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 |
---|---|---|---|---|---|
Cradle Arc | LSE:CRA | London | Ordinary Share | GB00BYZ6H873 | ORD GBP0.0001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.625 | 0.60 | 0.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCRA
RNS Number : 8230I
Cradle Arc PLC
28 November 2018
Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining
28 November 2018
Cradle Arc plc
("Cradle Arc" or the "Company")
Conversion of Loan Notes & Total Voting Rights
Cradle Arc (AIM:CRA), the African focused base and precious metals exploration and production company, announces that a holder (the "Noteholder") of certain of the outstanding convertible loan notes issued by the Company on 16 January 2017 (the "Notes") has elected to convert certain of its holding of Notes into new ordinary shares of GBP0.0001 each in the capital of the Company ("Ordinary Shares") under the terms of such Notes.
Accordingly, 10,666,666 new Ordinary Shares (the "Conversion Shares") have been issued to the Noteholder at a price of GBP0.0046875 per share, in accordance with the terms of the Notes and date of the conversion notice received by the Company.
Application for Trading on AIM and Total Voting Rights
Application will be made to the London Stock Exchange plc for admission of the Conversion Shares to trading on AIM, with such admission expected to become effective and dealings commence at 8.00 a.m. on or around 5 December 2018. Following admission, the share capital of the Company will comprise 352,905,511 Ordinary Shares and, accordingly, the total number of voting rights will be 352,905,511.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 352,905,511 may be used by shareholders in the Company 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, Cradle Arc under the FCA's Disclosure Guidance and Transparency Rules.
**ENDS**
For further information on the Company, please visit www.cradlearc.com or contact:
Cradle Arc plc Tel: +44 (0)20 7637 5216 Kevin van Wouw Mark Jones Strand Hanson Limited Tel: +44 (0)20 7409 3494 James Spinney Matthew Chandler James Dance SP Angel Corporate Finance Tel: +44 (0)20 3470 0470 LLP Ewan Leggat John Meyer Tavistock Communications Limited Tel: +44 (0)20 7920 3150 Charles Vivian Gareth Tredway
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About Cradle Arc
AIM-quoted Cradle Arc plc is the 60 per cent. owner of the Mowana copper mine in Botswana, an operational open pit mine and processing facility located in the north-east of the country, approximately 120 km northwest of Francistown.
The Company has an independent open pit ore reserve estimate (Proved and Probable JORC 2012) of 31.8 Mt at 1.17% Cu for 370,800 tonnes contained copper, based on a Dense Media Separation (DMS) mine plan.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCBPBRTMBBTBTP
(END) Dow Jones Newswires
November 28, 2018 12:16 ET (17:16 GMT)
1 Year Cradle Arc Chart |
1 Month Cradle Arc Chart |
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