REG - Xtract Resources plc - Application update

Xtract ResourcesAnnouncement

22/11/2022 12:30

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RNS Number : 2357H  Xtract Resources plc  22 November 2022

 

For immediate release

 22 November 2022

Xtract Resources Plc

("Xtract" or the "Company")

             Application update

 

The Board of Xtract announces that application to trading on AIM on or around
29 November 2022 ("Admission") has now been made for  5,362,229  new
Ordinary Shares issued at a price of 3.23p per Ordinary Share, issued in
settlement of accrued outstanding remuneration in relation to 2021, due to
certain Directors and employees of the Company ("Settlement Shares") and  the
issue of 619,195 new Ordinary Shares ("Creditor Settlement Shares") issued at
a price of 3.23p per Ordinary share, in aggregate amounting to 5,981,424 new
Ordinary Shares ("New Shares"), as announced on 4 November 2022. The New
Shares will rank pari passu in all respects with the Company's existing issued
ordinary shares.

 

Total Voting Rights

On Admission, the Company's issued share capital consists
of 856,375,115 ordinary shares of 0.02p each with voting rights ("Ordinary
Shares"). The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of Ordinary Shares in the Company with voting
rights is 856,375,115. The above figure of 856,375,115 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 and Transparency
Rules.

 

A copy of this announcement: www.xtractresources.com
(http://www.xtractresources.com)

 

Enquiries:

 Xtract Resources Plc                               Colin Bird,          +44 (0)20 3416 6471

                                                    Executive Chairman   www.xtractresources.com (http://www.xtractresources.com)

 Beaumont Cornish Limited                           Roland Cornish       +44 (0)207628 3369

 Nominated Adviser and Joint Broker                 Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    Felicity Geidt

 Novum Securities Limited                           Jon Bellis           +44 (0)207 399 9427

 Joint Broker                                       Colin Rowbury        www.novumsecurities.com

 

 

ENDS

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