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KAT Katoro Gold Plc

0.09
0.0025 (2.86%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Katoro Gold Plc LSE:KAT London Ordinary Share GB00BSNBL022 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0025 2.86% 0.09 0.085 0.095 0.09 0.0875 0.09 31,967,251 08:43:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -1.05M -0.0016 -0.56 602.55k

Katoro Gold PLC CLN Conversion and Full and Final Settlement (1992M)

19/01/2021 12:23pm

UK Regulatory


Katoro Gold (LSE:KAT)
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From Mar 2019 to Mar 2024

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TIDMKAT

RNS Number : 1992M

Katoro Gold PLC

19 January 2021

Katoro Gold plc (Incorporated in England and Wales )

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

   ("Katoro" or  "the   Company") 

19 January 2021

Katoro Gold plc ('Katoro' or the 'Company')

CLN CONVERSION AND FULL AND FINAL SETTLEMENT

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, announces that, further to previous announcements, most recently on 17 November 2020, it has received further notices from certain clients of SI Capital, the Company's broker, who participated in the January 2020 Convertible Loan Note ('CLN') to convert , in aggregate, GBP 17,000 principal value of the CLN at a conversion price of 1.4 pence per share. As a result, the Company will issue the relevant CLN holders with 1,214,285 new ordinary shares of 1 pence each in the Company ('Ordinary Shares') ('Conversion Shares') and following the conversion, the CLN will have been settled in full with no principal outstanding balance remaining. The CLN accrues interest at 20% per annum on a daily basis and the total accrued interest relating to the foregoing conversions amount to GBP3,390.68 which will be settled in cash.

Admission and Total Voting Rights

Application will be made for 1,214,285 new Ordinary Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 26 January 2021 ('Admission'). Following Admission, the share capital of the Company will comprise 377,912,593 Ordinary Shares.

Each Ordinary Share has one voting right and no Ordinary Shares are held in treasury. Accordingly, the total number of voting rights will be 377,912,593 and this figure 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, Katoro under the FCA's Disclosure Guidance and Transparency Rules.

Following the issue of the Conversion Shares and Admission, Kibo Energy PLC will be interested in, in aggregate, 96,138,738 Ordinary Shares representing approximately 25.44% of the Company's then issued share capital.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

**ENDS**

For further information please visit www.katorogold.com or contact:

 
 Louis Coetzee     louisc@katorogold.com   Katoro Gold plc       Executive Chairman 
 Bhavesh Patel     +44 20 3440 6800        RFC Ambrian Limited   NOMAD on AIM 
  Andrew Thomson 
 Nick Emmerson     +44 (0) 1483 413        SI Capital Ltd        Broker 
  Sam Lomanto       500 
 Isabel de Salis   +44 (0) 20 7236         St Brides Partners    Investor and Media 
  Beth Melluish     1177                    Ltd                   Relations Adviser 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

January 19, 2021 07:23 ET (12:23 GMT)

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