REG-IMC Exploration Group Plc: Admission of New Ordinary Shares and Completion of Acquisition

IMC ExplorationAnnouncement

01/11/2023 07:15

THE DIRECTORS OF IMC EXPLORATION GROUP PLC CONSIDER THIS ANNOUNCEMENT TO
CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU)
NO. 596/2014 OF THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON
MARKET ABUSE AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018 (THE "MARKET ABUSE REGULATION"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

IMC EXPLORATION GROUP PLC

 

("IMC" or the "Company")

 

ADMISSION OF NEW ORDINARY SHARES

COMPLETION OF ACQUISITION

 

DUBLIN: 1 November 2023 - IMC Exploration Group plc (LSE: IMC) is pleased to
announce that, further to its announcements dated 2 and 26 October 2023 and to
the prospectus (the "Prospectus") dated 29 September 2023 and published by the
Company, Admission of the New Ordinary Shares, admission of the Fee Shares and
readmission of the Existing Ordinary Shares to the standard segment of the
FCA's Official List and to trading on the London Stock Exchange's main market
for listed securities is expected to occur, and dealings are expected to
commence on the London Stock Exchange, at 8:00 a.m. today.

 

Upon Admission, the Company will have completed the Acquisition of the entire
issued share capital of MVI Ireland s.r.o. ("MVI").  MVI holds the entire
issued share capital in Assat, LLC, which holds the Karaberd Operating Licence
in respect of the Karaberd gold mine, located in northern Armenia, together
with ore crushing facilities located between Vanadzor and Karaberd.

 

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as those defined in the Prospectus.  The
capitalised term Fee Shares has the meaning defined in the Company's
announcement dated 2 October 2023.

 

TOTAL VOTING RIGHTS

Upon Admission, the Company will have a total of 685,097,479 Ordinary Shares
in issue. There are no Ordinary Shares held in treasury and therefore the
total number of voting rights in the Company will be 685,097,479. This figure
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 to their interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

 

CAUTIONARY NOTICES

This announcement is an advertisement for the purposes of the Prospectus
Regulation Rules of the Financial Conduct Authority (the "FCA") and not a
prospectus.  Interested parties are advised to read the Prospectus in its
entirety.

 

This announcement is for information purposes only and is not intended to and
does not constitute, or form part of, any offer or invitation to purchase,
subscribe for or otherwise acquire or dispose of, or any solicitation to
purchase or subscribe for or otherwise acquire or dispose of, any securities
in any jurisdiction. The information in this announcement does not purport to
be full or complete and may be subject to change without notice.

 

This announcement is not for release, publication or distribution, in whole or
in part, directly or indirectly, in, into or from any jurisdiction where to do
so would constitute a violation of the relevant securities laws of such
jurisdiction. This announcement does not purport to give legal, tax or
financial advice.

 

Except to the extent required by applicable laws and regulations, including
the Listing Rules of the FCA, each of IMC and Keith Bayley Rogers & Co.
Limited and their respective affiliates expressly disclaim any obligation or
undertaking to update, review or revise any forward-looking statement
contained in this announcement whether as a result of new information, future
developments or otherwise.

 

Keith Bayley Rogers & Co. Limited, which is authorised and regulated by the
FCA, is acting for IMC and for no one else in connection with this
announcement and the matters referred to herein, and accordingly will not be
responsible to any person other than IMC for providing the protections
afforded to customers of Keith Bayley Rogers & Co. Limited, or for providing
advice to any other person in relation to the announcement or the matters
referred to herein.

 

The directors of the Company accept responsibility for the contents of this
announcement.

 

Enquiries:

 

IMC Exploration Group plc

 

Eamon O'Brien

+353 87 6183024

 

Kathryn Byrne

+353 85 233 6033

 

Keith Bayley Rogers & Co. Limited (financial adviser to IMC Exploration Group
plc)

 

Stephen Clayson

stephen.clayson@kbrl.co.uk

+44 (0)7771 871 847

 

Brinsley Holman

brinsley.holman@kbrl.co.uk

+44 (0)7776 302 228

 

 

 



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