REG - Mila Resources Plc - Conditional Subscription by a Director

Mila ResourcesAnnouncement

Today 07:05

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RNS Number : 0814N  Mila Resources PLC  17 June 2025

17 June 2025

 

Mila Resources plc

 

("Mila" or the "Company")

 

 

Conditional Subscription by a Director

 

 

The Company has raised £20,000 through a subscription of 2,857,142 Ordinary
Shares at the Placing Price of 0.7 pence by Mark Stephenson, a director of the
Company. The Subscription is conditional on the passing of resolutions
relating to the proposed subdivision of ordinary shares in the General Meeting
("Conditional Subscription") with further details set out in the RNS
0812N relating to the Conditional Placing.

 

Mark Stephenson currently holds 17,216,761 ordinary shares in the Company.
Following the Conditional Subscription, his holding will increase to
20,073,903 subject to the Admission of the Subscription Shares.

 

Admission and Total Voting Rights

 

The Company will seek admission of the Placing Shares and subscription shares
to trading on the Equity Shares (Transition) category of the official list and
the main market of the London Stock Exchange conditional on the passing of
resolutions at the GM and it is expected that admission will become effective
and that dealings in the Placing Shares and subscription shares will commence
at 8.00 a.m. on or around 8 July 2025 ("Admission").

 

Following Admission, the total issued share capital of the Company will
consist of 652,835,116 Ordinary Shares each with one voting right. The Company
does not hold any Ordinary Shares in treasury. Therefore, the total number of
voting rights in the Company will be 652,835,116 and this figure 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 in
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

 

**ENDS**

 

For more information visit www.milaresources.com or contact

 

 

 Mark Stephenson                         info@milaresources.com 

 Mila Resources Plc 

   
 Jonathan Evans                          +44 (0) 20 7100 5100 

 Tavira Financial Limited 

   
 Nick Emerson                            +44 (0) 20 3143 0600 

 SI Capital 

   
 Damon Heath                             +44 (0) 20 3971 7000 

 Shard Capital Partners LLP 

   
 Susie Geliher / Charlotte Page          +44 (0) 20 7236 1177 

 St Brides Partners Limited 

 

 

 

 

 

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