REG - Bens Creek Group PLC - Exercise of options and change to TVR

Bens CreekAnnouncement

04/05/2023 11:45

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RNS Number : 4551Y  Bens Creek Group PLC  04 May 2023

4 May 2023

 

Bens Creek Group plc

 

("Bens Creek", the "Group" or the "Company")

 

Exercise of options and change to total voting rights

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in
North America supplying the steel industry, announces that it has received
notices for the exercise of options to subscribe for 550,000 new ordinary
shares of 0.1 pence each in the Company (the "New Ordinary Shares").  The
exercise price is 5 pence per New Ordinary Share. These options have been
exercised by a current employee and a former employee of the Company and will
generate proceeds of £27,500 for the Company.

Application has been made for the 550,000 New Ordinary Shares to be admitted
to trading on AIM ("Admission") and it is expected that Admission will occur
on or around 11 May 2023.

Upon Admission, the Company's issued share capital will consist of 399,273,728
Ordinary Shares with one voting right each. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares
and voting rights in the Company will be 399,273,728. With effect from
Admission, this figure may be used by shareholders in the Company 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
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

For further information please contact:

 

 Bens Creek Group plc                +44 (0) 204 558 2300

 Adam Wilson, CEO

 Peter Shea, Chief of Staff

 Allenby Capital Limited (Nominated Adviser and Joint Broker)          +44 (0) 203 328 5656

 Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 WH Ireland Limited (Joint Broker)   +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

 

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