REG - Corcel PLC - Placing and Directors’ Dealings

CorcelAnnouncement

05/04/2022 07:00

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RNS Number : 2287H  Corcel PLC  05 April 2022

 

Corcel PLC

("Corcel" or the "Company")

 

Placing and Directors' Dealings

 

05 April 2022

 

Corcel, the natural resource exploration and development company with
interests in battery metals and flexible energy generation and storage,
announces a placing of £35,000 to Company Directors.

Placing and Directors' Dealings

 

The Company announces that three Company Directors have subscribed for
£35,000 of equity (the "Placing") as previously announced on 16 March 2022 at
a price of £0.01525, the closing price of 4 April 2022, resulting in the
issuance of 2,295,080 new ordinary shares (the "Placing Shares").
 

Following the Placing, the resultant Directors' shareholdings are as follows:

 

 Directors         Ordinary Shares       Total Shares  % of Issued Share Capital  Warrants   Options

                   Direct     Indirect
 James Parsons     4,073,379  2,143,100  6,216,479     1.41%                      2,381,250  9,587,764
 Scott Kaintz      3,554,550  1,754,275  5,308,825     1.21%                      2,185,417  9,711,964
 Henry Bellingham  327,868    0          327,868       0.07%                      0          2,805,942

 

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 2,295,080 shares to be admitted to
trading on AIM, the admission of which it is expected on or around 11 April
2022.

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the Placing Shares its issued ordinary share capital will
comprise 439,981,746 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary
shares are held in Treasury. The total number of voting rights in the Company
will therefore be 439,981,746. The above figure may be used by shareholders as
the denominator for the calculations to determine if they are required to
notify their interests in, or change to their interest in, the Company.

 

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

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed
in accordance with the Company's obligations under Article 17.

 

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              1.James Parsons

                                                                                       2. Scott Kaintz

                                                                                       3. Henry Bellingham
 2                                   Reason for the notification
 a)                                  Position/status                                   1.PDMR (Executive Chairman)

                                                                                       2. PDMR (Chief Executive Officer)

                                                                                       3. PDMR (Non-Executive Officer)
 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Corcel plc
 b)  LEI                                                             2138009ECXQQ3EGKVY57
 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 £0.0001 each
     Identification code                                             GB00BKM69866
 b)  Nature of the transaction                                       Purchase of ordinary shares
 c)  Price(s) and volumes(s)                                         Price(s)                            Volume(s)
                                     1.£0.01525                                        983,606

                                     2. £0.01525                                       983,606

                                     3. £0.01525                                       327,868
 d)  Aggregated information                                          N/A
     Aggregated volume                                               N/A
     Price                                                           £0.01525
 e)  Date of the transaction                                         4 April 2022
 f)  Place of the transaction                                        AIMX

 

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