 596/2014.