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RNS Number : 8272G Arc Minerals Limited 31 March 2022
31 March 2022
Arc Minerals Ltd
('Arc Minerals' or the 'Company')
Grant of Options
Further to the Settlement Agreement as first announced on 18 February 2022,
the Company announces the grant of options to the claimant parties over
3,000,000 new ordinary shares of no par value ("Ordinary Shares") of the
Company ("Share Options") with an exercise price of 5 pence per Ordinary
Share. The Share Options are exercisable immediately and will expire on 31
March 2024.
Following the grant of the Share Options there will be a total of 20,133,334
share options over unissued Ordinary Shares, representing approximately 1.75%
of the Company's current issued Ordinary Share capital of 1,150,519,886.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.
**ENDS**
Contacts
Arc Minerals Ltd +44 (0) 20 7917 2942
Nick von Schirnding (Executive Chairman)
SP Angel (Nominated Adviser & Joint Broker) +44 (0) 20 3470 0470
Ewan Leggat / Adam Cowl
WH Ireland Limited (Joint Broker) +44 (0) 20 7220 1666
Harry Ansell / Katy Mitchell
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