REG - Corpus Resources PLC - Correction: Placing and PDMR

Corpus ResourcesAnnouncement

18/02/2025 16:30

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RNS Number : 5738X  Corpus Resources PLC  18 February 2025

Corpus Resources Plc

 

("Corpus" or the "Company")

 

Correction: Placing

Admission of Placing Shares and PDMR

 

The following amendment has been made to the "Placing" announcement, released
on 11 February 2025 at 2.41pm under the RNS No: 7306W and to the "Admission of
Placing Shares and PDMR" announcement, released on 14 February 2025 at 3.31pm
under the RNS No: 2358X:

(1)  Richard Glass subscribed to 413,999,997 Placing Shares and not to
413,405,304 Placing Shares, as previously announced.

(2)  PDRM forms: Aggregated volume(s) of 413,999,997 Ordinary Shares and
price of £62,100 instead of 413,405,304 Ordinary Shares and price of
£62,010.80 respectively.

For the avoidance of doubt, the total number of the Placing Shares being
issued, pursuant to the Placing, is 659,999,997 Placing Shares, remains
unchanged and a correction to the associated PDMR form, related to the
"Admission of Placing Shares and PDMR" announcement, released on 14 February
2025 at 3.31pm under the RNS No: 2358X, can be found at the end of this
announcement.

As stated in the announcement on 14 February 2025, an application has been
made to the London Stock Exchange for the 659,999,997 Placing Shares to be
admitted to the Official List and to trading on the Main Market of the London
Stock Exchange ("Admission") and it is expected that Admission and settlement
of the Placing Shares will become effective on or around 19 February 2025. All
other details remain unchanged.

The full amended text is shown below:

18 February 2025

 

Corpus Resources Plc

("Corpus" or the "Company")

Placing

Corpus Resources Plc (LSE: COR), announces that it has raised £99,000, before
expenses, through a placing of 659,999,997 new ordinary shares of 0.01p each
("Ordinary Shares") in the Company ("Placing Shares") at a price of 0.015
pence per new Ordinary Share (the "Issue Price") (the "Placing"). The Placing
Shares each have an attaching grant of warrants ("Warrants") on a one-for-one
basis, exercisable subject to the publication of a prospectus, at a price of
0.05 pence per ordinary share, with the Warrants expiring on the third
anniversary of the admission to trading date of the Placing Shares.

The Placing Shares will represent approximately 35 per cent. of the Company's
enlarged issued share capital, following the Placing. The Issue Price
represents a discount of approximately 33 per cent. to the current mid-market
price of 0.0225 pence per Ordinary Share.

The net proceeds of the Placing will be used for working capital and to
progress reverse takeover efforts.  Further announcements will be made by the
Company in due course as appropriate.

Following Admission of the Placing Shares, the Company's issued ordinary share
capital will comprise 1,892,973,462 ordinary shares. Therefore, following
Admission the total number of ordinary shares with voting rights in the
Company will be 1,892,973,462, which may 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 Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

The Company is currently unable to admit the entirety of the Placing Shares
without either the publication of a prospectus or relying upon an exemption to
the requirement to issue a prospectus. Consequently, the Placing involves a
subscription by Richard Glass, a director of Corpus, for 413,999,997 Placing
Shares in the Company, at the Placing Price being 0.015 pence per ordinary
share. Following Admission, Mr Glass has agreed to immediately sell these
413,999,997 Placing Shares, at the Placing Price, to certain investors
introduced by Peterhouse.

For further information please contact:

 Corpus Resources Plc
 Paul Forrest/Richard Glass                     info@corpusresources.com
                                                www.corpusresources.com

 Peterhouse Capital Limited (Corporate Broker)  020 7469 0936

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                          Richard Glass

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer, or auction monitor

 a)   Name                                                         Corpus Resources Plc

 b)   LEI                                                          213800NFARY38KGRAH47

 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 0.01 pence each in Corpus Resources Plc

      Identification code                                          GB00BD97ND60

 b)   Nature of the transaction                                    Purchase of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.015 pence       413,999,997 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          413,999,997

      - Price                                                      £62,100

 e)   Date of the transaction                                      11/02/2025

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                          Richard Glass

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer, or auction monitor

 a)   Name                                                         Corpus Resources Plc

 b)   LEI                                                          213800NFARY38KGRAH47

 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 0.01 pence each in Corpus Resources Plc

      Identification code                                          GB00BD97ND60

 b)   Nature of the transaction                                    Disposal of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.015 pence       413,999,997 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          413,999,997

      - Price                                                      £62,100

 e)   Date of the transaction                                      11/02/2025

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

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