RGM.L Regulatory News (RGM)

Regency Mines PLC

("Regency" or the "Company")

New Investor Presentation,

Company Secretary Appointment,

Directors Dealings & TVR

31 January 2020

Regency Mines Plc (LON: RGM) the battery metals and energy storage company announces the release of a new investor presentation, which is immediately available at the Company's website.

The Company also announces the appointment of a new Company Secretary and the issue of 481,662 ordinary shares, 3,040,567 options and 438,596 warrants further to commitments made prior to the recent restructuring as announced on 5 December 2019, but only executed now due to the Company being out of a close period.

Investor Presentation

The Company has released a revised investor presentation, which sets out its strategy across the battery metals and flexible energy space. A full corporate rebranding is expected to occur during the course of 2020, likely timed to coincide with the Company's first material asset transaction.

Company Secretary Appointment

The Company also announces the appointment, with immediate effect, of AMBA Secretaries Limited, as Company Secretary.

Director Legacy Remuneration Shares and Issue of Warrants

Nigel Burton and Ewen Ainsworth joined Regency Mines as a Director on 24 June 2019 under an arrangement where 42.5% and 48.6% of their respective annual Directors' fee was to be paid in shares. Accordingly, to clear historic balances the Company has issued 122,312 new ordinary shares to Mr. Burton and 190,929 new ordinary shares to Mr Ainsworth for the period from June 2019 to December 2019 (of the 190,929 shares awarded to Mr Ainsworth, 141,901 new ordinary shares have been issued to Discovery Energy Limited a company controlled by Mr Ainsworth). This deals with all outstanding legacy issues and the Non-Executive Directors of the Company are now being remunerated on normal market terms.

Consistent with the Company's strategy of preserving its cash balances, a further 168,421 shares and 438,596 warrants (at yesterday's closing price of £0.0285 have been awarded to consultants and advisors for services to be provided during 2020.

CEO Option Awards

The Company has awarded Scott Kaintz, Chief Executive Officer, 3,040,567 three-year vest, five-year expiry options under the Company's Enterprise Management Scheme, to purchase new ordinary shares of the Company at yesterday's closing price of £0.0285. These options carry performance criteria under which vesting can be accelerated. These options were unable to be awarded as part of the recent restructuring due to the Company being in a close period. 

Director Shareholdings

The Fee Shares and options issued to Directors have been included in the table below, which sets out the total shareholding and interests of three of the Company's Directors in the enlarged share capital of the Company.

*141,901 shares have been issued to Discovery Energy Ltd, a company controlled by Mr. Ainsworth

Admission to trading on AIM and Total Voting Rights

Application is being made to AIM for new Ordinary Shares to be admitted to trading on AIM. Admission of the 481,662 new Ordinary Shares is expected on or around 6 February 2020.

Following the issue of the 481,662 new Ordinary Shares, the issued share capital of the Company consists of 89,816,552 ordinary shares of £0.0001 each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 89,816,552 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 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.