Anglesey Mining Plc Result of Placing

 
TIDMAYM 
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO 
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW 
ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A 
BREACH OF ANY APPLICABLE LAW OR REGULATION. 
 
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF 
CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR 
SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES 
NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION, OFFER OR 
ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY 
SECURITIES OF ANGLESEY MINING PLC IN ANY JURISDICTION WHERE TO DO SO WOULD 
BREACH ANY APPLICABLE LAW OR REGULATION. 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN 
UNION (WITHDRAWAL) ACT 2018, AS AMED. UPON THE PUBLICATION OF THIS 
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS 
CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
Anglesey Mining Plc 
 
("Anglesey Mining", "Anglesey", the "Company" or the "Group") (AIM:AYM) 
 
Result of Placing 
 
Anglesey Mining Plc (AIM:AYM) is pleased to announce that, further to its 
announcement of 7 a.m. (London time) on 16 May 2023, it has successfully 
completed and closed the Placing and Subscription. 
 
The Placing and Subscription raised, in aggregate, gross proceeds of £1m. The 
Placing comprises the placing of 64,999,993 Ordinary Shares (the "Placing 
Shares") with certain institutional and other investors at a price of 1.5 pence 
per share (the "Issue Price"), and the subscription comprised a subscription of 
1,666,666 Ordinary Shares ("Additional Subscription Shares") at a price of 1.5p, 
thereby raising £1m gross proceeds. The Placing Shares and the Additional 
Subscription Shares were accompanied by one Investor Warrant, to subscribe for 
one ordinary share at a price of 2.5 pence for every two Placing or Subscription 
Shares subscribed for, as detailed in the announcement of earlier today. 
 
The Placing and Subscription are conditional only on Admission. 
 
The net proceeds of the Placing and Subscription will be applied to commence 
drilling of the Northern Copper Zone at the Parys Mountain 
copper/zinc/lead/silver/gold mine on the island of Anglesey in Wales, continuing 
to advance the permitting and Environmental Impact and Social Assessment of the 
Parys Mountain mine, commence baseline studies for the Grängesberg Iron Ore Mine 
in Sweden, and for general working capital purposes. 
 
Director Participation 
 
Directors John Kearney (Chairman),  Jonathan Battershill (CEO) and Namrata Verma 
(Non-Executive Director) participated in the Placing and/or Subscription as set 
out below. 
 
Name         Amount      Shares      Holding    Number of  % of 
             subscribed  Subscribed  of         Ordinary   Ordinary 
                         for in the  Existing   Shares     Share 
                         Placing     Ordinary   held post  Capital held 
                                     Shares     Admission  post 
                                                of the     Admission of 
                                                Placing    the Placing 
                                                Shares     Shares, 
                                                (and the   Subscription 
                                                issue of   Shares, Juno 
                                                the        Subscription 
                                                Salary     Shares and 
                                                Shares     Salary 
                                                detailed   Shares) 
                                                below) 
John          £25,000    1,666,666   1,297,142  2,963,808     0.78% 
Kearney 
Jonathan      £20,000    1,333,333   3,884,830  8,551,496     2.25% 
Battershill 
Namrata       £10,000     666,666       Nil      666,666      0.18% 
Verma 
 
Each of John Kearney, Jonathan Battershill and Namrata Verma participated on the 
same terms as all other placees. 
 
Juno Participation 
 
In accordance with the terms of the restructured working capital facility with 
Juno Limited announced on 16 May 2022, Juno Limited converted further debt to 
equity by way of a direct subscription of Subscription Shares alongside the 
Placing and Subscription capped at pro-rata ownership level. As a result of the 
announced Placing and Subscription, the debt due to Juno will be reduced from 
£3.74m  to £3.52m. Juno Limited therefore subscribed for 14,589,149 Ordinary 
Shares (the "Juno Subscription Shares") and received warrants over 7,294,574 new 
Ordinary Shares at the same Placing Price and exercise price as the other 
Placees. Subsequent to completion of the Placing and Subscription and assuming 
no exercise of its Investor Warrants, Juno's shareholding in Anglesey is 
expected to be 79,194,397 Ordinary shares representing c.20.9 per cent. 
 
