REG - Arkle Resources PLC - Exercise of Warrants

Arkle ResourcesAnnouncement

28/04/2022 12:15

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RNS Number : 7301J  Arkle Resources PLC  28 April 2022

 

 

28 April 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 9,320,000 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 5 May 2022
("Admission"). The proceeds of the exercise of GBP 46,600 will be used for
additional working capital.

 

Total Voting Rights

 

Following Admission, Arkle will have 345,382,426 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

 

BlytheRay
                         +44 (0) 207 138 3204

Megan Ray

Rachael Brooks

 

Teneo

Luke Hogg
                           +353 (0) 1 661 4055

Ciara Wylie
                           +353 (0) 1 661 4055

 

 

 

 

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