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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.025 | 1.45% | 1.75 | 1.70 | 1.80 | 1.80 | 1.725 | 1.725 | 7,548,940 | 10:30:41 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 0 | 7.08M | 0.0058 | 3.02 | 21.14M |
Arc Minerals Ltd
('Arc' or the 'Company')
Share Buyback and associated cancellation of ordinary shares: Update
Total Voting Rights
The Company provides an update following the successful completion of the Share Buyback announced on 26 March 2024. Due to administrative delays it is now anticipated that the cancellation of 22,539,746 ordinary shares of no par value each (the "Buyback Shares") will now take place on or around 22 April 2024, instead of 4 April 2024 as previously announced. Pending the cancellation of the Buyback Shares, the Buyback Shares will now be held in Treasury.
There are a total of 22,539,746 Ordinary Shares held in Treasury by the Company.
Total Voting Rights Update
The current total number of Ordinary Shares in the capital of the Company in issue is 1,446,014,263 with associated voting rights, with a further 22,539,747 ordinary shares, being the Buyback Shares, now held in Treasury.
The Company confirms that following the cancellation of the Buyback Shares on or around 22 April 2024, the total number of Ordinary Shares in the capital of the Company in issue will be 1,446,014,263 with associated voting rights with no ordinary shares held in Treasury. 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 the Company's articles of association.
As a result of the cancellation of the Buyback Shares, each shareholders' percentage shareholding will increase and accordingly, each shareholder should ensure that they comply with their obligations under Article 24.1 of the Company's Articles of Association (which can be found on the Company's website at https://www.arcminerals.com) to disclose interests in the total voting rights of the Company.
Contacts
Arc Minerals Ltd Nick von Schirnding (Executive Chairman)
|
+44 (0) 20 7917 2942
|
WH Ireland Limited (Nomad and Broker) Harry Ansell / Katy Mitchell
|
+44 (0) 20 7220 1666
|
1 Year Arc Minerals Chart |
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