Related Party Transaction 
 
As Juno Limited is a substantial shareholder in the Company, and Jonathan 
Battershill, John Kearney and Namrata Verma are directors of the Company, this 
transaction is considered to be a related party transaction under the AIM Rules 
for Companies. The Directors of the Company, excluding those who are 
participating in the Placing or the Subscription, having consulted with the 
Company's Nominated Adviser, J&E Davy, consider that the terms of the 
transaction are fair and reasonable insofar as shareholders are concerned. 
 
Shares in lieu of Directors' fees. 
 
In addition, the Company has today issued 3,333,333 Ordinary Shares ("New Salary 
Shares") to Jonathan Battershill, in lieu of his fees for the period between 
August 2021 and December 2022. This is in accordance with the terms of his 
contract. The associated calculations are set out below: 
 
Name         Fees in  Conversion  Number of  Total       % of Ordinary Share 
             lieu of  at the      New        Number of   Capital held post 
             shares   Placing     Salary     shares now  Admission of the 
                      Price (£)   Shares     held        Placing Shares and 
                                  Issued     (including  New 
                                             the         Salary Shares 
                                             Placing 
                                             Shares set 
                                             out 
                                             above) 
Jonathan     £50,000    £0.015    3,333,333  8,551,496          2.25% 
Battershill 
 
Admission and Total Voting Rights 
 
Application has been made to the London Stock Exchange for admission of the 
Placing Shares, the Additional Subscription Shares, the Juno Subscription Shares 
and the New Salary Shares (being a total of 84,589,141 Ordinary Shares) to 
trading on AIM. It is expected that admission will become effective and dealings 
in the New Ordinary Shares commence on AIM at 8.00 a.m. on 22 May 2023 (or such 
later date as may be agreed between the Company and the Bookrunner, but no later 
than 19 June 2023). 
 
The New Ordinary Shares and New Salary Shares will be issued fully paid and will 
rank pari passu in all respects with the Company's existing Ordinary Shares. 
 
Following Admission, the total number of Ordinary Shares in the capital of the 
Company in issue will be 379,809,689 with voting rights. This figure 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's share capital pursuant to (i) the Company's Articles, 
(ii) the Financial Conduct Authority's Disclosure Guidance and Transparency 
Rules and/or (iii) the AIM Rules for Companies issued by the London Stock 
Exchange plc as amended from time to time. 
 
Capitalised terms used but not otherwise defined in this announcement shall have 
the meanings ascribed to such terms in the Company's announcement made at 7.00 
a.m. on 16 May 2023, unless the context requires otherwise. 
 
Jonathan Battershill, CEO, comments: "The Board of Anglesey is very pleased to 
have secured this funding to continue advancing the Company's two key assets at 
Parys Mountain and Grängesberg. The Northern Copper Zone at Parys Mountain has 
the potential to be much larger than the current resource estimate of 9.4Mt, 
which could lead to a larger production profile and a longer mine life than 
implied in the Preliminary Economic Assessment released in 2021. Concurrently 
with the drilling, the Company will continue progressing the Environmental and 
Social Impact Assessment, which forms an integral part of the planning consent 
and permitting process, which is well advanced. At Grängesberg in Sweden, this 
funding will ensure the Company commences the baseline studies required for the 
Environmental Impact Assessment that will be required to support the future 
Environmental Permit Application." 
 
For further information on the Company, please visit www.angleseymining.co.uk or 
contact: 
 
Enquiries: 
 
Anglesey Mining Plc 
                                www.angleseymining.co.uk 
 
John Kearney, 
Chairman 
      Tel: [phone] 
 
Jonathan Battershill, Chief Executive 
                Tel: [phone] 
 
Davy (Nominated Adviser & Joint Broker) 
 
Brian Garrahy 
                                Tel: [phone] 
 
Daragh O'Reilly 
 
WH Ireland Limited (Joint Broker & Bookrunner) 
 
Harry 
Ansell 
                                Tel: [phone] 
 
Katy Mitchell 
 
About Anglesey Mining Plc 
 
Anglesey Mining is traded on the AIM market of the London Stock Exchange. 
 

Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au deposit in 
North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% 
combined base metals in the Measured and Indicated categories and 10.8 million 
tonnes at over 2.5% combined base metals in the Inferred category. 
 
Anglesey also holds an almost 50% interest in the Grängesberg Iron project in 
Sweden, together with management rights and a right of first refusal to increase 
its interest to 100%.  Anglesey also holds 12% of Labrador Iron Mines Holdings 
Limited, which through its 52% owned subsidiaries, is engaged in the exploration 
and development of direct shipping iron ore deposits in Labrador and Quebec. 
 
