Vulcan Industries PLC Equity Issue and issue of Warrants (8810Z)

TIDMVULC

RNS Number : 8810Z

Vulcan Industries PLC

18 May 2023

18 May 2023

Vulcan Industries plc

("Vulcan" or the "Company")

Equity Issue and issue of Warrants

Equity Issue

Vulcan Industries plc (AQSE: VULC) is pleased to announce that it has raised a total of GBP 25,000 (gross) from existing investors through the issue of 3,333,333 new ordinary shares at a price of 0.75p per share (the 'Placing Shares') under this equity issue.

The Company will use the proceeds from the equity issue for general working capital purposes.

Issue of Warrants

The Company has also granted to existing investors 7,444,444 warrants to subscribe for new ordinary shares ("Investor Warrants"). The Investor Warrants have a strike price of 1p and expire on 30 September 2024.

Admission

Application has been made for the 3,333,333 Placing Shares to be admitted to trading on Aquis Stock Exchange ('Admission'). Admission is expected to occur at 8:00am on or around 25(th) May 2023.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 873,860,938 ordinary shares of GBP0.0004 each, with each share carrying the right to one vote.

The Company does not hold any ordinary shares in treasury. The above figure of 873,860,938 may therefore 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 of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

For further information, visit: https://vulcanplc.com

The directors of Vulcan accept responsibility for this announcement.

Contacts

 
 Vulcan Industries plc                         Via Vox Markets 
 Ian Tordoff, Chairman 
                                              ------------------------ 
 
 First Sentinel Corporate Finance Ltd 
  (AQSE Corporate Adviser)                     [phone] 
                                              ------------------------ 
 Brian Stockbridge 
                                              ------------------------ 
 
 
 Vox Markets (Media and Investor Relations)    [e-mail] 
                                              ------------------------ 
 Kat Perez                                     [phone] 
                                              ------------------------ 
 Paul Cornelius                                + 44 7866 384 707 
                                              ------------------------ 
 

About Vulcan

Vulcan seeks to acquire profitable engineering, manufacturing, and industrial businesses to enhance value by unlocking growth which is not being achieved as a standalone private company.

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(END) Dow Jones Newswires

May 18, 2023 04:47 ET (08:47 GMT)