Issue of Equity

RNS Number : 0983C

MetalNRG PLC

07 October 2022

 

T HIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

7 October 2022

MetalNRG plc

("MetalNRG" or the "Company")

Issue of Equity

MetalNRG (LON:MNRG), the natural resources and energy investment company , announces that it has received a notice of conversion in respect of £19,000 of an unsecured loan facility (including accrued interest) and as a result 25,000,000 new MetalNRG Ordinary Shares (the "New Shares") are to be issued at £0.00076 per share.

This has resulted in the Company's obligations to GIS falling from £177,663.09 to £158,663.

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 12 October 2022.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 1,231,704,269 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

MetalNRG PLC Christopher Latilla-Campbell	[phone]
Corporate Adviser PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey	[phone]
Corporate Broker SI CAPITAL LIMITED Nick Emerson	[phone]

 

END

 

 

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