19 Apr 2016 08:50
Sierra Rutile Limited
Admission of Placing Shares and Option Shares and Total Voting Rights
19 April 2016: Sierra Rutile Limited (AIM:SRX) ("Sierra Rutile" or the "Company") is pleased to announce that, further to the successful placing of 70,052,539 new ordinary shares in the Company ("Placing Shares") announced on 14 April 2016 (the "Placing"), and the issue of an additional 3,502,627 ordinary shares pursuant to an option granted to the bookrunners in connection with the Placing (the "Option Shares") announced on 15 April 2016, all Placing Shares and Option Shares have today been admitted to trading on AIM ("Admission").
Following Admission, the Company now has 595,786,674 ordinary shares of no par value in issue with voting rights attached (one vote per share). The Company holds no ordinary shares in treasury.
The above voting rights figure 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 FCA's Disclosure and Transparency Rules.
ENDS
For further information
Sierra Rutile Limited John Sisay, Chief Executive Officer Matthew Hird, Chief Financial Officer
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+44 (0)20 7074 1800
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Investec Bank Nominated Adviser and Joint Corporate Broker Chris Sim / George Price / Jeremy Ellis
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+44 (0)20 7597 4000 |
Numis Securities Limited Joint Corporate Broker John Prior / James Black / Paul Gillam
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+44 (0)20 7260 1000 |
RBC Capital Markets Joint Corporate Broker Jonny Hardy / Elliot Thomas
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+44 (0)20 7653 4000 |
Kreab Marc Cohen / Christina Clark |
+44 (0)20 7074 1800
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About Sierra Rutile Limited
Sierra Rutile is a leading, multi-mine mineral sands company, operating world-class assets and developing a portfolio of growth projects in the south west of Sierra Leone, with its primary commodity mined being natural rutile, a titanium feedstock. The Company has an established operating history spanning approximately 50 years and a resource mine life of another 50 years with one of largest natural rutile deposits in the world and a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 866 million tonnes (as at 30 September 2015). Sierra Rutile expects to be the world's largest primary producer of natural rutile in 2016.
www.sierra-rutile.com