Notification And Public Disclosure Of Transactions By Persons Discharging 
Managerial Responsibilities And Persons Closely Associated With Them 
 
1.       Details of the person discharging 
         managerial responsibilities/person 
         closely associated 
a)       Name:                                     John Kearney 
2.       Reason for the notification 
a)       Position/status:                          Chairman 
b)       Initial notification/Amendment:           Initial notification 
3.       Details of the issuer, emission 
         allowance market participant, auction 
         platform, auctioneer or auction monitor 
a)       Name:                                     Anglesey Mining Plc 
b)       LEI:                                      213800X8BO8EK2B4HQ71 
4.       Details of the transaction(s): section 
         to be repeated 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 financial instrument,  Ordinary shares of 1 pence 
         type of instrument:Identification code:   each 
                                                   GB0000320472 
b)       Nature of the transaction: 
                                                    i. Purchase of ordinary 
                                                   shares 
                                                   ii. Grant of warrants to 
                                                   subscribe for ordinary 
                                                   shares 
c)       Price(s) and volume(s): 
                                                   Price(s) 
                                                   Volume(s) 
                                                   i. 1.5 pence 
                                                   i. 1,666,666 
                                                   ii. 2.5 pence exercise 
                                                   price  ii.833,333 
d)       Aggregated information:Aggregated         N/A 
         volume:Price: 
e)       Date of the transaction: 
                                                    i. 16 May 2023 
                                                   ii. 16 May 2023 
f)       Place of the transaction: 
                                                    i. Outside a trading venue 
                                                   ii. Outside a trading venue 
 
1.       Details of the person discharging 
         managerial responsibilities/person 
         closely associated 
a)       Name:                                     Jonathan Battershill 
2.       Reason for the notification 
a)       Position/status:                          Chief Executive Officer 
b)       Initial notification/Amendment:           Initial notification 
3.       Details of the issuer, emission 
         allowance market participant, auction 
         platform, auctioneer or auction monitor 
a)       Name:                                     Anglesey Mining Plc 
b)       LEI:                                      213800X8BO8EK2B4HQ71 
4.       Details of the transaction(s): section 
         to be repeated 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 financial instrument,  Ordinary shares of 1 pence 
         type of instrument:Identification code:   each 
                                                   GB0000320472 
b)       Nature of the transaction: 
                                                    i. Purchase of ordinary 
                                                   shares 
                                                   ii. Grant of warrants to 
                                                   subscribe for ordinary 
                                                   shares 
                                                   iii. Ordinary shares issued 
                                                   in lieu of salary 
c)       Price(s) and volume(s): 
                                                   Price(s) 
                                                   Volume(s) 
                                                   i. 1.5 pence 
                                                   i. 1,333,333 
                                                   ii. 2.5 pence exercise 
                                                   price  ii.666,666 
                                                   iii. 1.5 pence 
                                                   iii. 3,333,333 
d)       Aggregated information:Aggregated         N/A 
         volume:Price: 
e)       Date of the transaction: 
                                                    i. 16 May 2023 
                                                   ii. 16 May 2023 
                                                   iii. 16 May 2023 
f)       Place of the transaction: 
                                                    i. Outside a trading venue 
                                                   ii. Outside a trading venue 
                                                   iii. Outside a trading 
                                                   venue 
 
1.       Details of the person discharging 
         managerial responsibilities/person 
         closely associated 
a)       Name:                                     Nemrata Verma 
2.       Reason for the notification 
a)       Position/status:                          Non-Executive Director 
b)       Initial notification/Amendment:           Initial notification 
3.       Details of the issuer, emission 
         allowance market participant, auction 
         platform, auctioneer or auction monitor 
a)       Name:                                     Anglesey Mining Plc 
b)       LEI:                                      213800X8BO8EK2B4HQ71 
4.       Details of the transaction(s): section 
         to be repeated 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 financial instrument,  Ordinary shares of 1 pence 
         type of instrument:Identification code:   each 
                                                   GB0000320472 
b)       Nature of the transaction: 
                                                    i. Purchase of ordinary 
                                                   shares 
                                                   ii. Grant of warrants to 
                                                   subscribe for ordinary 
                                                   shares 
c)       Price(s) and volume(s): 
                                                   Price(s) 
                                                   Volume(s) 
                                                   i. 1.5 pence 
                                                   i. 666,666 
                                                   ii. 2.5 pence exercise 
                                                   price  ii.333,333 
d)       Aggregated information:Aggregated         N/A 
         volume:Price: 
e)       Date of the transaction: 
                                                    i. 16 May 2023 
                                                   ii. 16 May 2023 
f)       Place of the transaction: 
                                                    i. Outside a trading venue 
                                                   ii. Outside a trading venue 
 
