REG - Egdon Resources PLC - Exercise of warrants and total voting rights

Egdon ResourcesAnnouncement

25/05/2022 12:30

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RNS Number : 7931M  Egdon Resources PLC  25 May 2022

 

25 May 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Exercise of Warrants, Issue of New Shares and Total Voting Rights

Egdon Resources plc (AIM:EDR) has received notice of the exercise of Warrants
and can advise the issue of new Ordinary Shares in the Company of 1p each
("Ordinary Shares") as follows.

The Warrants

In July 2021 the Company raised £1.44 million through the issue of
115,228,000 new Ordinary Shares at a price of 1.25 pence per share. In
addition, each two Subscription Shares were granted a right to subscribe for
one new Ordinary Share at a price of 2.5 pence per share, (the "Warrant").

Exercise of Warrants and Issue of New Ordinary Shares

 Number of Warrants being reported as Exercised  Number of 1p new Ordinary Shares issued  Consideration Received at 2.5p per share
 400,000                                         400,000                                  £10,000.00

Application for Admission of New Ordinary Shares to AIM

An application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on the AIM Market of the London Stock
Exchange with admission expected to become effective on or around 31 May 2022.

The new Ordinary Shares will rank pari passu with the Company's existing
Ordinary Shares in all respects.

Outstanding Warrants

Following the exercise of the Warrants reported above 49,999,000 Warrants
remain outstanding and are exercisable at any time until 23 July 2023.

Total Voting Rights

Following admission of the new Ordinary Shares on or around 31 May 2022 the
issued share capital of the Company will be 524,392,031 Ordinary Shares, each
with voting rights.  This figure 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 Disclosure and Transparency Rules.

For further information please contact:

Egdon Resources plc

Mark Abbott, Martin
Durham
01256 702 292

 

Buchanan

Ben Romney, Jon Krinks
                                           020 7466 5000

 

Nominated Adviser & Joint Broker - WH Ireland
Limited

Chris Hardie, Megan Liddell
                                       020 7220 1666

 

Joint Broker & Financial Advisors - VSA Capital Limited

Andrew Monk (Corporate
Broking)
020 3005 5000

Andrew Raca (Corporate Finance)

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain

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