Exercise of options and change to TVR

RNS Number : 8190S

Bens Creek Group PLC

14 March 2023

 

14 March 2023

Bens Creek Group plc

("Bens Creek", the "Group" or the "Company")

Exercise of options and change to total voting rights

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces that it has received notice for the exercise of options to subscribe for 250,000 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares").  The exercise price is 5 pence per New Ordinary Share. These options were previously granted to a former director of the Company. The exercise of these options will generate proceeds of £12,500 for the Company.

Application has been made for the 250,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 17 March 2023.

Upon Admission, the Company's issued share capital will consist of 398,723,728 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 398,723,728. With effect from Admission, this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Bens Creek Group plc Adam Wilson, CEO Peter Shea, Chief of Staff	[phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas / Nick Naylor / George Payne (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)		[phone]
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell	[phone]

 

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