REG - AIM Anglesey Mining PLC - Schedule One - Anglesey Mining plc

Anglesey MiningAnnouncement

11/03/2022 10:00

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RNS Number : 4985E  AIM  11 March 2022

 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
 WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 Anglesey Mining plc

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 Tower Bridge House, St Katharines Way, London, E1W 1DD

 COUNTRY OF INCORPORATION:
 United Kingdom

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 https://www.angleseymining.co.uk/

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:
 Anglesey Mining plc ("Anglesey" or the "Company") is a UK mining company
 currently listed on the Premium segment of the Official List of the Financial
 Conduct Authority and is admitted to trading on the Main Market of the London
 Stock Exchange. Anglesey was incorporated in 1984.

 Anglesey's principal asset is a 100% interest in the Parys Mountain
 copper-zinc-lead-gold-silver project on the island of Anglesey in North Wales.
 Anglesey is currently exploring and developing the property, which has a high
 potential for the discovery of additional mineral resources through the
 development of a new, modern mine in an environmentally sustainable manner.

 In addition, Anglesey holds minority interest in two Iron assets being a 20%
 interest, and management rights to the Grangesberg Iron project in Sweden,
 together with a right of first refusal to increase its interest by a further
 50.1%. Anglesey also holds a 12% interest in Labrador Iron Mines Holdings
 Limited (whose shares are traded on OTC Markets) which holds direct shipping
 iron ore deposits in Labrador and Quebec.

 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
 OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
 and issue price to which it seeks admission and the number and type to be held
 as treasury shares):
 248,070,732 Ordinary Shares of £0.01 each in the capital of the Company.

 There are no restrictions as to the transferability of the Ordinary Shares.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:
 No target fundraise anticipated.

 Expected market cap on admission: Current market capitalisation is c.£9
 million.
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 Approx. 23.3% (59.7 million shares)

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
 No application to any other Exchange will be made

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each is
 known):
 Existing Directors

 John Kearney ("John") (Chairman)

 Jonathan Battershill ("Jo") (Chief Executive Officer)

 Derek William ("Bill") Hooley (Deputy Chairman / Non-Executive Director)

 Howard Miller ("Howard") (Non-Executive Director)

 Danesh Varma ("Danesh") (Non-Executive Director)

 Namrata Verma ("Namrata") (Independent Non-Executive Director)

 Andrew King ("Andrew") (Independent Non-Executive Director)

 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
 OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
 name by which each is known or including any other name by which each is
 known):

Name                                               Number of Ordinary Shares  Percentage of Issued Share Capital Before Admission  Percentage of Issued Share Capital After Admission
 Juno Limited                                       57,924,248                 23.3%                                                23.3%
 Monecor (London) Limited (trading as ETX Capital)  11,528,383                 4.65%                                                4.65%
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
 (H) OF THE AIM RULES:
 N/A
 (i)         ANTICIPATED ACCOUNTING REFERENCE DATE

 (ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
 ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
 interim financial information)

 (iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
 PURSUANT TO AIM RULES 18 AND 19:
 (i)         30 September 2021

 (ii)        n/a

 (iii)       30 September 2022 (for its annual audited accounts for the
 year ended 31 March 2022), 31 December 2022 (for its unaudited interim
 accounts for the six months ended 30 September 2022) and 30 September 2023
 (for its annual audited accounts for the year ended 31 March 2023)

 EXPECTED ADMISSION DATE:
 8 April 2022

 NAME AND ADDRESS OF NOMINATED ADVISER:
 Davy Corporate Finance, Davy House, 49 Dawson Street, Dublin 2, Ireland

 NAME AND ADDRESS OF BROKER:
 J&E Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland

 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
 INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
 STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
 ADMISSION OF ITS SECURITIES:
 N/A - applicant is a quoted applicant

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
 QCA Corporate Governance Code

 DATE OF NOTIFICATION:
 11 March 2022

 NEW/ UPDATE:
 New

 QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

 THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES
 HAVE BEEN TRADED:
 Premium listing segment of the Official List, trading on the London Stock
 Exchange's main market for listed securities

 THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
 18 May 1988

 CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS
 ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS
 SECURITIES TRADED UPON SUCH A MARKET OR DETAILS OF WHERE THERE HAS BEEN ANY
 BREACH:

 The Company confirms, following due and careful enquiry, that it has adhered
 to all legal and regulatory requirements applicable to companies whose
 securities are admitted to listing on the FCA's Official List and to trading
 on the London Stock Exchange's main market for listed securities.

 AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE
 APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING
 ITS SECURITIES SO TRADED) ARE AVAILABLE:

 https://www.angleseymining.co.uk/

 DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
 OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY:

 Anglesey Mining plc is a minerals exploration and development company. Its key
 assets are the Parys Mountain Cu-Zn-Pb-Ag-Au deposit on the isle of Anglesey
 and a 20% holding in the Grängesberg Iron Ore Project in Sweden (with a right
 of first refusal to acquire an additional 50%). Following admission to AIM,
 the company intends to progress the Parys Mountain project through additional
 geological, mining and metallurgical studies including a Feasibility Study. At
 Grängesberg, the company is currently completing a Pre-Feasibility Study,
 which should ultimately lead to Feasibility Study programme.

 A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF
 THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD
 FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
 Save as disclosed in the Company's interim report for the six months ended 30
 September 2021 and dated 12 November 2021, there has been no significant
 change in the financial or trading position of Anglesey Mining since 31 March
 2021, being the end of the last financial period for which audited financial
 statements have been published.
 A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
 THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT
 LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
 The Directors have no reason to believe that the working capital available to
 the Company or the Group will be insufficient for at least 12 months from the
 date of its admission to AIM

 DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
 N/A

 A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S
 SECURITIES:

 Settlement will continue to be through the Euroclear System for dealings in
 ordinary shares held in uncertificated form. Ordinary shares can also be dealt
 with in certificated form.

 A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S
 SECURITIES:
 https://www.angleseymining.co.uk/

 INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT
 CURRENTLY PUBLIC:
 Information is contained within the Appendix to this Schedule One
 announcement, available on the Company's website
 at https://www.angleseymining.co.uk/

 A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT
 AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS
 PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE.  THE ACCOUNTS MUST
 BE PREPARED IN ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM RULE
 19:
 https://www.angleseymining.co.uk/

 THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:
 As at the date of this Schedule One announcement, there are no ordinary shares
 held in treasury.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:

N/A

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:

(i)         30 September 2021

(ii)        n/a

(iii)       30 September 2022 (for its annual audited accounts for the
year ended 31 March 2022), 31 December 2022 (for its unaudited interim
accounts for the six months ended 30 September 2022) and 30 September 2023
(for its annual audited accounts for the year ended 31 March 2023)

 

EXPECTED ADMISSION DATE:

8 April 2022

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Davy Corporate Finance, Davy House, 49 Dawson Street, Dublin 2, Ireland

 

NAME AND ADDRESS OF BROKER:

J&E Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

N/A - applicant is a quoted applicant

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

 

DATE OF NOTIFICATION:

11 March 2022

 

NEW/ UPDATE:

New

 

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES
HAVE BEEN TRADED:

Premium listing segment of the Official List, trading on the London Stock
Exchange's main market for listed securities

 

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:

18 May 1988

 

CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS
ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS
SECURITIES TRADED UPON SUCH A MARKET OR DETAILS OF WHERE THERE HAS BEEN ANY
BREACH:

 

The Company confirms, following due and careful enquiry, that it has adhered
to all legal and regulatory requirements applicable to companies whose
securities are admitted to listing on the FCA's Official List and to trading
on the London Stock Exchange's main market for listed securities.

 

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE
APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING
ITS SECURITIES SO TRADED) ARE AVAILABLE:

 

https://www.angleseymining.co.uk/

 

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY:

 

Anglesey Mining plc is a minerals exploration and development company. Its key
assets are the Parys Mountain Cu-Zn-Pb-Ag-Au deposit on the isle of Anglesey
and a 20% holding in the Grängesberg Iron Ore Project in Sweden (with a right
of first refusal to acquire an additional 50%). Following admission to AIM,
the company intends to progress the Parys Mountain project through additional
geological, mining and metallurgical studies including a Feasibility Study. At
Grängesberg, the company is currently completing a Pre-Feasibility Study,
which should ultimately lead to Feasibility Study programme.

 

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF
THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD
FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:

Save as disclosed in the Company's interim report for the six months ended 30
September 2021 and dated 12 November 2021, there has been no significant
change in the financial or trading position of Anglesey Mining since 31 March
2021, being the end of the last financial period for which audited financial
statements have been published.

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT
LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

The Directors have no reason to believe that the working capital available to
the Company or the Group will be insufficient for at least 12 months from the
date of its admission to AIM

 

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

N/A

 

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S
SECURITIES:

 

Settlement will continue to be through the Euroclear System for dealings in
ordinary shares held in uncertificated form. Ordinary shares can also be dealt
with in certificated form.

 

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S
SECURITIES:

https://www.angleseymining.co.uk/

 

 

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT
CURRENTLY PUBLIC:

Information is contained within the Appendix to this Schedule One
announcement, available on the Company's website
at https://www.angleseymining.co.uk/

 

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT
AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS
PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE.  THE ACCOUNTS MUST
BE PREPARED IN ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM RULE
19:

https://www.angleseymining.co.uk/

 

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:

As at the date of this Schedule One announcement, there are no ordinary shares
held in treasury.

 

 

 

 

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