REG - Horizonte Minerals - Share Consolidation and Total Voting Rights

Horizonte MineralsAnnouncement

31/05/2022 11:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220531:nRSe4149Na&default-theme=true

RNS Number : 4149N  Horizonte Minerals PLC  31 May 2022

NEWS RELEASE

31 May 2022

 

Horizonte Minerals Plc

("Horizonte" or the "Company")

 

Completion of Share Consolidation and Total Voting Rights

 

Horizonte (AIM: HZM, TSX: HZM) is pleased to announce the completion of the
Company's Share Consolidation (as defined below) with a record date of 5:30pm
BST on 30 May 2022, following the Company's announcement on 24 May 2022 that
shareholder approval was granted at the Company's Annual General Meeting for a
consolidation of the ordinary shares of the Company on the basis of 1 new
share for every 20 existing shares (the "Share Consolidation").

 

Admission of the Company's New Ordinary Shares to trading on the London Stock
Exchange's Alternative Investment Market took place at 8:00am BST on 31 May
2022, and admission to be listed for trading on the Toronto Stock Exchange is
expected on or around 31 May 2022.

 

The ISIN for the New Ordinary Shares is GB00BMXLQJ47 and the new CUSIP is
G463B6 149.

 

As a result of the Share Consolidation, the Company hereby notifies the market
that the Company's issued share capital as at 31 May 2022 consisted of
190,418,279 ordinary shares of £0.20 each. The total number of voting rights
in the Company as at 31 May 2022 was 190,418,279 shares.

 

The above figure may be used by shareholders and others with notification
obligations as their 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 of Financial Conduct Authority.

 

Capitalised terms not otherwise defined in this Announcement have the same
meaning given to them in the notice of Annual General Meeting posted to
Shareholders on 27 April 2022.

 

 

For further information, visit www.horizonteminerals.com
(http://www.horizonteminerals.com) or contact:

 

 Horizonte Minerals plc                                info@horizonteminerals.com (mailto:info@horizonteminerals.com)

 Jeremy Martin (CEO)                                   +44 (0) 203 356 2901

 Peel Hunt LLP (Nominated Adviser & Joint Broker)      +44 (0)20 7418 8900

 Ross Allister

 David McKeown

 BMO (Joint Broker)                                    +44 (0) 20 7236 1010

 Thomas Rider

 Pascal Lussier Duquette

 Andrew Cameron

 Tavistock (Financial PR)                              +44 (0) 20 7920 3150

 Jos Simson

 Cath Drummond

 

 

About Horizonte Minerals:

Horizonte Minerals plc (AIM & TSX: HZM) is developing two 100%-owned,
tier-one projects in Pará state, Brazil; the Araguaia Nickel Project and the
Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-grade,
low-cost, low-carbon and scalable. Araguaia is fully funded and in
construction. The project will produce 29,000 tonnes of nickel per year to
supply the stainless steel market. Vermelho is at feasibility study stage and
will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the
EV battery market.  Horizonte's combined near-term production profile of over
50,000 tonnes of nickel per year positions the Company as a globally
significant nickel producer. Horizonte is developing a new nickel district in
Brazil that will benefit from established infrastructure, including
hydroelectric power available in the Carajás Mining District.

 

 

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain
information contained in this press release constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, the admission of the New Ordinary
Shares to trading on AIM and to be listed for trading on the TSX. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". Forward-looking
information is based on the reasonable assumptions, estimates, analysis and
opinions of management made in light of its experience and its perception of
trends, current conditions and expected developments, as well as other factors
that management believes to be relevant and reasonable in the circumstances at
the date that such statements are made, and are inherently subject to known
and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to various risks associated with the
legal and regulatory framework within which the Company operates, together
with the risks identified and disclosed in the Company's disclosure record
available on the Company's profile on SEDAR at www.sedar.com
(http://www.sedar.com) , including without limitation, the annual information
for of the Company for the year ended 31 December 2021, the Araguaia Report
and the Vermelho Report. Although management of the Company has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUAORRUSUVOAR