REG - Arc Minerals Limited - Share Buyback and associated cancellation

ARC MineralsAnnouncement

08/04/2024 10:15

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RNS Number : 6748J  Arc Minerals Limited  08 April 2024

Arc Minerals Ltd

('Arc' or the 'Company')

Share Buyback and associated cancellation of ordinary shares: Update

Total Voting Rights

The Company provides an update following the successful completion of the
Share Buyback announced on 26 March 2024. Due to administrative delays it is
now anticipated that the cancellation of 22,539,746 ordinary shares of no par
value each (the "Buyback Shares") will now take place on or around 22 April
2024, instead of 4 April 2024 as previously announced. Pending the
cancellation of the Buyback Shares, the Buyback Shares will now be held in
Treasury.

There are a total of 22,539,746 Ordinary Shares held in Treasury by the
Company.

Total Voting Rights Update

The current total number of Ordinary Shares in the capital of the Company in
issue is 1,446,014,263 with associated voting rights, with a further
22,539,747 ordinary shares, being the Buyback Shares, now held in Treasury.

The Company confirms that following the cancellation of the Buyback Shares on
or around 22 April 2024, the total number of Ordinary Shares in the capital of
the Company in issue will be 1,446,014,263 with associated voting rights
with no ordinary shares held in Treasury. This figure may be used by
shareholders 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 Company's share capital pursuant to the Company's
articles of association.

As a result of the cancellation of the Buyback Shares, each shareholders'
percentage shareholding will increase and accordingly, each shareholder should
ensure that they comply with their obligations under Article 24.1 of the
Company's Articles of Association (which can be found on the Company's website
at https://www.arcminerals.com (https://www.arcminerals.com/) ) to disclose
interests in the total voting rights of the Company.

Contacts

 Arc Minerals Ltd                           +44 (0) 20 7917 2942

 Nick von Schirnding (Executive Chairman)

 WH Ireland Limited (Nomad and  Broker)     +44 (0) 20 7220 1666

 Harry Ansell / Katy Mitchell

 

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