Anglesey Mining PLC Acquisition of 29.8% stake in Grangesberg

 
TIDMAYM 
 
9 February 2023 
 
                              Anglesey Mining plc 
 
                         ("Anglesey" or "the Company") 
 
    Issue of Shares in respect of Acquisition of 29.8% Stake in Grängesberg 
 
Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased 
to announce that, further to the Company's announcement released on 12 January 
2023 regarding the agreement to acquire an additional 29.8% of Grängesberg Iron 
AB ("GIAB"), the entity that owns the Grängesberg Iron Ore Project in Sweden, 
the acquisition has now completed and Anglesey will issue 14,544,827 new 
ordinary shares of nominal value 1 pence each ("Ordinary Shares") in the 
Company at an issue price of 3 pence per share (the "Consideration Shares") to 
Roslagen Resources AB ("Roslagen"). 
 
Application will be made for the Consideration Shares, which will rank pari 
passu with the existing Ordinary Shares in the Company, to be admitted to 
trading on AIM ('Admission'). It is expected that Admission will become 
effective on or around 14 February 2023. The Consideration Shares shall be held 
in escrow for 12 months from their date of issue. 
 
Following Admission, the Company's total issued share capital will consist of 
295,220,548 Ordinary Shares. As such, the total number of voting rights in the 
Company will be 295,220,548 Ordinary Shares. This number 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. 
 
Following the issue of the Consideration Shares, Roslagen now holds 
approximately 4.9% of the issued share capital of the Company. 
 
 
For further information, please contact: 
 
Anglesey Mining plc 
Jo Battershill, Chief Executive - Tel: [phone] 
John Kearney, Chairman - Tel: [phone] 
 
Davy 
Nominated Adviser & Joint Corporate Broker 
Brian Garrahy / Lauren O'Sullivan - Tel: [phone] 
 
WH Ireland 
Joint Corporate Broker 
Katy Mitchell / Harry Ansell - Tel: [phone] 
 
Scout Advisory Limited 
Investor Relations Consultant 
Sean Wade - Tel: [phone] 
 
 
LEI: 213800X8BO8EK2B4HQ71 
 
 
 
END 
 
 

(END) Dow Jones Newswires

February 09, 2023 02:00 ET (07:00 GMT)