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KEFI Kefi Gold And Copper Plc

0.557
-0.015 (-2.62%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Gold And Copper Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.015 -2.62% 0.557 0.55 0.564 0.596 0.55 0.596 37,064,507 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 -6.36M -0.0013 -4.23 27.31M

Kefi Minerals plc Result of General Meeting and Admission of Shares (7652Z)

15/12/2014 11:38am

UK Regulatory


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RNS Number : 7652Z

Kefi Minerals plc

15 December 2014

15 December 2014

KEFI Minerals plc

("KEFI" or the "Company")

Result of General Meeting and Admission of Second Placing Shares

KEFI Minerals (AIM: KEFI), an emerging gold miner with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce, further to the announcement on 26 November 2014, that the resolutions proposed at the General Meeting held this morning (the "Resolutions") were duly passed.

The First Placing (GBP0.8 million) to certain existing shareholders at 1 pence per share completed on 2 December 2014.

As a result of the passing of the Resolutions to grant the Board authority to allot the Second Placing Shares and Third Placing Shares for cash on a non pre-emptive basis, application has been made for admission of the Second Placing Shares to trading on AIM and it is expected that 110,000,000 new Ordinary Shares will be admitted to trading on AIM tomorrow, 16 December 2014.

The number of Placing Shares to be subscribed by each Director and their resulting shareholdings on Second Admission are set out below:

 
 
                                             Percentage                                        Percentage 
                              Number of     of existing                        Number of      of enlarged 
                               existing          issued    Number of            Ordinary    share capital 
                               Ordinary           share      Placing           Shares on        on Second 
                                 Shares         capital       Shares    Second Admission        Admission 
 
 
 Harry Anagnostaras-Adams    13,966,667           1.24%   20,000,000          33,966,667            2.75% 
 Ian Plimer                   3,116,668           0.28%    1,250,000           4,366,668            0.35% 
 Jeffrey Rayner               4,783,333           0.43%    2,600,000           7,383,333            0.60% 
 John Leach                   1,000,000           0.09%    1,250,000           2,250,000            0.18% 
 

The Third Placing is conditional upon, amongst other things, Second Admission becoming effective, on authorisation of Goldfields Resources Fund by the Central Bank of Ireland, on Perth Global Funds plc having received cleared funds in an amount of not less than GBP5 million from investors into the Goldfields Resources Fund, on there being no legal or regulatory provision applicable to the Goldfields Resources Fund, to Perth Global Funds plc or to Perth Partners LLP which prohibits any of those parties subscribing for the Third Placing Shares and the admission of the Third Placing Shares to trading on AIM becoming effective on or before 8.00 a.m. on 27 February 2015 (or such later date as Fox-Davies Capital Ltd ("Fox-Davies") and the Company may agree being not later than 8.00 a.m. on 15 March 2015).

The Placing proceeds are primarily intended to fund the Company through the next phase of its development with the majority of funds to be expended on progressing the flagship Tulu Kapi project in Ethiopia beyond the point in mid-2015 where it is planned that full development funding be arranged.

The Company shall also, subject to Second Admission, grant to Fox-Davies warrants to subscribe for 9,500,000 Ordinary Shares (being equal to five per cent. of the shares to be issued pursuant to the First Placing and the Second Placing) exercisable for three years at 1 pence per share.

Total Voting Rights

The First Placing Shares and the Second Placing Shares rank pari passu with the existing Ordinary Shares of the Company. Following Second Admission, the total issued share capital of the Company consists of 1,235,336,880 Ordinary Shares each with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,235,336,880 and 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Definitions in this announcement are the same as those included in the Company's circular dated 26 November 2014, available on the Company's website at www.kefi-minerals.com.

 
 KEFI Minerals Plc 
 Harry Anagnostaras-Adams (Chairman)          +357 99457843 
 
 SP Angel Corporate Finance LLP (Nominated 
  Adviser) 
 Ewan Leggat, Katy Birkin                     +44 20 3470 0470 
 
 Fox-Davies Capital Ltd (Joint Broker) 
 Oliver Stansfield, Jonathan Evans            +44 20 3463 5000 
 
 finnCap Ltd (Joint Broker) 
 Elizabeth Johnson, Christopher Raggett       +44 207 220 0500 
 
 Luther Pendragon (Financial PR) 
 Harry Chathli, Claire Norbury, Ivana 
  Petkova                                     +44 207 618 9100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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