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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zincox Res. | LSE:ZOX | London | Ordinary Share | GB0031124638 | 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% | 0.45 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMZOX
RNS Number : 4457F
ZincOx Resources PLC
24 April 2014
ZincOx Resources plc
("ZincOx" or the "Company")
Result of General Meeting and Open Offer
On 7 April 2014, the Board of ZincOx Resources plc (AIM: ZOX), the developer of one of the largest Electric Arc Furnace Dust recycling facilities in the world, announced details of a proposed Open Offer of the new Ordinary Shares to raise up to approximately GBP3.93 million in total.
At the General Meeting held earlier today, all Resolutions proposed in connection with, inter alia, the Open Offer were passed by Shareholders.
The Open Offer closed for acceptances at 11.00 a.m. on 23 April 2014. The Company received valid acceptances from Qualifying Shareholders in respect of 20,378,477 Open Offer Shares, including applications for 6,044,448 Open Offer Shares under the Excess Application Facility. This represents approximately 52 per cent. of the maximum number of Open Offer Shares available under the Open Offer. The Company has therefore raised gross proceeds of approximately GBP2.04 million through the Open Offer.
Application has been made to AIM for the admission of the Open Offer Shares. It is expected that Admission will become effective at 8.00 a.m. on 25 April 2014. The Open Offer Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares of 1p each.
The following table sets out the Directors' shareholdings and percentage interests in the issued share capital of the Company following Admission, including shares taken up by Directors in the Open Offer:
Name and position No. of existing No. of Percentage No. of Ordinary Open Offer holding Ordinary Shares held Shares on Admission Shares as at the subscribed over which date of for options this announcement are granted on Admission Andrew Woollett, Executive Chairman 5,387,596 0 3.24% 4,515,854 Simon Hall, Finance Director 145,600 17,500 0.10% 1,731,318 Jacques Dewalens, Technical & Production Director 253,445 0 0.15% 1,500,000 Gautam Dalal, Non-Executive Director 560,000 150,000 0.43% 0 Rod Beddows, Deputy Chairman & Non-Executive Director 822,500 0 0.49% 0 Guy Lafferty, Non-Executive Director 0 0 0.00% 0
The new Ordinary Shares (in uncertificated form) are expected to be credited to CREST accounts on 25 April 2014 and definitive share certificates for the new Ordinary Shares (in certificated form) are expected to be despatched to certificated shareholders by 2 May 2014.
Following Admission of the new Ordinary Shares and in accordance with Disclosure and Transparency Rules, the Company's issued voting ordinary share capital will be comprised of 166,305,778 Ordinary Shares of 1 pence each.
The above figure may be used by shareholders as a 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, ZincOx under the FCA's Disclosure and Transparency Rules.
All capitalised terms used in this announcement shall have the meanings ascribed to them in the circular published by the Company on 7 April 2014.
For further information, please visit www.zincox.com or contact:
ZincOx Resources plc Tel: +44 (0) 1276 Andrew Woollett, Executive 45 0100 Chairman Peel Hunt LLP (Nominated Adviser Tel: +44 (0) 207 and Broker) 418 8900 Richard Kauffer / Daniel Harris Tavistock Communications (Financial Tel: +44 (0) 207 PR) 920 3150 Simon Hudson / Nuala Gallagher
This information is provided by RNS
The company news service from the London Stock Exchange
END
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