REG - Corcel PLC - Fundraising – Broker Option Issue of Shares - TVR

CorcelAnnouncement

16/08/2022 15:45

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RNS Number : 2200W  Corcel PLC  16 August 2022

16 August 2022

 

Corcel PLC

 

("Corcel" or the "Company")

 

Fundraising - Broker Option Issue of Shares - TVR

 

Corcel, the natural resource exploration and development company with
interests in battery metals and flexible energy generation and storage
announces that following the successful passing of the resolutions at the
General Meeting of the Company held on 15 August 2022 the Company has today
issued 5,330,000 new ordinary shares of £0.0001 each at a price of £0.004
(the 'Broker Option Shares') in respect of the Broker Option that formed part
of the fundraise announced to the Market on 20 July 2022 and 27 July 2022.

Application has been made for the 5,330,000 Broker Option Shares to be
admitted to trading on AIM and it is expected that their admission to AIM will
take place on or around 22 August 2022 ('Admission').

Following Admission, the Company's total issued share capital will consist of
530,208,295 Ordinary shares, with one voting right per share. The Company does
not hold any shares in treasury. Therefore, the total number of Ordinary
shares and voting rights in the Company will be 530,208,295 from Admission.
This figure may be used by shareholders in the Company as a denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change in their interest in, the share capital of the
Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

 

 

 

Scott Kaintz 020 7747 9960
                   Corcel Plc CEO

James Joyce / Andrew de Andrade 0207 220 1666                 WH
Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900
230
                 Vigo Consulting IR

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

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