REG - Arkle Resources PLC - Exercise of Warrants

Arkle ResourcesAnnouncement

22/02/2022 07:00

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RNS Number : 3375C  Arkle Resources PLC  22 February 2022

 

 

22 February 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Exercise of Warrants

 

Arkle announces that, pursuant to the receipt of warrant conversion notices,
it has issued 30,080,000 ordinary shares of EUR0.0025 each ("Ordinary Shares")
at the exercise price of 0.5 pence per share ("New Shares").

 

Application has been made for the New Shares, which will rank pari passu with
the existing Ordinary Shares, to be admitted to trading on AIM and it is
expected that this will take place at 8.00 a.m. on or around 25 February 2022
("Admission"). The proceeds of the exercise of GBP 150,400 will be used for
additional working capital.

 

Directors' Holdings

 

The exercise of warrants includes warrants held by certain directors of the
Company as follows:

 

 Name            Number of warrants exercised  Resultant shareholding  % of issued share capital

 James Finn      2,500,000                     14,063,527              4.18
 David Cockbill  2,000,000                     4,935,408               1.47

 

Total Voting Rights

 

Following Admission, Arkle will have 336,062,426 Ordinary Shares in issue
which will also represent the total number of voting rights in the Company.
The above figure should 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 under the FCA's
Disclosure and Transparency Rules.

 

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.

 

The person who arranged for the release of this announcement on behalf of the
Company was Jim Finn, Director.

 

A copy of this announcement is available on the Company's website, at
www.arkleresources.com

 

ENDS

 

Enquiries:

 

 

Arkle Resources PLC

John Teeling, Chairman
                                  +353 (0) 1
833 2833

Jim Finn, Finance Director
                                 +353 (0) 1
833 2833

 

 

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Matthew Johnson/Adam Cowl
                         +44 (0) 203 470 0470

 

First Equity Limited

Joint Broker

Jason Robertson
 
 +44 (0) 207 374 2212

 

Blytheweigh
                                      +44
(0) 207 138 3204

Megan Ray

Rachael Brooks

 

Teneo

Luke Hogg
 
 +353 (0) 1 661 4055

Ross Murphy
 
 +353 (0) 1 661 4055

 

 

 

 

 

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 1   Details  of  the  persons   discharging  managerial   responsibilities I persons
     closely associated
 a)  Names                                                                 1.    James Finn

                                                                           2.    David Cockbill

 2   Reason for the notification
 a)  Position/status                                                       1.   Financial Director/Company Secretary

                                                                           2.   Non-Executive Director

 b)  Initial notification /Amendment                                       Initial notification
 3   Details  of  the  issuer
 a)  Name                                                                  Arkle Resources PLC
 b)  LEI                                                                   213800CTOO8MOLMNEQ44
 4   Details of the transaction(s): section to be repeated  for (i) each type of instrument;
     (ii) each type of transaction; (iii) each date; and (iv) each place where transactions
     have been conducted
 a)  Description  of the financial  instrument, type of instrument         Ordinary Shares of €0.0025 each.

     Identification code                                                   ISIN for Ordinary Shares:          IE00B2357X72
 b)  Nature of the transaction                                             Exercise of warrants
 c)  Price(s) and volume(s)                                                Price(s)  Volume(s)
                                                                           0.5p      2,500,000

                                                                           0.5p      2,000,000

 d)  Aggregated information                                                Price(s)  Volume(s)

                                                                     0.5p      4,500,000
     - Aggregated volume

     - Price

 e)  Date of the transaction                                               21 February 2022
 f)  Place of the transaction                                              Off-market

d)

Aggregated information

- Aggregated volume

- Price

 

 Price(s)  Volume(s)
 0.5p      4,500,000

e)

Date of the transaction

21 February 2022

f)

Place of the transaction

Off-market

 

 

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