REG - First Class Metals - Issue of Equity

FIRST CLASS METALSAnnouncement

19/12/2025 16:15

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RNS Number : 3379M  First Class Metals PLC  19 December 2025

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: * & **                                     47,500
 Value of Notes to be converted:                                   £47,500
 Date of conversion notice:                                        17/12/2025
 Number of Ordinary shares to be issued to satisfy the conversion  2,941,978

 

* 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 Financial Conduct Authority ("FCA") for
admission of the 2,941,978 new ordinary shares to the Official List (Standard
Segment), and to the London Stock Exchange for admission to trading on the
Main Market for listed securities (together, "Admission"). Admission is
expected to occur on or around 7 January 2026.

Following Admission, the Company's issued share capital will consist of
240,586,199 ordinary shares of 0.1p each, each with one voting right. The
Company does not hold any shares in treasury. Therefore, the total number of
voting rights in the Company will be 240,586,199. This figure may be used by
shareholders as the denominator for 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 FCA's Disclosure Guidance and Transparency
Rules.

For further information, please contact:

James Knowles, Executive Chair

Email: JamesK@Firstclassmetalsplc.com

Tel: 07488 362641

Marc J Sale, CEO and Executive Director

Email: MarcS@Firstclassmetalsplc.com

Tel: 07711 093532

AlbR Capital Limited (Financial Adviser)

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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