REG - GreenX Metals Ltd - Issue of Shares on Conversion of Convertible Note

GreenX MetalsAnnouncement

22/05/2024 07:00

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RNS Number : 4217P  GreenX Metals Limited  22 May 2024

 

NEWS RELEASE 22 MAY 2024

 

ISSUE OF SHARES ON CONVERSION OF CONVERTIBLE NOTE

 

GreenX Metals Limited (ASX:GRX, LSE:GRX) (GreenX or the Company) advises that
it has issued 5,711,805 ordinary fully paid shares (Shares) upon the
conversion of a convertible loan note that had a principal amount of
A$2,627,430 (Convertible Note).

 

An application will be made for admission of the Shares to the standard
listing segment of the Official List of the FCA (Official List) and to trading
on the main market of the London Stock Exchange for listed securities (LSE
Admission). LSE Admission is expected to take place on or before 31 May 2024.

 

For the purposes of the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules (DTRs), following LSE Admission, the Company's issued
ordinary share capital will be 278,901,032 ordinary shares. The above figure
of 278,901,032 may be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company following LSE
Admission

 

Following the issue of Shares, GreenX has the following securities on issue:

·      278,901,032 ordinary fully paid shares;

·      4,775,000 unlisted options exercisable at A$0.45 each on or
before 30 November 2025;

·      5,525,000 unlisted options exercisable at A$0.55 each on or
before 30 November 2026; and

·      11,000,000 performance rights that have an expiry date 8 October
2026;

Classification:   2.2 Inside Information

2.5 Total number of voting rights and capital

 

Enquiries:

 

 GreenX Metals Limited            Tel: +61 8 9322 6322
 Dylan Browne, Company Secretary  Email: info@greenxmetals.com (mailto:info@greenxmetals.com)

 

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 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('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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