REG-IMC Exploration Group Plc: Issue of Equity

IMC ExplorationAnnouncement

04/04/2025 16:30

Award of New Ordinary Shares In Lieu of Monetary Compensation

IMC Exploration Group plc ("IMC" or the "Company") announces that the Board of
Directors has resolved to issue as follows, in lieu of monetary remuneration,
an aggregate of 13,800,000 new ordinary shares of €0.001 each in the capital
of the Company at a price of 0.53 pence Sterling per share (the "Remuneration
Shares"), being the mid-market closing price of the Company's shares on 3rd
April 2025 on the main market of the London Stock Exchange. 

This issue of the Remuneration Shares relates to introductory and professional
services fees related compensation and includes 1,000,000 shares each issued
to the newly appointed directors appointed in March 2024:

 Allottee                     Position                            No. of Remuneration Shares  
 Vahagn Marukhyan:            Director & Chief Financial Officer  1,000,000                   
 Gagik Gevorgyan              Director & Senior Geologist         1,000,000                   
 Introductory & Professional  Services Fees (non PDMR)            11,800,000                  
 Total                                                            13,800,000                  
                                                                                              

Application shall be made to the Financial Conduct Authority ("FCA") for the
Remuneration Shares, which rank pari passu in all respects with the
Company's existing ordinary shares in issue, to be admitted to the standard
segment of the FCA's Official List and to the London Stock Exchange for
admission to trading on the main market (together, "Admission").  Admission
is expected to occur on or around 14 April 2025.

Directors' and Other Notifiable Interests

Prior to the allotment and Admission of the Remuneration Shares, neither
Vahagn Marukhyan, CFO, or Gagik Gevorgyan held any shares in the Company. 
Further information regarding the shares issued to the two directors is
included below, in accordance with EU Market Abuse Regulation No 596/2014.

Following the allotment and Admission of the Remuneration Shares, the
Company's issued ordinary share capital shall consist of 698,897,479 shares
and, upon Admission, this figure should be used by shareholders as the
denominator to determine whether or not they need to notify IMC of a change in
their own interests in the capital of the Company.

The Directors of IMC, after due and careful enquiry, accept responsibility for
the content of this announcement.

Eamon P. O'Brien,

Executive Chairman,

Dublin, 4th April 2025

 

 

 1   Details of the person discharging managerial responsibilities                                                                                                                                                           
 a)  Name                                                                              Vahagn Marukhyan                                                                                                                      
 2   Reason for the notification                                                                                                                                                                                             
 a)  Position/status                                                                   Director & Chief Financial Officer                                                                                                    
 b)  Initial notification /Amendment                                                   Initial notification                                                                                                                  
 3   Details of the issuer                                                                                                                                                                                                   
 a)  Name                                                                              IMC Exploration Group plc                                                                                                             
 b)  LEI                                                                               2138006RYVS4BRW33C48                                                                                                                  
 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 of €0.001 each   ISIN: IE00B6WC2H62                                                                                   
 b)  Nature of the transaction(s)                                                      Awarded in lieu of monetary remuneration                                                                                              
 c)  Price(s) and volume(s)                                                            Price(s)                                                           Volume(s)                                                          
     £0.0053                                                                                                                                              1,000,000                                                          
 d)  Aggregated information  - Aggregated volume  - Aggregated price                   1,000,000  £0.0053                                                                                                                    
 e)  Date of the transaction(s)                                                        03/04/2025                                                                                                                            
 f)  Place of the transaction(s)                                                       Outside a trading venue                                                                                                               

 

 

 1   Details of the person discharging managerial responsibilities                                                                                                                                                           
 a)  Name                                                                              Gagik Gevorgyan                                                                                                                       
 2   Reason for the notification                                                                                                                                                                                             
 a)  Position/status                                                                   Director & Senior Geologist                                                                                                           
 b)  Initial notification /Amendment                                                   Initial notification                                                                                                                  
 3   Details of the issuer                                                                                                                                                                                                   
 a)  Name                                                                              IMC Exploration Group plc                                                                                                             
 b)  LEI                                                                               2138006RYVS4BRW33C48                                                                                                                  
 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 of €0.001 each   ISIN: IE00B6WC2H62                                                                                   
 b)  Nature of the transaction(s)                                                      Awarded in lieu of monetary remuneration                                                                                              
 c)  Price(s) and volume(s)                                                            Price(s)                                                           Volume(s)                                                          
     £0.0053                                                                                                                                              1,000,000                                                          
 d)  Aggregated information  - Aggregated volume  - Aggregated price                   1,000,000  £0.0053                                                                                                                    
 e)  Date of the transaction(s)                                                        03/04/2025                                                                                                                            
 f)  Place of the transaction(s)                                                       Outside a trading venue                                                                                                               

 

 

The Directors of IMC, after due and careful enquiry, accept responsibility for
the content of this announcement.

REGULATORY ANNOUNCEMENT ENDS.

 

 

 

Enquiries:

IMC Exploration Group plc

Eamon O'Brien

+353 87 6183024

Kathryn Byrne

+353 85 233 6033

 

Keith Bayley Rogers & Co. Limited

Stephen Clayson

stephen.clayson@kbrl.co.uk

+44 (0)7771 871 847

Brinsley Holman

brinsley.holman@kbrl.co.uk

+44 (0)7776 302 228

 

IFC Advisory Limited (Financial PR and IR)

Tim Metcalfe

Florence Chandler

+44 (0)203 934 6630

 



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