REG-Altyn Plc Capital Reorganisation

AltyngoldAnnouncement

20/11/2020 11:50

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201120:nBwc5hNNWa


Capital Reorganisation

 

Altyn Plc

("Altyn" or the "Company")

Finalisation of share consolidation and change of name

As described in the circular issued by the Company on 23 October 2020, and
following the approval of the relevant resolution by shareholders of the
Company in the General Meeting held on 20 November 2020, the issued share
capital of the Company, being 2,733,293,311 ordinary shares of £0.001 each at
the date of this announcement, will be consolidated on the basis of 100
ordinary shares of £0.001 each for one new ordinary share of £0.10 with a
new ISIN of GB00BMH19X50 ("New Ordinary Shares") (the "Consolidation").

The Consolidation will result in the 2,733,293,400 ordinary shares of £0.10
each being consolidated into 27,332,934 New Ordinary Shares with effect from
20 November 2020.

Any fractional entitlements arising on the Consolidation will be aggregated
and sold in the market for the best price reasonably obtainable and the net
proceeds will retained by the Company as advised in the circular.

The figure of 27,332,934 may be used by shareholders and others as the
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
share capital of the Company under the UK Financial Conduct Authority's
Disclosure Guidance and Transparency Rules, on completion of the
consolidation.

An application has been, or will be made for the New Ordinary Shares, which
will have the same rights and will be subject to the same restrictions as
ordinary shares in issue prior to the Consolidation, to be admitted to the
Official List of the United Kingdom Listing Authority, to trading on the
London Stock Exchange's Main Market for listed securities ("Admission"). It is
expected that the Admission will occur on 23 November 2020.

For shareholders, those holding shares in CREST on the record date of 20
November 2020 will have their CREST accounts credited with the New Ordinary
Shares on 23 November 2020.

New share certificates will be issued to non-CREST shareholders in
substitution for their existing share certificates. All existing share
certificates will be invalid and will be cancelled and new share certificates
will be dispatched to those shareholders who hold their shares in certificated
form on the record date of 20 November 2020.

The dates and times for the Consolidation are set out below:
                                                                                                    
                                                                                                    
 Last day to trade in the existing ordinary shares on the LSE                20 November 2020       
 Record date in the UK for the Consolidation and the disablement of the      20 November 2020       
 existing ISIN (6.00 p.m.)                                                                          
 Trading in the New Ordinary Shares under the new ISIN on the LSE commences  23 November 2020       
 New Ordinary Shares credited within CREST                                   23 November 2020       
 Share certificates dispatched                                               From 23 November 2020  


The resolution in relation to the change of name was passed at the General
meeting on 20 November 2020, shareholders will be updated as the formalities
of the name change are finalised.

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra

+44 (0) 207 932 2455

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.

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is
listed on the main market segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyn.uk&esheet=52333222&newsitemid=20201120005369&lan=en-US&anchor=www.altyn.uk&index=1&md5=09abeae5b3f8d0e34692780a81e871b7)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20201120005369/en/
(https://www.businesswire.com/news/home/20201120005369/en/)

Altyn Plc


Copyright Business Wire 2020