ALTYN PLC: Issue of Equity

TIDMALTN 
 

Altyn Plc

("Altyn" or the "Company")

Issue of new shares

The Company is pleased to announce that it will issue 154,028,981 new ordinary shares of GBP0.001 in connection with the exercise of share options by Freedom Finance JSC, raising US$1.5m.

The Company will apply for admission of the new Ordinary Shares to trading on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the new Ordinary shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, is expected to occur on or around 12 October 2020.

The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following the Conversion will therefore be 2,733,293,311. 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.

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra

[phone]

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.

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20201006005890/en/

 
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Altyn Plc

 
    SOURCE: Altyn Plc 
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(END) Dow Jones Newswires

October 06, 2020 12:00 ET (16:00 GMT)