Arc Minerals Limited Issue of Shares

RNS Number : 1321A

Arc Minerals Limited

12 August 2024

 

12 August 2024

Arc Minerals Ltd

('Arc' or the 'Company')

Issue of Shares

 

Arc Minerals announces that is has issued 2,094,000 new ordinary shares of no par value in the share capital of the Company ("Ordinary Shares") to creditors at a price per share of 1.7498 in lieu of cash for services rendered to the Company ("Consideration Shares").

 

Application will be made to the London Stock Exchange plc for the 2,094,000 Consideration Shares to be admitted to trading on AIM ("Admission") with Admission expected to occur on or around 16 August 2024. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the Consideration Shares the total number of voting rights in the Company will be 1,448,108,263.

 

 

For further information contact:

Arc Minerals Ltd                                                              Nick von Schirnding (Executive Chairman)	c/o Benchmark Communications
WH Ireland (Nominated Adviser & Joint Broker) Katy Mitchell/Harry Ansell	Tel: [phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath	Tel: [phone]
Benchmark Communications (Investor Relations) Richard Kauffer	Tel: [phone]

                                                  

For more information, visit www.arcminerals.com.

 

 

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