REG - Mineral & Financial - Exercise of Restricted Share Units

Mineral & Financial InvestmentsAnnouncement

21/07/2023 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230721:nRSU8319Ga&default-theme=true

RNS Number : 8319G  Mineral & Financial Invest. Limited  21 July 2023

MINERAL AND FINANCIAL INVESTMENTS LIMITED

 Exercise of Restricted Share Units

 

 

 

Camana Bay, Cayman Islands - 21 July 2023 - Mineral and Financial Investments
Limited (LSE-AIM: MAFL) ("M&F" "MAFL" or the "Company") announces that is
has issued, conditional only on admission, 200,000 new ordinary shares of 1p
each in the Company at nil cost (the "New Shares"). These New Shares have been
issued pursuant to an exercise of Restricted Share Units ("RSU") granted to
James Lesser, a Non-Executive Director of the Company under the 2021
Restricted Share Unit Scheme ("2021 RSU Scheme") as announced on 10 June 2022
and approved by both the board and shareholders. Following the issue of the
New Shares James Lesser holds 423,880 Ordinary Shares in the Company,
representing 1.1% of the total issued share capital. The total number of Fully
Diluted shares O/S will remain unchanged.

Total Voting Rights

Application will be made to the London Stock Exchange for admission of the
200,000 New Shares, to trading on AIM. It is expected that admission will
become effective and dealings in the New Shares will commence on AIM at 8.00
a.m. on 27 July 2023 ("Admission").

 

Following Admission, the Company's issued share capital will consist of
37,105,871 Ordinary Shares of which none are held in treasury.  Therefore,
the total number of voting rights in the Company is 37,105,871 and
Shareholders may use this figure as the denominator by which they are required
to notify their interest in, or change to their interest in, the Company under
the Disclosure Guidance and Transparency Rules.

 

FOR MORE INFORMATION:

Jacques Vaillancourt, Mineral & Financial Investments Ltd.
                        +44 780 226 8247

Katy Mitchell and Sarah Mather, WH Ireland
Limited                                 +44 207
220 1666

Jon Belliss, Novum Securities
Limited
            +44 207 382 8300

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service (RIS), this inside information
is now considered to be in the public domain.

 

 

 1        Details of the person discharging managerial responsibilities / person
          closely associated
 a)       Name:                                                          James Lesser
 2        Reason for the notification
 a)       Position/status:                                               Non-Executive Director
 b)       Initial notification /Amendment:                               Initial
 3        Details of the issuer, emission allowance market participant, auction

        platform, auctioneer or auction monitor

 a)       Name:                                                         Mineral and Financial Investments Limited
 b)       LEI:                                                          213800XJN3E3OTYDCH82
 4        Details of the transaction(s): section to be repeated for (i) each type of

        instrument; (ii) each type of transaction; (iii) each date; and (iv) each
          place where transactions have been conducted

 a)       Description of the financial instrument, type of instrument:  Ordinary shares

          Identification code:                                          KYG6181G1055

 b)       Nature of the transaction                                     Exercise of  Restricted Share Unit's
 c)       Price(s) and volume(s)

                                                                                         Price(s)         Volume(s)
                                                                                         nil              200,000

 d)       Aggregated information

          -Aggregated volume                                            200,000
                                                                        Nil

          - Price

 e)       Date of the transaction                                       21 July 2023

 f)       Place of the transaction                                      AIM

 

 

 

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  ALSBFLFLXDLEBBQ