REG - AIM - Schedule One - Metals One PLC
30/06/2023 15:15
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RNS Number : 5926E AIM 30 June 2023
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
COMPANY NAME:
Metals One Plc ("Metals One" or the "Company")
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
(INCLUDING POSTCODES) :
Registered Office & Business address:
Eccleston Yards, 25 Eccleston Place, London, United Kingdom, SW1W 9NF
COUNTRY OF INCORPORATION:
United Kingdom
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
https://metals-one.com/ (https://metals-one.com/)
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS
SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:
Metals One was established in January 2021 to acquire natural resources
projects with a focus on critical battery metals, including nickel, lithium,
cobalt and copper. On Admission to trading to AIM, the Company will have
interests in the Paltamo and Rautavaara projects (nickel, copper, zinc) in
Finland (together the "Black Schist Project") and the Brownfield Råna Nickel
project in Norway (the "Brownfield Rana Project"). These projects represent
opportunities to develop deposits of scale, in stable jurisdictions, well
situated to supply fastest growing European electric vehicle and energy
storage markets.
Finland
The Black Schist Project is being acquired from AIM traded Bluejay Mining Plc
and includes a JORC compliant Inferred Mineral Resource of 28.1Mt at 0.19%
Nickel, 0.10% Copper, 0.01% Cobalt and 0.38% Zinc at Rautavaara and an
Exploration Target of 16-24 Mt with a grade range of 0.18-0.27% Ni, 0.09-0.13%
Cu, 0.01-0.015% Co, and 0.33-0.50% Zn at Paltamo. Furthermore, the Company,
whilst remaining the Operator, has farmed out a 25% interest to AIM traded
Gunsynd Limited in return for £1m of exploration funding directly into the
project.
Norway
The Brownfield Råna Project is located around the formerly producing Bruvann
deposit that operated for 12 years (1989-2001). Metals One will, on Admission,
hold i) 100% of Scandinavian Resources Holdings Pty Ltd ("SRH") which in turn
will have an interest, initially 80%, in a JV Company that holds the 4
Norwegian Licences over the Brownfield Rana Project.
SRH has farmed out an initial 10% interest (and up to 75%) to ASX listed
Kingsrose Limited for up to A$15m of capital injected into the Brownfield Rana
Project. Kingrose will be the Operator of the Brownfield Rana Project under a
JV Agreement.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER
OF THE SECURITIES (i.e. where known, number and type of shares, nominal value
and issue price to which it seeks admission and the number and type to be held
as treasury shares):
Number of ordinary shares of £0.01 each ("Shares") for which Admission is
being sought 215,450,000.
The Shares are and will remain freely transferable and have no restrictions as
to transfer placed on them.
The issue price of the new Shares: 5 pence ("the Placing Price").
No Shares are or will be held in treasury.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on Admission: £2.5million
Anticipated market capitalisation on Admission £10.77 million (at the issue
price of 5p)
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
Ordinary Shares representing 67.9% of the Company's issued share capital on
Admission are not in public hands.
