REG - Arc Minerals Limited - Issue of Shares

ARC MineralsAnnouncement

23/02/2024 16:30

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RNS Number : 3327E  Arc Minerals Limited  23 February 2024

23 February 2024

Arc Minerals Ltd

('Arc Minerals' or the 'Company')

Issue of Shares

Arc Minerals announces that it has today issued 746,664 new ordinary shares of
no par value in the share capital of the Company ("Ordinary Shares") at a
deemed price of 2.33 pence per share as consideration to SP Angel for advisory
services rendered to the Company ("Consideration Shares").

 

Application will be made to the London Stock Exchange plc for the 746,664
Consideration Shares to be admitted to trading on AIM ("Admission") with
Admission expected to occur on or around 29 February 2024. The New Ordinary
Shares will rank pari passu in all respects with the existing Ordinary Shares
including the right to receive any dividend or other distribution thereafter
declared, made or paid. There are no Ordinary Shares held in treasury.
Following Admission of the 746,664 New Ordinary Shares the total number of
voting rights in the Company will be 1,233,065,129.

 

**ENDS**

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

 

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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