Issue of Equity
01/09/2023 10:47
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RNS Number : 1361L URA Holdings PLC 01 September 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 PURPOSE OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF UNITED KINGDOM ("UK") DOMESTIC LAW
PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310)
("UK MAR"). MARKET SOUNDINGS WERE TAKEN FROM CERTAIN PERSONS IN RELATION TO
THE PLACING AND THE SUBSCRIPTION. THIS INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION
OF INSIDE INFORMATION.
URA Holdings plc
("URA" or the "Company")
Placing and Subscription to raise £240,000 in ordinary shares (the
"Fundraise")
URA is pleased to announce that it has raised £240,000 (before expenses)
through a placing and subscription, issuing in aggregate 10,00,000 new
ordinary shares in the capital of the Company ("New Ordinary Shares") at an
issue price of 2.4p per New Ordinary Share. The placing and subscription were
limited by the maximum amount the Company can currently place within its
existing disapplation of pre-emption rights authority.
The Fundraise was conducted at a 7.69% discount to the mid-market closing
price on 31 August 2023 and is within the existing authority to issue shares
for cash on a non pre-emptive basis.
As a further component of the Fundraise, the Company executed a warrant
instrument, issuing 125,000 warrants to Peterhouse Capital Limited in
accordance with their engagement letter at an exercise price of 2.4p per
ordinary share for a period of three years.
The proceeds of the Fundraise will be used to purchase critical equipment and
machinery required for the restart of mining operations at the Gravelotte
Emerald Mine and for general working capital.
The following Directors participated in the Subscription:
Director
Subscription Amount Number of New Ordinary Shares
Edward Nealon
£15,000 625,000
Peter Redmond
£15,000 625,000
Ed Nealon, Chairman of URA Holdings Plc commented:- "I would like to again
thank our existing shareholders for their ongoing support and would also like
to welcome the new shareholders who have participated in this placement. I
would like to thank the board, who again contributed over 10% of the
placement, as well as our management team for their dedication and hard work
as we progress ever closer to trial mining and production phase."
Additional information
Applications for Admission
Applications will be made for the New Ordinary Shares to be admitted to
standard segment of the official list and to trading on the Main Market for
listed securities of London Stock Exchange plc. It is expected that admission
will become effective on 6 September 2023.
The New Ordinary Shares will, on admission, rank pari passu in all respects
with the ordinary shares currently 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 New Ordinary Shares, the Company will have
172,345,590 ordinary shares in issue, each share carrying the right to one
vote.
This figure of 172,345,590 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
Guidance and Transparency Rules.
-Ends-
URA Holdings plc +44 (0)746 368 6497
CEO info@uraholdingsplc.co.uk (about%3Ablank)
Bernard Olivier
COO
Jeremy Sturgess-Smith
Director
Peter Redmond
Peterhouse Capital Limited +44 (0)20 7469 0930
Corporate Broker
Lucy Williams
Duncan Vasey
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Edward Nealon
2 Reason for the notification
a) Position/status Chairman
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer, or auction monitor
a) Name URA Holdings plc
b) LEI 213800U6Z250COBY7781
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
Identification code Ordinary Shares
ISIN: GB00BD2B4T80
b) Nature of the transaction Subscription for ordinary shares
c) Price(s) and volume(s) 625,000 Ordinary Shares at £0.024 per share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 1 September 2023
f) Place of the transaction Off Market
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Peter Redmond
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer, or auction monitor
a) Name URA Holdings plc
b) LEI 213800U6Z250COBY7781
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
Identification code Ordinary Shares
ISIN: GB00BD2B4T80
b) Nature of the transaction Subscription for ordinary shares
c) Price(s) and volume(s) 625,000 Ordinary Shares at £0.024 per share
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 1 September 2023
f) Place of the transaction Off Market
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