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     [phone]

Jim Finn, Finance Director    [phone]

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Matthew Johnson/Adam Cowl    [phone]

First Equity Limited

Joint Broker

Jason Robertson                                                            [phone]

BlytheRay                                                                        [phone]

Megan Ray

Rachael Brooks

Teneo

Luke Hogg                                                                         [phone]

Ciara Wylie                                                                       [phone]

 

END

 

 

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