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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
W Resources Plc | LSE:WRES | London | Ordinary Share | GB00BKQN5R41 | 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% | 2.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWRES
RNS Number : 8907M
W Resources PLC
26 January 2021
26 January 2021
W Resources Plc
("W" or the "Company")
Issue of Shares
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has issued 247,290,458 ordinary shares of 0.1p per share ("Ordinary Shares") at a deemed price of 0. 1113p per Ordinary Share.
The first tranche of GBP44,603.03, forms part of Director, Pablo Neira's 2020 remuneration package, (see table below) and the second tranche of GBP230,631.25 is issued to technical and professional creditors.
No. of Shares Issued No. of Shares Held After % Holding Placing ------------- --------------------- ------------------------- ---------- Pablo Neira 40,074,602 40,074,602 0.53 ------------- --------------------- ------------------------- ----------
Application will be made for the new Ordinary Shares to be admitted to trading on AIM with admission expected to occur on or around 1 February 2021 .
Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 7,613,036,507 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 7,613,036,507 Ordinary Shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
W Resources Plc Grant Thornton UK LLP Paul Hailes Colin Aaronson / Seamus Fricker investors@wresources.com T: +44 (0) 20 7383 5100 www.wresources.com Joint Broker Joint Broker Turner Pope Investments (TPI) Alternative Resource Capital / Ltd Shard Capital Andy Thacker / Zoe Alexander Alex Wood T: +44 (0) 203 657 0050 T:+44 (0) 20 7186 9004 www.turnerpope.com www.altrescap.com Damon Heath T:+44 (0) 20 7186 9952 www.shardcapital.com Alma PR Justine James T: +44 (0) 20 3405 0205 M: +44 (0) 7525 324431 wres@almapr.co.uk
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Pablo Neira -------------------------------------- -------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------ a) Position/status Executive Director -------------------------------------- -------------------------------------------- b) Initial notification /Amendment Initial notification -------------------------------------- -------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------ a) Name W Resources Plc -------------------------------------- -------------------------------------------- b) LEI 213800H66EK87TAOS666 -------------------------------------- -------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------------------ a) Description of the financial Ordinary shares of 0.1 pence each instrument, type of instrument Identification code GB00B0358H47 b) Nature of the transaction Issue of shares in lieu of Directors' fees Price(s) and volume(s) Price(s) Volume(s) 0.1113 pence 40,074,602 d) Aggregated information - Aggregated volume Aggregate volume: 40,074,602 - Price Aggregate price: 0.1113 pence Aggregate total: GBP44,603.03 e) Date of the transaction 25 January 2021 f) Place of the transaction Outside a trading venue -------------------------------------- --------------------------------------------
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(END) Dow Jones Newswires
January 26, 2021 03:01 ET (08:01 GMT)
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