26 Jan 2018 16:30
Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining
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26 January 2018
Cradle Arc plc
("Cradle Arc" or the "Company")
Conversion of Loan Notes & Total Voting Rights
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Cradle Arc, the African focused base and precious metals exploration and production company, announces that a holder (the "Noteholder") of certain of the convertible loan notes issued by the Company on 2 June 2017 (the "Notes") has elected to convert its Notes into new ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares").
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Accordingly, 3,260,869 new Ordinary Shares (the "Conversion Shares") have been issued to the Noteholder at a price of 9.20 pence per share in accordance with the terms of the Notes.
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Admission and Total Voting Rights
Application has been made for admission of the Conversion Shares to trading on AIM, with such admission expected to become effective at 8.00 a.m. on 1 February 2018. Following admission, the issued share capital of the Company will comprise 204,590,351 Ordinary Shares and, accordingly, the total number of voting rights will be 204,590,351.
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The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cradle Arc under the FCA's Disclosure Guidance and Transparency Rules.
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For further information, please visit www.cradlearc.com or contact:
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Cradle Arc plc Kevin van Wouw Mark Jones  | Tel: +44 (0)20 7499 5881 |
Strand Hanson Limited Angela Hallett Matthew Chandler James Dance  | Tel: +44 (0)20 7409 3494 |
Beaufort Securities Limited Jon Belliss  | Tel: +44 (0)20 7382 8300 |
Tamesis Partners LLP Richard Greenfield  | Tel: +44 (0)20 3882 2868 |
St Brides Partners Limited Charlotte Page Susie Geliher | Tel: +44 (0)20 7236 1177 |
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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