1.       Details of the person discharging 
         managerial responsibilities/person 
         closely associated 
a)       Name:                                     Juno Limited 
2.       Reason for the notification 
a)       Position/status:                          PCA of Non-Executive 
                                                   Director Danesh Varma 
b)       Initial notification/Amendment:           Initial notification 
3.       Details of the issuer, emission 
         allowance market participant, auction 
         platform, auctioneer or auction monitor 
a)       Name:                                     Anglesey Mining Plc 
b)       LEI:                                      213800X8BO8EK2B4HQ71 
4.       Details of the transaction(s): section 
         to be repeated 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 financial instrument,  Ordinary shares of 1 pence 
         type of instrument:Identification code:   each 
                                                   GB0000320472 
b)       Nature of the transaction: 
                                                    i. Subscription for 
                                                   ordinary shares 
                                                   ii. Grant of warrants to 
                                                   subscribe for ordinary 
                                                   shares 
c)       Price(s) and volume(s): 
                                                   Price(s) 
                                                   Volume(s) 

                                                   i. 1.5 pence 
                                                   i.14,589,149 
                                                   ii. 2.5 pence exercise 
                                                   price  ii.7,294,574 
d)       Aggregated information:Aggregated         N/A 
         volume:Price: 
e)       Date of the transaction: 
                                                   iii. 16 May 2023 
                                                   iv. 16 May 2023 
f)       Place of the transaction: 
                                                   iii. Outside a trading 
                                                   venue 
                                                   iv. Outside a trading venue 
 
IMPORTANT INFORMATION 
 
The distribution of this announcement, including its Appendix (together, the 
"Announcement") and the offering of the Placing Shares in certain jurisdictions 
may be restricted by law. No action has been taken by the Company or the 
Bookrunner that would permit an offering of such shares or possession or 
distribution of this Announcement or any other offering or publicity material 
relating to such shares in any jurisdiction where action for that purpose is 
required. Persons into whose possession this Announcement comes are required by 
the Company and the Bookrunner to inform themselves about, and to observe such 
restrictions. In particular, the Announcement is not for publication, release, 
transmission distribution or forwarding, in whole or in part, directly or 
indirectly, in or into the United States, Australia, Canada, Japan, South 
Africa, New Zealand or any other jurisdiction in which publication, release or 
distribution would be unlawful. This Announcement is for information purposes 
only and does not constitute an offer to sell or issue, or the solicitation of 
an offer to buy, acquire or subscribe for shares in the capital of the Company 
in the United States, Australia, Canada, Japan, South Africa, New Zealand or any 
other state or jurisdiction. This Announcement has not been approved by the 
London Stock Exchange. Any failure to comply with these restrictions may 
constitute a violation of the securities laws of such jurisdictions. 
 
The Placing Shares have not been and will not be registered under the U.S. 
Securities Act of 1933, as amended (the "Securities Act") or with any securities 
regulatory authority of any state or other jurisdiction of the United States and 
may not be offered, sold, pledged, taken up, exercised, resold, renounced, 
transferred or delivered, directly or indirectly, in or into the United States 
absent registration under the Securities Act, except pursuant to an exemption 
from, or in a transaction not subject to, the registration requirements of the 
Securities Act and in compliance with any applicable securities laws of any 
state or other jurisdiction of the United States. The Placing Shares have not 
been approved, disapproved or recommended by the U.S. Securities and Exchange 
Commission, any state securities commission in the United States or any other 
U.S. regulatory authority, nor have any of the foregoing authorities passed upon 
or endorsed the merits of the offering of the Placing Shares. Subject to certain 
exceptions, the securities referred to herein may not be offered or sold in the 
United States, Australia, Canada, Japan, South Africa or to, or for the account 
or benefit of, any national, resident or citizen of the United States, 
Australia, Canada, Japan, the Republic of South Africa. 
 
