REG - Altona Rare Earths - Issue of Equity

Altona Rare EarthsAnnouncement

12/07/2023 07:00

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RNS Number : 7720F  Altona Rare Earths PLC  12 July 2023

 

12 July 2022

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

ISSUE OF EQUITY

 

Altona (LSE: REE), a resource exploration and development company focused on
Rare Earths in Africa, announces that it has issued 1,000,000 new ordinary
shares at a price of 5 pence per share (the "Shares"), to Christian
Taylor-Wilkinson, Business Development Officer of the Company, in settlement
of fees relating to services provided in 2021 by Leander PR Ltd, a company
where he is a director. Following the issue of Shares, Mr Taylor-Wilkinson
owns an interest in 4,862,371 Altona shares, representing 5.83% of the issued
capital of the Company.

 

Altona has also issued 33,600 Shares to a service provider, in settlement of
outstanding fees.

 

 

Admission and Total Voting Rights

Application is being made for the new ordinary shares to be admitted to
trading on the Main Market of the London Stock Exchange which is expected to
be on or around 17 July 2023. Following this issue of 1,033,600 Shares, which
will rank pari passu with the Company's existing Ordinary Shares, the
Company's enlarged share capital and total voting rights in the Company will
comprise 83,436,799.  The Company has no shares held in Treasury.  This
figure of 83,436,799 ordinary shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

 

Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities (PDMR) and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Christian Taylor-Wilkinson
 2.  Reason for the notification
 a)  Position/status:                                              Business Development Officer
 b)  Initial notification/Amendment:                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         Altona Rare Earths Plc
 b)  LEI:                                                          2138002A5GU9BFS2I491
 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 of £0.01

Identification code:
ISIN Code: GB00BFZNKV91
 b)  Nature of the transaction:                                     Acquisition of Ordinary Shares
 c)  Price(s) and volume(s):                                       Price(s  Volume(s
                                                                   5.0p     1,000,000
 d)  Aggregated information:                                       N/A

·Aggregated volume:

·Price:
 e)  Date of the transaction:                                      11 July 2023
 f)  Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume:

·Price:

N/A

e)

Date of the transaction:

11 July 2023

f)

Place of the transaction:

Outside of a trading venue

 

-ends-

 

For more information on Altona and its current mining projects please visit:
www.altonaRE.com (http://www.altonaRE.com)

 

 

Altona Rare Earths Plc

Cedric Simonet,
CEO
+44 (0) 7778 866 108

Christian Taylor-Wilkinson, Business
Development
+44 (0) 7795 168 157

 

Novum Securities Ltd

David
Coffman
+44 (0) 20 7399 9400

Daniel Harris

George Duxberry

 

Optiva Securities
(Broker)
                 +44 (0) 20 3411 1882

Daniel
Ingram

 

Yellow Jersey PR (Financial
PR)
+44 (0) 20 3004 9512

Sarah Hollins

Annabelle Wills

Jazmine Clemens

 

 

About Altona Rare Earths Plc

 

Altona is a resource exploration and development company focused on Rare
Earths in Africa. The Company is listed on the Main Market of the London Stock
Exchange.

 

Rare Earths are a group of 17 chemical elements, many of which are critical to
the World's on-going transition from carbon-based to renewable energies, and
to the defence and communication sectors.

 

The Company currently focuses on the development of Monte Muambe, its flagship
Magnet Rare Earths Project, located in Northwest Mozambique. The project was
acquired in June 2021, and the Company has so far drilled over 7,000m, to
support its maiden JORC Mineral Resource Statement which will be published in
the Third Quarter of 2023.

 

Altona continues to take advantage of its position in Africa to assess other
possible Rare Earths opportunities on the Continent.

 

For more information visit: www.altonaRE.com (http://www.altonaRE.com)

 

 

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