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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arc Minerals Limited | LSE:ARCM | London | Ordinary Share | VGG045791016 | ORDS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.70 | 1.65 | 1.75 | 1.70 | 1.70 | 1.70 | 150,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 0 | -7.34M | -0.0060 | -2.83 | 20.95M |
TIDMARCM
RNS Number : 6427Z
Arc Minerals Limited
21 September 2020
21 September 2020
Arc Minerals Ltd
('Arc' or the 'Company')
Block Listing
The Company is pleased to announce that an application has been made to the London Stock Exchange for a block admission of up to 54,571,854 ordinary shares of no par value in the Company (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission") in connection with certain existing warrants over ordinary shares granted by the Company according to the below table. It is expected that Admission will occur on or around 25 September 2020.
Number Exercise Expiration of Warrants Price Date ------------- ----------- ------------ 1,000,000 2.25 pence 01 Nov 2022 550,176 2.55 pence 01 Apr 2024 980,584 2.90 pence 16 May 2023 50,000,000 3.00 pence 17 Jun 2022 2,041,094 3.20 pence 17 Jun 2021 54,571,854 =============
The New Ordinary Shares may be issued from time-to-time pursuant to the exercise of existing warrants. If and when issued, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.
The total number of ordinary shares of no par value in the Company as at the date of this announcement is 980,628,507. There are currently no shares held in treasury. The total number of voting rights in the Company is therefore 980,628,507. 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, under the Disclosure Guidance and Transparency Rules.
The Company will make six-monthly announcements regarding the utilisation of the block admission.
The total number of warrants over ordinary shares of the Company that are outstanding as at the date of this announcement, including the warrants listed in the table above, is 243,538,235.
For more information visit www.arcminerals.com .
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
Contacts
Arc Minerals Ltd Nick von Schirnding (Chairman) +44 (0) 20 7917 2942 SP Angel (Nominated Adviser & Broker) Ewan Leggat / Soltan Tagiev +44 (0) 20 3470 0470
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END
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(END) Dow Jones Newswires
September 21, 2020 13:05 ET (17:05 GMT)
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