No public offering of the Placing Shares is being made in the United States, 
United Kingdom or elsewhere. All offers of the Placing Shares will be made 
pursuant to an exemption under the Prospectus Regulation (Regulation (EU) 
2017/1129) ("Prospectus Regulation") or the Prospectus Regulation as it forms 
part of domestic UK law pursuant to the EUWA ("UK Prospectus Regulation") and 
other enacting measures (as the case may be) from the requirement to produce a 
prospectus. This Announcement is being distributed to persons in the United 
Kingdom only in circumstances in which section 21(1) of FSMA does not apply. 
 
No prospectus will be made available in connection with the matters contained in 
this Announcement and no such prospectus is required (in accordance with the 
Prospectus Regulation or UK Prospectus Regulation) to be published. This 
Announcement and the terms and conditions set out herein are for information 
purposes only and are directed only at persons who are: (a) persons in Member 
States who are Qualified Investors (as defined in Article 2(E) of the Prospectus 
Regulation); and (b) in the United Kingdom, Qualified Investors who are persons 
who (i) have professional experience in matters relating to investments falling 
within the definition of "investment professionals" in article 19(5) of the 
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as 
amended (the "Order"); (ii) are persons falling within article 49(2)(a) to (d) 
("high net worth companies, unincorporated associations, etc") of the Order; or 
(iii) are persons to whom it may otherwise be lawfully communicated; (all such 
persons together being referred to as "Relevant Persons"). 
 
This Announcement and the terms and conditions set out herein must not be acted 
on or relied on by persons who are not Relevant Persons. Persons distributing 
this Announcement must satisfy themselves that it is lawful to do so. Any 
investment or investment activity to which this Announcement and the terms and 
conditions set out herein relates is available only to Relevant Persons and will 
be engaged in only with Relevant Persons. 
 
This Announcement includes statements that are, or may be deemed to be, "forward 
-looking statements". These forward-looking statements can be identified by the 
use of forward-looking terminology, including the terms "believes", "estimates", 
"plans", "anticipates", "targets", "aims", "continues", "expects", "intends", 
"hopes", "may", "will", "would", "could" or "should" or, in each case, their 
negative or other variations or comparable terminology. These forward-looking 
statements include matters that are not facts. They appear in a number of places 
throughout this Announcement and include statements regarding the Directors' 
intentions, beliefs or current expectations concerning, amongst other things, 
the Group's results of operations, financial condition, liquidity, prospects, 
growth, strategies and the industries in which the Group operates. By their 
nature, forward-looking statements involve risk and uncertainty because they 
relate to future events and circumstances. A number of factors could cause 
actual results and developments to differ materially from those expressed or 
implied by the forward-looking statements, including, without limitation: 
ability to find appropriate investments in which to invest and to realise 
investments held by the Group; conditions in the public markets; the market 
position of the Group; the earnings, financial position, cash flows, return on 
capital and operating margins of the Group; the anticipated investments and 
capital expenditures of the Group; changing business or other market conditions; 
changes in political or tax regimes, exchange rates and clients; and general 
economic conditions. These and other factors could adversely affect the outcome 
and financial effects of the plans and events described herein. Forward-looking 
statements contained in this Announcement based on past trends or activities 
should not be taken as a representation that such trends or activities will 
continue in the future. Subject to any requirement under the AIM Rules or other 
applicable legislation or regulation, neither the Company nor the Bookrunner 
undertake any obligation to update or revise any forward-looking statements, 
whether as a result of new information, future events or otherwise. Investors 
should not place undue reliance on forward-looking statements, which speak only 
as of the date of this Announcement. 
 
No statement in this Announcement or incorporated by reference into this 
Announcement is intended to constitute a profit forecast or profit estimate for 
any period, nor should any statement be interpreted to mean that earnings or 
earnings per share will necessarily be greater or lesser than those for the 
relevant preceding financial periods for the Company. 
 
 i. Announcement contains information regarding the Company's business and the 
markets in which it operates and competes, which the Company has obtained from 
various third party sources. Where information has been sourced from a third 
party it has been accurately reproduced and, so far as the Company is aware and 
is able to ascertain from the information published by that third party, no 
facts have been omitted which would render the reproduced information inaccurate 
or misleading. Such information has not been audited or independently verified. 
 
Certain data in this Announcement, including financial, statistical and 
operating information, has been rounded. 
 
This Announcement is for information purposes only and shall not constitute an 
offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to 
buy, sell, issue, or subscribe for any securities, nor shall there be any sale 
of securities in any jurisdiction in which such offer, solicitation or sale 
would be unlawful prior to registration or qualification under the securities 
laws of any such jurisdiction. 
 
