We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlas Metals Group Plc | LSE:AMG | London | Ordinary Share | GB00BS2GR553 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 2.44% | 10.50 | 9.50 | 11.50 | 10.50 | 10.25 | 10.25 | 4,455 | 10:44:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
17 January 2025
Atlas Metals Group plc
(the "Company", or "Atlas Metals")
Corporate Update
Atlas Metals (previously known as MetalNRG), announced on 24 December 2024 that the sale and purchase agreement that the Company had signed to acquire the entire issued share capital of Compagnie Minière de Oumejrane ("CMO") from Managem S.A. ("Managem") had been terminated with immediate effect. The Company subsequently examined possible alternative options to enable the conclusion of the acquisition of CMO, but no appropriate alternatives were available in the required timescale and Managem have now completed the sale of CMO to a third party.
Following the failure to complete the acquisition of CMO the Company's management have been examining and engaging in discussions with a number of other potential acquisition targets, which are primarily producing assets focused on copper and gold in Africa.
In addition, the Company continues to explore options to maximise the value to its shareholders of Atlas Metal's existing portfolio of assets.
Further announcements will be made in due course, as appropriate.
Commenting Christopher Chadwick, CEO of Atlas Metals, said: "Whilst it was obviously disappointing that we could not conclude the acquisition of CMO, I am very pleased with the quality and breadth of the alternative acquisition opportunities that are being presented. The Atlas Metals strategy remains unchanged and I am fully committed to building a global natural resources business to deliver industry leading returns to shareholders through a consolidation of tier two assets over the next five years. I look forward to providing further updates in due course as discussions progress."
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Atlas Metals is Christopher Chadwick, Chief Executive Officer.
For further information, please contact:
Atlas Metals Group plc |
||
Christopher Chadwick |
+44 (0) 207 796 9060 |
|
|
||
Hannam & Partners - Financial Adviser and Joint Broker |
||
Andrew Chubb |
+44 (0) 207 907 8500 |
|
|
|
|
SPARK Advisory Partners Limited - Sponsor |
||
James Keeshan |
+44 (0) 203 368 3550 |
|
Andrew Emmott |
+44 (0) 203 368 3550 |
|
|
|
|
Peterhouse Capital Limited - Joint Broker |
||
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
Duncan Vasey |
+ 44 (0) 207 469 0930 |
|
|
|
|
S I Capital Limited - Joint Broker |
||
Nick Emerson |
+44 (0) 1483 413500 |
|
|
|
|
IFC Advisory Limited - Financial PR and IR |
|
|
Tim Metcalfe |
+44 (0) 203 934 6630 |
|
Florence Chandler |
+44 (0) 203 934 6630 |
|
|
|
|
1 Year Atlas Metals Chart |
1 Month Atlas Metals Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions