Exercise of Warrants

RNS Number : 7301J
Arkle Resources PLC
28 April 2022
 

 

 

28 April 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Exercise of Warrants

 

Arkle announces that, pursuant to the receipt of warrant conversion notices, it has issued 9,320,000 ordinary shares of EUR0.0025 each ("Ordinary Shares") at the exercise price of 0.5 pence per share ("New Shares").

 

Application has been made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 5 May 2022 ("Admission"). The proceeds of the exercise of GBP 46,600 will be used for additional working capital.

 

Total Voting Rights

 

Following Admission, Arkle will have 345,382,426 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should be used by shareholders 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, the Company under the FCA's Disclosure and Transparency Rules.

 

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.

 

The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.

 

A copy of this announcement is available on the Company's website, at www.arkleresources.com

 

ENDS

 

 

 

Enquiries:

 

 

Arkle Resources PLC

John Teeling, Chairman     +353 (0) 1 833 2833

Jim Finn, Finance Director    +353 (0) 1 833 2833

 

 

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Matthew Johnson/Adam Cowl    +44 (0) 203 470 0470

 

First Equity Limited

Joint Broker

Jason Robertson                                                            +44 (0) 207 374 2212

 

BlytheRay                                                                        +44 (0) 207 138 3204

Megan Ray

Rachael Brooks

 

Teneo

Luke Hogg                                                                         +353 (0) 1 661 4055

Ciara Wylie                                                                       +353 (0) 1 661 4055

 

 

 

 

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
 
 
IOEEAFLPAEFAEFA
UK 100