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Share Name Share Symbol Market Type Share ISIN Share Description
Alkemy Capital Investments Plc LSE:ALK London Ordinary Share GB00BMD6C023 ORD GBP0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -11.00 -3.48% 305.00 290.00 320.00 310.00 305.00 310.00 15,048 11:20:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.8 -19.9 - 22

Alkemy Capital Investments PLC Correction: Placing and Directors Purchase

08/08/2022 3:20pm

UK Regulatory (RNS & others)


Alkemy Capital Investments (LSE:ALK)
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RNS Number : 3004V

Alkemy Capital Investments PLC

08 August 2022

8 August 2022

Alkemy Capital Investments Plc

The following amendment has been made to the 'Oversubscribed Placing to raise GBP1.2m and Directors Purchase of Shares' announcement released on 4 August 2022 at 7:00am

The amount of new ordinary shares admitted to trading should have been 1,199,999 and not 1,200,000. Therefore the total amount raised from the placing is GBP1,199,999 and the companies enlarged issued share capital is 7,199,998 Ordinary Shares.

The full amended text is shown below:

4 August 2022

Alkemy Capital Investments Plc

Oversubscribed Placing to raise GBP1.2m and Directors Purchase of Shares

Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) and its wholly owned subsidiary Tees Valley Lithium Ltd (" TVL ") are pleased to announce the following corporate update.

Highlights:

-- GBP1.2m new funds, before expenses, raised by Alkemy from new and existing shareholders through a placing of 1,199,999 new ordinary shares at GBP1 per share

   --    GBP178,000 of these new shares are being subscribed for by Directors, showing strong support 

Fundraise and Director Purchase of Shares

Alkemy is pleased to announce that it has raised GBP1.2m in an oversubscribed placing of 1,199,999 new ordinary shares at a placing price of GBP1 per share.

This includes cash subscriptions of GBP178,000 from the directors, including Paul Atherley (GBP78,000), Sam Quinn (GBP75,000) and Helen Pein (GBP25,000).

The net proceeds will be used to further fastrack the development of TVL's lithium hydroxide processing faclility in Teesside, UK and for general working capital purposes.

Following the placing, the directors will have the following shareholdings in the Company:

 
                             Number of Shares   % of enlarged 
                                                      capital 
 Paul Atherley (Chairman)           3,078,000          42.75% 
                            -----------------  -------------- 
 Sam Quinn (Director)                 325,000           4.51% 
                            -----------------  -------------- 
 Helen Pein (Director)                 25,000           0.35% 
                            -----------------  -------------- 
 

An application will be made for 1,199,999 Ordinary Shares to be admitted to the official list (Standard Segment) and to trading on the Main Market of the London Stock Exchange ("Admission") and Admission is expected to occur at 8.00 a.m. on 9 August 2022 ("Admission").

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 7,199,998 Ordinary Shares each with a right to vote and with no shares held in treasury . Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

Grant of Share Options

The Company also announces the proposed grant of 590,000 share options at GBP1 per share, for a period of 5 years, to further align Directors and senior management with shareholders. A further announcement will be made once the options have been granted.

Alkemy and TVL Director, Sam Quinn, commented:

"We are grateful to all the existing and new shareholders who have contributed to this fundraise, which will help enable the further fast-tracked development of TVL's lithium hydroxide processing facility in Teesside, UK. Funds will be used to commence and advance FEED and to complete the planning process. We appreciate the ongoing support from all stakeholders and look forward to a successful year ahead as we move to establish the UK's first major independent and sustainable lithium hydroxide producer at the Wilton International Chemicals Park in Teesside, UK".

Further information

For further information, please visit the Company's website: www.alkemycapital.co.uk or www.teesvalleylithium.co.uk

-Ends-

 
 Alkemy Capital Investments Plc     Tel: 0207 317 0636 
  Sam Quinn                          info@alkemycapital.co.uk 
 Buchanan                           Tel: 0207 466 5000 
  Bobby Morse/Abigail Gilchrist      TVL@buchanan.uk.com 
 VSA Capital Limited                Tel: 0203 005 5000 
  Andrew Monk (corporate broking)    amonk@vsacapital.com 
  Andrew Raca (corporate finance)    araca@vsacapital.com 
 Shard Capital Partners LLP 
  Damon Heath                         Tel: 0207 186 9952 
                                      damon.heath@shardcapital.com 
  Isabella Pierre                     Tel: 0207 186 9927 
                                      isabella.pierre@shardcapital.com 
 

NOTES TO EDITORS

Alkemy is seeking to develop, construct and operate the world's leading independent and sustainable lithium hydroxide production facility.

Alkemy, through its wholly-owned subsidiary Tees Valley Lithium, has secured a 9.6ha brownfields site at the Wilton International Chemicals Park located in Teesside, a major UK Freeport.

Alkemy has completed a Class 4 Feasibility Study for its proposed lithium hydroxide facility which will process feedstock imported from various sources to produce 96,000 tonnes of premium, low-carbon lithium hydroxide annually, representing around 15% of Europe's projected demand.

Forward Looking Statements

This news release contains forward--looking information. The statements are based on reasonable assumptions and expectations of management and Alkemy provides no assurance that actual events will meet management's expectations. In certain cases, forward--looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Alkemy believes the expectations expressed in such forward--looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Alkemy will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward--looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Paul Atherley 
      ---------------------------------------  ------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Chairman 
      ---------------------------------------  ------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                     Alkemy Capital Investments PLC 
      ---------------------------------------  ------------------------------------- 
 b)    LEI                                      213800NW5GVIRMXSRL48 
      ---------------------------------------  ------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the                       Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BMD6C023 
 
 b)    Nature of the transaction                Subscription of shares 
      ---------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------  ---------------- 
                                                 Price(s)          Volume(s) 
                                                ----------------  ---------------- 
    GBP1.00                                                        150,000 
   -------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      150,000 
 
  - Price                                  GBP150,000 
 
 e)    Date of the transaction                  03/08/2022 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Sam Quinn 
      ---------------------------------------  ------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Non-Executive Director 
      ---------------------------------------  ------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                     Alkemy Capital Investments PLC 
      ---------------------------------------  ------------------------------------- 
 b)    LEI                                      213800NW5GVIRMXSRL48 
      ---------------------------------------  ------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the                       Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BMD6C023 
 
 b)    Nature of the transaction                Subscription of shares 
      ---------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------  ---------------- 
                                                 Price(s)          Volume(s) 
                                                ----------------  ---------------- 
    GBP1.00                                                        120,000 
   -------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      120,000 
 
  - Price                                  GBP120,000 
 
 e)    Date of the transaction                  03/08/2022 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Helen Pein 
      ---------------------------------------  ------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Non-Executove Director 
      ---------------------------------------  ------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                     Alkemy Capital Investments PLC 
      ---------------------------------------  ------------------------------------- 
 b)    LEI                                      213800NW5GVIRMXSRL48 
      ---------------------------------------  ------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the                       Ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BMD6C023 
 
 b)    Nature of the transaction                Subscription of shares 
      ---------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------  ---------------- 
                                                 Price(s)          Volume(s) 
                                                ----------------  ---------------- 
    GBP1.00                                                        25,000 
   -------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      25,000 
 
  - Price                                  GBP25,000 
 
 e)    Date of the transaction                  03/08/2022 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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August 08, 2022 10:20 ET (14:20 GMT)

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