Vulcan Industries Plc Issue of Equity and Vendor Warrants

 
TIDMVULC 
 
23 June 2022 
 
                             Vulcan Industries plc 
 
                          ("Vulcan" or the "Company") 
 
                      Issue of Equity and Vendor Warrants 
 
Vulcan Industries plc (AQSE: VULC) is pleased to announce that pursuant to the 
announcement of 24 March 2022 in respect of its acquisition of Aftech Limited 
it has allotted the remaining 23,307,433 shares ("Consideration Shares").  In 
addition, it has issued the 24,661,487 Vendor Warrants which have an exercise 
price of 3p and an expiry date of 30 June 2023. 
 
The Company has also allotted 6,513,216 shares ("Fee Shares") in settlement of 
fees amounting to £68,537. 
 
The Company also announces that it has raised a total of GBP74,000 (gross) from 
existing investors through the issue of 7,400,000 shares (the "Placing 
Shares"). 
 
The Company will use the proceeds from the Placing for general working capital 
purposes. 
 
Admission 
 
Application has been made for the 37,220,649 Consideration, Fee and Placing 
Shares is to be admitted to trading on Aquis Stock Exchange ("Admission"). 
Admission is expected to occur at 8:00am on or around 30th June 2022. 
 
Total Voting Rights 
 
Following Admission, the Company's issued share capital will comprise 
567,052,050 ordinary shares of £0.0004 each, with each share carrying the right 
to one vote. 
 
The Company does not hold any ordinary shares in treasury. The above figure of 
567,052,050 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        [phone] 
Corporate Adviser) 
 
Brian Stockbridge 
 
Steve McGlennan 
 
Vox Markets (Media and Investor Relations)        [e-mail] 
 
Kat Perez                                         [phone] 
 
Paul Cornelius                                    + 44 7866 384 707 
 
About Vulcan 
 
Vulcan seeks to acquire and consolidate traditional but historically profitable 
engineering, manufacturing, and industrial SMEs for value and to enhance this 
value in part through group synergies, but primarily by unlocking growth which 
is not being achieved as a standalone private company. 
 
Forward Looking Statements 
 
This news release may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the beliefs of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 23, 2022 13:01 ET (17:01 GMT)