Issue of Equity
10/07/2023 07:00
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RNS Number : 4759F URA Holdings PLC 10 July 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.
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) REGULATIIONS (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
URA Holdings plc
("URA" or "Company")
Conversion of Convertible Loan Note (CLN) and issue of equity
Following the passing of Resolution 10 at the Company's annual General
Meeting, held on 30 June 2023 and in accordance with the terms of the CLN
Agreement between the Company and Austin Acquisition 1 Limited (AA), the
investing company of Andrew Austin, the £50,000 of £1 Convertible Loan Notes
held by AA have been duly converted in to 2,500,000 ordinary shares of the
Company at a conversion price of £0.02 per share.
Application for Admission
Application will be made for the Subscription Shares to be admitted to trading
on the Main Market of the London Stock Exchange. It is expected that admission
will become effective on 14 July 2023.
The Subscription Shares will, on admission, rank pari passu in all respects
with the Ordinary Shares in issue and will rank in full for all dividends and
other distributions hereafter declared, paid or made on the ordinary share
capital of the Company.
Total Voting Rights
Following the issue of the Subscription Shares, the Company will have
158,345,590 Ordinary Shares in issue, each share carrying the right to one
vote.
This figure of 158,345,590 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For the purposes of UK MAR, the person who arranged the release of this
information is Bernard Olivier, Chief Executive Officer of URA.
Enquiries:
URA Holdings plc
CEO
Bernard Olivier +44 (0)746 368 6497
COO
Jeremy Sturgess-Smith
info@uraholdingsplc.co.uk (about:blank)
Peterhouse Capital Limited +44 (0)20 7469 0930
Corporate Broker
Lucy Williams
Duncan Vasey
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