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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Egdon Resources Plc | LSE:EDR | London | Ordinary Share | GB00B28YML29 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEDR
RNS Number : 3629K
Egdon Resources PLC
05 May 2022
5 May 2022
EGDON RESOURCES PLC
("Egdon" or "the Company")
Exercise of Warrants, Issue of New Shares and Total Voting Rights
Egdon Resources plc (AIM:EDR) has received notice of the exercise of Warrants and can advise the issue of new Ordinary Shares of 1p each in the Company ("Ordinary Shares") as follows.
The Warrants
In July 2021 the Company raised GBP1.44 million through the issue of 115,228,000 new Ordinary Shares at a price of 1.25 pence per share. In addition, each two Subscription Shares were granted a right to subscribe for one new Ordinary Share at a price of 2.5 pence per share, (the "Warrant").
Exercise of Warrants and Issue of New Ordinary Shares
Number of Warrants Number of 1p new Consideration being reported Ordinary Shares Received at as Exercised issued 2.5p per share 400,000 400,000 GBP10,000.00 ----------------- ----------------
Application for Admission of New Ordinary Shares to AIM
An application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange with admission expected to become effective on or around 10 May 2022.
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares in all respects.
Outstanding Warrants
Following the exercise of the Warrants reported above 50,399,000 Warrants remain outstanding and are exercisable at any time until 23 July 2023.
Total Voting Rights
Following admission of the new Ordinary Shares on or around 10 May 2022 the issued share capital of the Company will be 523,992,031 Ordinary Shares, each with voting rights. 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 and Transparency Rules.
For further information please contact:
Egdon Resources plc
Mark Abbott, Martin Durham 01256 702 292
Buchanan
Ben Romney, Jon Krinks 020 7466 5000
Nominated Adviser & Joint Broker - WH Ireland Limited
Chris Hardie, Megan Liddell 020 7220 1666
Joint Broker & Financial Advisors - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain
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END
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(END) Dow Jones Newswires
May 05, 2022 02:00 ET (06:00 GMT)
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