Result of GM, Director Dealing & Suspension Update

RNS Number : 2547Q

African Battery Metals PLC

15 February 2019

 

African Battery Metals plc

("ABM" or the "Company")

Result of General Meeting

Director dealing, Lifting of Suspension &

Confirmation of Directors' Shareholdings

African Battery Metals plc, the AIM quoted African focused exploration company, announces that at its General Meeting held earlier today, Friday 15^th February 2019, all Resolutions were duly passed by the Company's shareholders. Following completion of the General meeting the Company has requested that trading in its shares resumes on AIM at 7:30 a.m. on 18 February 2019.

The votes were cast as follows in respect of shareholders who have appointed the Chairman of the meeting as their proxy:

Resolution	Votes for	%	Votes against	%	Votes withheld
1	73,356,123	99.96	30,267	0.04	3,153
2	73,356,123	99.96	30,267	0.04	3,153

As at February 13, 2018, there were 136,579,143 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

Following the passing of the Resolutions, the Directors anticipate that the admission to trading of the 200,000,000 Placing Shares and Subscription Shares and the 26,458,958 Settlement Shares, will occur at 8.00am on Monday 18^th February 2019 ("Admission").

Accordingly, on Admission, the enlarged issued share capital of the Company will be 363,038,101 Ordinary Shares of 0.1 pence each.  The above figure of 363,038,101 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in ABM under the FCA's Disclosure and Transparency Rules.

As a result of the issue of the 3,056,020 Settlement Shares to Roger Murphy, Iain Macpherson and Matthew Wood in respect of deferred salaries, the issue of 10,000,000 subscription shares to Andrew Bell, and the issue of 10,000,000 Subscription Shares and 5,000,000 Fee Settlement Shares to Paul Johnson on Admission their resulting shareholdings will be as follows:

Director	Current holding of Existing Ordinary Shares	Shares to be issued on Admission	Total number of New Ordinary Shares on Admission	% of Enlarged Share Capital held on Admission
Roger Murphy	1,716,092	1,644,670	3,360,762	0.93%
Matthew Wood	1,250,970	642,120	1,893,090	0.52%
Iain Macpherson	1,287,434	769,230	2,056,664	0.57%
Paul Johnson*	Nil	15,000,000	15,000,000	4.13%
Andrew Bell	Nil	10,000,000	10,000,000	2.75%

* Held by Value Generation Limited, a Company which is beneficially owned by Paul Johnson

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    Matthew Wood 2.    Iain Macpherson 3.    Roger Murphy
2	Reason for the notification
a)	Position/status	1.    Finance Director 2.    Non-Executive Director 3.    Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	African Battery Metals Plc
b)	LEI	213800VNXOUPHTX53686
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	ordinary shares of 0.1p each
	Identification code	ISIN: GB00BYWJZ743
b)	Nature of the transaction	1. Issue of shares in respect of deferred salary  2. Issue of shares in respect of deferred salary  3. Issue of shares in respect of deferred salary
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
		1	0.5pence	642,120
		2	0.5 pence	769,230
		3	0.5 pence	1,644,670
d)	Aggregated information	Single transaction as in 4 c) above
		Price(s) Volume(s) 1 0.5 pence 642,120 2 0.5 pence 769,230 3 0.5 pence 1,644,670
	- Aggregated volume
	- Price
e)	Date of the transaction	15 February 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Paul Johnson
2.	Reason for the notification
a)	Position/status:	Executive Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	African Battery Metals Plc
b)	LEI:	213800VNXOUPHTX53686
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary Shares of 0.1 pence each ISIN: GB00BYWJZ743
b)	Nature of the transaction:	1.    Placing shares 2.    Share Options 3.    Placing Warrants  4.    Fee Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 1.    0.5 pence 10,000,000 2.    1 pence 13,613,929 3.    1 pence 10,000,000 4.    0.5 pence 5,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.    0.5 pence 10,000,000 2.    1 pence 13,613,929 3.    1 pence 10,000,000 4.    0.5 pence 5,000,000
e)	Date of the transaction:	15 February 2019
f)	Place of the transaction:	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Andrew Bell
2.	Reason for the notification
a)	Position/status:	Executive Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	African Battery Metals Plc
b)	LEI:	213800VNXOUPHTX53686
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary Shares of 0.1 pence each ISIN: GB00BYWJZ743
b)	Nature of the transaction:	1.    Placing shares 2.    Share Options 3.    Placing Warrants
c)	Price(s) and volume(s):	Price(s) Volume(s) 1.    0.5 pence 10,000,000 2.    1 pence 13,613,929 3.    1 pence 10,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.    0.5 pence 10,000,000 2.    1 pence 13,613,929 3.    1 pence 10,000,000
e)	Date of the transaction:	15 February 2019
f)	Place of the transaction:	Outside a trading venue

Capitalised terms used in this announcement shall have the same meaning as set out in the Circular issued by the Company dated 29 January 2019.

**Ends**

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Further enquiries

African Battery Metals plc
Paul Johnson (Executive Director)	[phone]
SP Angel Corporate Finance (Nomad and Broker)
Ewan Leggat	[phone]
SI Capital Limited
Nick Emerson	[phone]

Notes to Editors

About African Battery Metals Plc

African Battery Metals ("ABM") is an AIM-listed, African focused exploration company developing projects in strategic metals, including metals used in the manufacturing of batteries.

Wherever ABM explores and operates it always does so using the highest degree of integrity and ethical standards.

 

END

 

 

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