REG - Hummingbird Res. - Result of GM, Director Dealing and TVR

Hummingbird ResourcesAnnouncement

10/01/2024 14:30

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RNS Number : 2913Z  Hummingbird Resources PLC  10 January 2024

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

10 January 2024

Hummingbird Resources plc

("Hummingbird" or the "Company")

Result of General Meeting, Director Dealing and TVR

Hummingbird Resources plc (AIM: HUM) is pleased to announce that all
resolutions were duly passed at the General Meeting held earlier today.

As detailed in the 10 January 2024 update, with the Resolutions now passed
at the General Meeting, the sum of the CIG Subscription, the Subscription and
the Open Offer, results in total gross proceeds for the Company of c.US$28.1
million (c.£22.2 million).

Following the issue of the CIG Second Tranche Shares, CIG will have a holding
of 334,665,274 Ordinary Shares, representing an interest of 41.9 per cent. in
the share capital of the Company as enlarged by the fundraising.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission of
the 142,522,475 CIG Second Tranche Shares, 13,987,560 Second Tranche
Subscription Shares and 2,369,119 Open Offer Shares to trading on AIM, which
is expected to take effect on or around 11 January 2024 (''Admission'').

Following Admission, the Company's issued share capital will consist of
799,374,658 Ordinary Shares, all with voting rights. The Company currently
does not hold shares in treasury. The total number of voting rights in the
Company following Admission is therefore 799,374,658, which may be used by
shareholders as the denominator for the 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.

Director Dealings

As previously announced on 21 December 2023, Ernie Nutter, Non-Executive
Director of the Company, conditionally subscribed for 6,993,780 Second Tranche
Subscription Shares, representing a shareholding of approximately 0.9 per
cent. of the Company's issued share capital as enlarged by the fundraising.
Please refer to the below PDMR notification in this regard.

As announced today, Tom Hill, Finance Director of the Company, participated
in the Open Offer through an application for 150,000 Open Offer Shares. Please
refer to the Company's earlier announcement today for the PDMR notification in
this regard.

Unless otherwise defined, capitalised terms have the same meaning as per the
Company's circular dated 21 December 2023.

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                                                         Ernie Nutter
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer, or auction monitor
 a)  Name                                                         Hummingbird Resources Plc
 b)  LEI                                                          213800PBYMQ6Z2D7UZ96
 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  Ordinary Shares of 1 penny each
     Identification code                                          GB00B60BWY28
 b)  Nature of the Transaction                                    Purchase of Ordinary Shares
 c)  Transfer Price(s) and volume(s)                              Price(s)  Volume(s)
                                                                  11.2625   6,993,780
 d)  Aggregated information                                       N/A, single transaction

     Aggregated volume Price
 e)  Date of the transaction                                      10 January 2024
 f)  Place of the transaction                                     London

d)

Aggregated information

Aggregated volume Price

N/A, single transaction

e)

Date of the transaction

10 January 2024

f)

Place of the transaction

London

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold producing Company, member of the World Gold
Council and founding member of Single Mine Origin (www.singlemineorigin.com
(http://www.singlemineorigin.com/) ). The Company currently has two core gold
projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa
Gold Mine in Guinea, which will more than double current gold production
once at commercial production. Further, the Company has a controlling interest
in the Dugbe Gold Project in Liberia that is being developed by joint
venture partners, Pasofino Gold Limited. The final feasibility results on
Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year
capex payback period once in production, and a 14-year life of mine at a low
AISC profile. Our vision is to continue to grow our asset base, producing
profitable ounces, while central to all we do being our Environmental, Social
& Governance ("ESG") policies and practices.

 

For further information, please visit hummingbirdresources.co.uk
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser
 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

                         Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 George Pope

 

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