Grant of Options
31 March 2022
Arc Minerals Ltd
('Arc Minerals' or the 'Company')
Grant of Options
Further to the Settlement Agreement as first announced on 18 February 2022, the Company announces the grant of options to the claimant parties over 3,000,000 new ordinary shares of no par value ("Ordinary Shares") of the Company ("Share Options") with an exercise price of 5 pence per Ordinary Share. The Share Options are exercisable immediately and will expire on 31 March 2024.
Following the grant of the Share Options there will be a total of 20,133,334 share options over unissued Ordinary Shares, representing approximately 1.75% of the Company's current issued Ordinary Share capital of 1,150,519,886.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
**ENDS**
Contacts
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Arc Minerals Ltd Nick von Schirnding (Executive Chairman)
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+44 (0) 20 7917 2942
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SP Angel (Nominated Adviser & Joint Broker) Ewan Leggat / Adam Cowl
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+44 (0) 20 3470 0470
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WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell
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+44 (0) 20 7220 1666
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