REG - Andrada Mining Ltd - Exercise of Share Options

Andrada MiningAnnouncement

17/10/2024 17:30

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RNS Number : 6692I  Andrada Mining Limited  17 October 2024

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 will be in the public domain.
Andrada Mining LimiteD

("Andrada" or the "Company")

Exercise of share options

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a critical raw materials
producer with mining and exploration assets in Namibia, has received
notification that one of Andrada's option holders has exercised 800 000
options over ordinary shares in the Company, at a price of three (3) pence per
ordinary share.  Accordingly, the Company has today issued 800 000 ordinary
shares to satisfy this exercise. Application has been made to admit the Option
Shares to trading on AIM and it is anticipated that the application will be
effected and dealings will commence on 23 October 2024 ("Admission").

Disclosure and Transparency Rules

In accordance with the provisions of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, upon
Admission its issued share capital will comprise 1 654 287 606 Ordinary
Shares of no-par value upon Admission (the "Enlarged Share Capital").

All Ordinary Shares have equal voting rights and none of them are held in
treasury. The total number of voting rights in the Company will therefore be
1 654 287 606 upon Admission. This total voting rights figure may be used
by shareholders as the denominator for the calculations by which they will
determine whether they are required to notify their interests in, or a change
to their interest in, the Company under the DTRs.

CONTACT

 Andrada Mining                       +27 (11) 268 6555

Anthony Viljoen, CEO

 Sakhile Ndlovu, Investor Relations

 NOMINATED ADVISOR & BROKER
 Zeus Capital                          +44 (0) 20 2382 9500

Katy Mitchell

 Harry Ansell

 Andrew de Andrade

 CORPORATE BROKER & ADVISOR
 H&P Advisory Limited                 +44 (0) 20 7907 8500

Andrew Chubb

 Jay Ashfield

 Matt Hasson

 Berenberg                            +44 (0) 20 3753 3040

Jennifer Lee

 Natasha Ninkov

 FINANCIAL PUBLIC RELATIONS
 Tavistock (United Kingdom)           +44 (0) 207 920 3150

Emily Moss

                                    andrada@tavistock.co.uk
 Josephine Clerkin

 
About Andrada Mining Limited

Andrada is listed on the London Stock Exchange (AIM) with mining assets in
Namibia, a top-tier investment jurisdiction in Africa. Andrada strives to
produce critical raw materials from a large resource portfolio, to contribute
to a more sustainable future, improved living conditions and the upliftment of
communities adjacent to its operations. Leveraging its strong foundation in
Namibia, Andrada is on a strategic path to becoming a leading African producer
of critical metals including lithium, tin, tungsten, copper and tantalum.
These metals are important enablers of the green energy transition, and
essential for components of electric vehicles, solar panels and wind turbines.

 

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