REG - First Class Metals - Issue of Equity & Total Voting Rights

FIRST CLASS METALSAnnouncement

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RNS Number : 9725U  First Class Metals PLC  02 March 2026

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.

 

 

FIRST CLASS METALS PLC

Issue of Equity & Total Voting Rights

 

First Class Metals PLC ("First Class Metals", "FCM" or the "Company") the UK
listed company focused on the discovery of economic metal deposits across its
exploration properties in Ontario, Canada, announces it has received a
conversion notice in respect of a portion of the Notes(*) issued pursuant to
the Convertible Loan Note instrument announced on 12 November 2025 as detailed
below.

 

 Notes to be converted: * & **                                     63,000
 Value of Notes to be converted:                                   £63,000
 Date of conversion:                                               27/02/2026
 Number of Ordinary shares to be issued to satisfy the conversion  7,708,496

 

* Notes = 500,000 £1.00 interest-free convertible loan notes

** Using the conversion formula set out in the 12 Nov 2025 announcement

 

Application will be made to the London Stock Exchange for the 7,708,496 new
Ordinary shares to be admitted to trading on the Main Market for listed
securities ("Admission") and it is expected that such Admission will take
place at 8.00 a.m. on or around on 6th March 2026.

 

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 above new Ordinary shares, its issued ordinary share capital
will comprise 265,405,704 Ordinary Shares. All 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 265,405,704. 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 a change to their interest in, the Company.

 

For further information, please contact:

James Knowles, Executive Chair

Email: JamesK@Firstclassmetalsplc.com (mailto:JamesK@Firstclassmetalsplc.com)

Tel: 07488 362641

Marc J Sale, CEO

Email: MarcS@Firstclassmetalsplc.com (mailto:MarcS@Firstclassmetalsplc.com)

Tel: 07711 093532

AlbR Capital Limited

David Coffman / Dan Harris

Website: www.albrcapital.com (http://www.albrcapital.com/)

Tel: (0)20 7469 0930

Axis Capital Markets (Broker)

Lewis Jones

Website: Axcap247.com (http://www.axcap247.com)

Tel: (0)203 026 0449

 

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