Issue of Shares

RNS Number : 8902C

Highlands Natural Resources PLC

01 July 2016

 



1 July 2016

Highlands Natural Resources plc ('Highlands' or 'the Company')

Issue of Shares

Highlands, the London listed natural resources company, announces that it has issued an additional 5,000,000 ordinary shares in the Company (the 'New Ordinary Shares') pursuant to the exercise of warrants.  The warrants exercised are part of those acquired by an institutional investor from Diversion Technologies, LLC, as announced on 15 June 2016, and which are exercisable into ordinary shares in Highlands at 25 pence per share.  Accordingly, as anticipated following that sale, this exercise is a significant event for Highlands and has resulted in the receipt of new funds of £1.25 million.

An application will be made for the New Ordinary Shares to be admitted to trading on the Official List of the UK Listing Authority by way of a Standard Listing and to trading on the London Stock Exchange's Main Market for listed securities ('Admission') and it is expected that Admission will take place on 7 July 2016. 

Following the issue of the New Ordinary Shares, the total number of ordinary shares in Highlands with voting rights will be 39,087,349. This figure may be used by Highlands' shareholders as the denominator for calculations to determine if they have a notifiable interest in Highlands under the Disclosure and Transparency Rules, or if such interest has changed. 

Disclosure of notifiable interests

Due to the issue of the above New Ordinary Shares, although the shareholdings of Mr R B Price and Diversion Technologies, LLC have not changed, with effect from Admission their holdings represent 30.7% and 4.9% respectively of the Company's total voting rights.

**ENDS**

For further information, please visit www.highlandsnr.com, or contact:

Robert Price	Highlands Natural Resources plc	+1 (0)  918 361 7000
Nick Tulloch	Cenkos Securities plc	[phone]
Neil McDonald	Cenkos Securities plc	[phone] / [phone]
Lottie Brocklehurst	St Brides Partners Ltd	[phone]
Elisabeth Cowell	St Brides Partners Ltd	[phone]

 

END

 

 

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