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
(OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
N/A
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
first name by which each is known or including any other name by which each is
known):
Alastair Raoul Clayton (Non-Executive Chairman)
Jonathan David Owen (Chief Executive Officer)
Daniel John Shilton Maling (Finance Director)
Craig Moulton (Independent Non-Executive Director)
Sara Katja Emilia Minchin (Independent Non-Executive Director)
Kaj Thomas Levin (Non-Executive Director)
Winton William Willesee (Non-Executive Director)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE
OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first
name by which each is known or including any other name by which each is
known):
Shareholder Pre- Admission Shareholding Pre- Admission % Interest Shareholding on Admission % Interest on Admission
Hanson Investment Management 2,807,500 14.22% 2,807,500 1.30%
John Story 1,375,000 6.96% 1,375,000 0.64%
Alan Mcleish 1,375,000 6.96% 1,375,000 0.64%
Oberon Investments 1,175,000 5.95% 3,175,000 1.47%
Charlie Wood 950,000 4.81% 1,250,000 0.58%
James Sheehan 950,000 4.81% 950,000 0.44%
Daniel Maling 950,000 4.81% 3,850,000 1.79%
Sebastian Marr 750,000 3.80% 1,250,000 0.58%
Greg Kuenzel 750,000 3.80% 1,250,000 0.58%
Bridget Trim 700,000 3.54% 700,000 0.33%
Tower BC Limited 625,000 3.16% 625,000 0.29%
Bluejay Mining Plc - - 62,500,000 29.01%
3Mile Beach Limited(1) - - 17,500,000 8.12%
Martin Blakeman(2) - - 22,800,000 10.58%
Chincherinchee Nominees Pty Ltd(3) - - 13,500,000 6.27%
Birkmose Mejer Family Holdings APS (4) - - 12,000,000 5.57%
Van Gool DK(5) - - 11,700,000 5.43%
1: 3 Mile Beach Limited is wholly owned by James Ikin;
2: Martin Alexander Bateman holds the shares as trustee for the Blackwood
Trust whose beneficiaries are Misty Lee Blakeman, Sophie Marie Blakeman, Amy
Jane Blakeman and Ben Jordan Blakeman;
3: Chincherinchee Nominees Pty Ltd holds the shares as trustee for Winton
Willesee and Erlyn Dawson and Luke Dawson;
4: Birkmose Mejer Family Holdings APS is wholly owned by Birkmose Mejer;
5: Van Gool DK Holdings APS is wholly owned by Jeroen van Gool.
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
None.
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) 31 December
(ii) 31 December 2022
(iii) 30 September 2023 in respect of the half-year report for six
months ended 30 June 2023, 30 June 2024 - audited annual accounts for year
ended 31 December 2023 and 30 September 2024 for half year report for six
months ended 30 June 2024
EXPECTED ADMISSION DATE:
17 July 2023
NAME AND ADDRESS OF NOMINATED ADVISER:
Beaumont Cornish Limited
Building 3, 566 Chiswick High Road
London
W4 5YA
England
NAME AND ADDRESS OF BROKER:
Joint Brokers:
SI Capital Limited
46 Bridge Street,
Godalming,
Surrey, GU7 1HL
Shard Capital Partners LLP
23rd Floor, 20 Fenchurch St
London
EC3M 3BY
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
https://metals-one.com/ (https://metals-one.com/)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
QCA Code
DATE OF NOTIFICATION:
30 June 2023
NEW/ UPDATE:
NEW
1: 3 Mile Beach Limited is wholly owned by James Ikin;
2: Martin Alexander Bateman holds the shares as trustee for the Blackwood
Trust whose beneficiaries are Misty Lee Blakeman, Sophie Marie Blakeman, Amy
Jane Blakeman and Ben Jordan Blakeman;
3: Chincherinchee Nominees Pty Ltd holds the shares as trustee for Winton
Willesee and Erlyn Dawson and Luke Dawson;
4: Birkmose Mejer Family Holdings APS is wholly owned by Birkmose Mejer;
5: Van Gool DK Holdings APS is wholly owned by Jeroen van Gool.
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
None.
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE
ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) 31 December
(ii) 31 December 2022
(iii) 30 September 2023 in respect of the half-year report for six
months ended 30 June 2023, 30 June 2024 - audited annual accounts for year
ended 31 December 2023 and 30 September 2024 for half year report for six
months ended 30 June 2024
EXPECTED ADMISSION DATE:
17 July 2023
NAME AND ADDRESS OF NOMINATED ADVISER:
Beaumont Cornish Limited
Building 3, 566 Chiswick High Road
London
W4 5YA
England
NAME AND ADDRESS OF BROKER:
Joint Brokers:
SI Capital Limited
46 Bridge Street,
Godalming,
Surrey, GU7 1HL
Shard Capital Partners LLP
23rd Floor, 20 Fenchurch St
London
EC3M 3BY
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR
INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A
STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:
https://metals-one.com/ (https://metals-one.com/)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
QCA Code
DATE OF NOTIFICATION:
30 June 2023
NEW/ UPDATE:
NEW
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