REG - Beowulf Mining PLC - Last day of trading in Paid Subscribed SDRs

Beowulf MiningAnnouncement

16/03/2023 07:00

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RNS Number : 1214T  Beowulf Mining PLC  16 March 2023

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ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE
SECURITIES LAWS OF SUCH JURISDICTIONS.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN
BEOWULF MINING PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS
ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE
RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF BEOWULF
MINING PLC.

 

16 March 2023

 

Beowulf Mining plc

 

("Beowulf" or the "Company")

 

Last day of trading in Paid Subscribed SDRs

 

Beowulf (AIM: BEM; Spotlight: BEO) hereby announces that the last day of
trading in Paid Subscribed SDRs of the SDR Rights Issue (the "Rights Issue")
is 21 March 2023, in accordance with the previously published timetable.

 

Following registration of New SDRs in the VPC system, Paid Subscribed SDRs
will be automatically converted into New SDRs without any special notification
from Euroclear Sweden. The New SDRs are expected to be available on VPC
accounts on or around 27 March 2023.

 

Definitions

Capitalised terms used but not otherwise defined in this announcement shall
have the meaning given to them in the Company's announcement dated 25 January
2023
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x5z9v8x
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x5z9v8x)
).

 

 

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer, Tel: +44 (0) 20 7583 8304

 

Sedermera Corporate Finance AB

Tel:  +46 (0) 40-615 14 10

SP Angel Corporate Finance LLP

Ewan Leggat / Stuart Gledhill / Adam Cowl

Tel: +44 (0) 20 3470 0470

 

Bird & Bird Advokat KB

Tel:  +46 (0)8 506 320 00

 

BlytheRay

Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204

 

 

Cautionary Statement

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to, (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecasts.

 

Disclaimer

Sedermera is acting as the Swedish financial adviser and broker to the Company
in relation to the Rights Issue. Nordic Issuing AB is providing issuing
services for the Rights Issue. Shark Communication AB has assisted the Company
in the preparation of this announcement. The Directors are responsible for the
contents of this announcement and Sedermera, Nordic Issuing AB and Shark
Communication AB disclaim all responsibility in relation to Shareholders and
SDR Holders and for other direct or indirect consequences as a result of
investment decisions or other decisions based on the information in this
announcement.

 

Apart from the responsibilities and liabilities, if any, which may be imposed
on Sedermera under the Swedish Securities Markets Act (Swedish: lagen
(2007:528) om värdepappersmarknaden) or under the regulatory regime of any
jurisdiction where exclusion of liability under the relevant regulatory regime
would be illegal, void or unenforceable, neither Sedermera, nor any of its
affiliates, accepts any responsibility whatsoever for the contents of this
announcement including its accuracy, completeness and verification or for any
other statement made or purported to be made by it, or on its behalf, and
nothing in this announcement is or shall be relied upon as a promise or
representation in this respect, whether as to the past or future. Sedermera
and its affiliates accordingly disclaim, to the fullest extent permitted by
applicable law, all and any liability whether arising in tort, contract or
otherwise (save as referred to above) which they might otherwise be found to
have in respect of this announcement or any such statement. No representation
or warranty express or implied, is made by Sedermera or any of its affiliates
as to the accuracy, completeness, verification or sufficiency of the
information set out in this announcement , and nothing in this announcement
will be relied upon as a promise or representation in this respect, whether or
not to the past or future.

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