This Announcement has been issued by and is the sole responsibility of the 
Company. No representation or warranty, express or implied, is or will be made 
as to, or in relation to, and no responsibility or liability is or will be 
accepted by the Bookrunner or by any of their respective affiliates or agents as 
to, or in relation to, the accuracy or completeness of this Announcement or any 
other written or oral information made available to or publicly available to any 

interested party or its advisers, and any liability therefore is expressly 
disclaimed. 
 
J&E Davy ("Davy"), which is authorised and regulated in Ireland by the Central 
Bank of Ireland, is acting as nominated adviser to the Company and no one else 
in connection with the matters described in this Announcement and will not be 
responsible to any person for providing the protections afforded to customers of 
Davy or for advising any other person in connection with any matter referred to 
herein. The responsibilities of Davy as the Company's nominated adviser under 
the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed 
solely to the London Stock Exchange and are not owed to the Company or to any 
director or shareholder of the Company or any other person, in respect of its 
decision to acquire shares in the capital of the Company in reliance on any part 
of this Announcement, or otherwise. 
 
WH Ireland Limited ("WHI"), which is authorised and regulated in Ireland by the 
Financial Conduct Authority, is acting as broker to the Company and no one else 
in connection with the matters described in this Announcement and will not be 
responsible to any person for providing the protections afforded to customers of 
WHI or for advising any other person in connection with any matter referred to 
herein. The responsibilities of WHI as the Company's under the AIM Rules for 
Companies are owed solely to the London Stock Exchange and are not owed to the 
Company or to any director or shareholder of the Company or any other person, in 
respect of its decision to acquire shares in the capital of the Company in 
reliance on any part of this Announcement, or otherwise. Persons (including, 
without limitation, nominees and trustees) who have a contractual or other legal 
obligation to forward a copy of the Appendix or this Announcement should seek 
appropriate advice before taking any action. 
 
The Placing Shares to which this Announcement relates may be illiquid and / or 
subject to restrictions on their resale. Prospective subscribers of the Placing 
Shares should conduct their own due diligence on the Placing Shares. If you do 
not understand the contents of this Announcement you should consult an 
authorised financial adviser. 
 
Neither the content of the Company's website nor any website accessible by 
hyperlinks on the Company's website is incorporated in, or forms part of, this 
Announcement. 
 
Information to Distributors 
 
Solely for the purposes of the product governance requirements contained within: 
(a) EU Directive 2014/65/EU on markets in financial instruments, as amended 
("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 
2017/593 supplementing MiFID II; and (c) local implementing measures (together, 
the "MiFID II Product Governance Requirements"), and disclaiming all and any 
liability, whether arising in tort, contract or otherwise, which any 
"manufacturer" (for the purposes of the MiFID II Product Governance 
Requirements) may otherwise have with respect thereto, the Placing Shares have 
been subject to a product approval process, which has determined that such 
securities are: (i) compatible with an end target market of retail investors and 
investors who meet the criteria of professional clients and eligible 
counterparties, each as defined in MiFID II; and (ii) eligible for distribution 
through all distribution channels as are permitted by MiFID II (the "Target 
Market Assessment").  Notwithstanding the Target Market Assessment, distributors 
should note that: the price of the Placing Shares may decline and investors 
could lose all or part of their investment; the Placing Shares offer no 
guaranteed income and no capital protection; and an investment in the Placing 
Shares is compatible only with investors who do not need a guaranteed income or 
capital protection, who (either alone or in conjunction with an appropriate 
financial or other adviser) are capable of evaluating the merits and risks of 
such an investment and who have sufficient resources to be able to bear any 
losses that may result therefrom. The Target Market Assessment is without 
prejudice to the requirements of any contractual, legal or regulatory selling 
restrictions in relation to the Placing.  Furthermore, it is noted that, 
notwithstanding the Target Market Assessment, the Bookrunner will only procure 
investors who meet the criteria of professional clients and eligible 
counterparties. 
 
For the avoidance of doubt, the Target Market Assessment does not constitute: 
(a) an assessment of suitability or appropriateness for the purposes of MiFID 
II; or (b) a recommendation to any investor or group of investors to invest in, 
or purchase, or take any other action whatsoever with respect to the Placing 
Shares. 
 
Each distributor is responsible for undertaking its own target market assessment 
in respect of the Placing Shares and determining appropriate distribution 
channels. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

May 16, 2023 09:14 ET (13:14 GMT)