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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vast Resources Plc | LSE:VAST | London | Ordinary Share | GB00BQ7WTT20 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.435 | 0.42 | 0.45 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmtl Minrl Svcs, Ex Fuels | 3.72M | -10.51M | -0.0024 | -1.79 | 18.69M |
TIDMVAST Vast Resources plc ("Vast" or the "Company") Subscription for shares under the Company's Share Appreciation Rights Scheme Vast Resources plc, the AIM-listed mining company, announces that further to the award of rights under the Company's Share Appreciation Rights Scheme (the 'Scheme') announced on 5 November 2019 a participant has on 7 November exercised rights to subscribe for 20,000,000 Ordinary Shares (the 'Subscription Shares') in the Company at a price of 0.25p per share. GBP50,000 has been received by this Company in respect of this subscription. The issue of the Subscription Shares is conditional on their admission to trading on AIM ("Admission"). Application is being made for the Subscription Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealing in the Subscription Shares will commence on or around 13 November 2019. The Subscription Shares will rank pari passu with existing Ordinary Shares. Following Admission, the total issued share capital of the Company will be 10,273,082,366. The above figure of 10,273,082,366 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 Vast under the FCA's Disclosure and Transparency Rule. **ENDS** For further information, visit www.vastplc.com or please contact: Vast Resources plc www.vastplc.com Andrew Prelea (Chief Executive +44 (0) 1491 615 232 Officer) Andrew Hall Beaumont Cornish - Financial & www.beaumontcornish.com Nominated Adviser +44 (0) 020 7628 3396 Roland Cornish James Biddle SP Angel Corporate Finance LLP www.spangel.co.uk -- Broker +44 (0) 20 3470 0470 Richard Morrison Caroline Rowe Blytheweigh www.blytheweigh.com Tim Blythe +44 (0) 20 7138 3204 Megan Ray 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"). ABOUT VAST RESOURCES PLC Vast Resources plc, is an AIM listed mining company with mines in Romania and Zimbabwe focused on the rapid advancement of high quality brownfield projects by recommencing production at previously producing mines in Romania and commencement of the joint venture mining agreement on the Community Concession Block of the Chiadzwa Diamond Fields in Zimbabwe. The Company's portfolio includes an 80% interest in the Baita Plai Polymetallic Mine in Romania, where work is currently underway towards developing and recommissioning the mine on completion of funding and the commencement of the of the Community Concession Block in Chiadzwa, Zimbabwe Vast Resources owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. Attachment -- Subscription for shares under the Company's Share Appreciation Rights Scheme https://ml-eu.globenewswire.com/Resource/Download/57e95123-8329-4298-a1ad-f4a9c1fb1aa2
(END) Dow Jones Newswires
November 07, 2019 10:46 ET (15:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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