REG - Arc Minerals Limited - Option Exercise and TR1 Notification
RNS Number : 1620SArc Minerals Limited12 March 202112 March 2021
Arc Minerals Ltd
('Arc' or the 'Company')
Option Exercise and TR1 Notification
The Company announces that it has received notice from a former director of the Company to exercise options over a total of 700,000 new Ordinary Shares of no par value in the share capital of the Company (the "Option Shares") at a price of 3 pence per share. Accordingly, the Company has today issued the New Ordinary Shares for an aggregate cash consideration of £21,000.
Total Voting Rights
Application will be made to the London Stock Exchange plc for 700,000 Option Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 18 March 2021. The Option 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 700,000 Option Shares the total number of voting rights in the Company will be 1,049,164,936.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
ARC MINERALS LIMITED
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name
CANACCORD GENUITY GROUP INC
City and country of registered office (if applicable)
VANCOUVER, CANADA
4. Full name of shareholder(s) (if different from 3.)v
Name
DISCRETIONARY CLIENTS
City and country of registered office (if applicable)
As above
5. Date on which the threshold was crossed or reachedvi:
08 MARCH 2021
6. Date on which issuer notified (DD/MM/YYYY):
09 MARCH 2021
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
4.8207
4.8207
1,048,464,936
Position of previous notification (if
applicable)
5.3619
5.3619
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
sharesISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
VGG045791016
50,543,757
4.8207
SUBTOTAL 8. A
50,543,757
4.8207
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument
Expiration
datexExercise/
Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument
Expiration
datexExercise/
Conversion Period xiPhysical or cash
settlementxii
Number of voting rights
% of voting rights
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)X
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Canaccord Genuity Group Inc.
4.8207
4.8207
Canaccord Genuity Wealth Group Holdings Limited
4.8207
4.8207
Canaccord Genuity Wealth Group Holdings (Jersey) Limited
4.8207
4.8207
Canaccord Genuity Wealth (International) Holdings Limited
0.0001
0.0001
Canaccord Genuity Wealth (International) Limited
0.0001
0.0001
Canaccord Genuity Wealth Group Limited
4.8206
4.8206
Hargreave Hale Ltd
4.8206
4.8206
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
The change in the percentage of shares held is partly due to the admission of 1,000,000 new Arc Minerals Ltd shares to AIM on 08/03/2021.
Place of completion
BLACKPOOL, ENGLAND
Date of completion
09 MARCH 2021
For more information visit www.arcminerals.com.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman)
+44 (0) 20 7917 2942
SP Angel (Nominated Adviser & Joint Broker)
Ewan Leggat / Adam Cowl
+44 (0) 20 3470 0470
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell
+44 (0) 20 7220 1666
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