Application for Quotation of Additional Securities

RNS Number : 4160F

PYX Resources Limited

21 March 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.  THE COMMUNICATION OF THIS ANNOUNCEMENT IS NOT BEING MADE, AND HAS NOT BEEN APPROVED, BY AN AUTHORISED PERSON FOR THE PURPOSES OF SECTION 21 OF THE UK FINANCIAL SERVICES AND MARKETS ACT 2000.

PYX Resources Limited / EPIC: PYX / Market: Standard / Sector: Mining

21 March 2022

PYX Resources Limited

Exercise of Performance Rights, Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs"), Placement and Total Voting Rights

PYX Resources Ltd (PYX or the Company) (NSX: PYX | LSE: PYX), the second largest publicly listed zircon producing mining company globally by zircon resources, advises that an Application for Quotation of Additional Securities has been issued on the NSX.

The Company has issued and allotted 1,996,368 ordinary shares of no par value pursuant to the exercise of performance rights granted under the PYX Resources Limited Stock Incentive Plan.

In addition, the Company has issued and allotted 3,000,000 ordinary shares of no par value and 2,083,431 unlisted options pursuant to the placement announced on 11 March 2022.

A full PDF version of the Application for Quotation of Additional Securities is available from the NSX website ( https://pyxresources.com/investors-nsx-announcements/ )

Application will be made for the new Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange, and admission is expected to occur at 8:00 a.m. on or around 24 March 2022. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the Company's issued share capital will consist of 436,699,484 Ordinary Shares, no Ordinary Shares are held in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 436,699,484.

The above figure of 436,699,484 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, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

** ENDS ***

This announcement is authorised for release by Oliver B. Hasler, Chairman and Chief Executive Officer.

For more information:

PYX Resources Limited Oliver B. Hasler, Chairman and Chief Executive Officer	T: [phone] E: [e-mail]
VSA Capital Limited (Financial Adviser and Broker) Andrew Raca (Corporate Finance) Andrew Monk / David Scriven (Corporate Broking)	T: [phone]
St Brides Partners Ltd (Financial PR) Ana Ribeiro/ Isabel de Salis / Oonagh Reidy / Isabelle Morris	E: [e-mail]

Notification and public disclosure of transactions by person discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Oliver Hasler
2	Reason for the notification
a)	Position/status	Chairman & 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	PYX Resources Limited
b)	LEI	529900A5IPGY4VFL4E45
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 no par value each  ISIN: AU0000078487
b)	Nature of the transaction	Exercise of performance rights granted under the PYX Resources Limited Stock Incentive Plan
c)	Price(s) and volume(s)	Price Volume Nil cost 2,675,943  performance rights exercised
d)	Aggregated information: Aggregated volume Aggregated price	1,996,368 ordinary shares Nil cost per share
e)	Date of the transaction	21 March 2022
f)	Place of the transaction	Outside of a trading venue

Prior to this announcement's release, the statement contained inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR) (Market Abuse Regulation).

About PYX Resources

PYX Resources Limited (NSX: PYX | LSE: PYX) is a producer of premium zircon dual listed on the National Stock Exchange of Australia and on the Main Market of the London Stock Exchange. PYX's key deposits, Mandiri and Tisma, are large-scale, near-surface open pit deposits both located in the alluvium-rich region of Central Kalimantan, Indonesia. PYX, whose Mandiri deposit has been in production since 2015, is the 2nd largest publicly traded producing mineral sands company by zircon resources globally. Determined to mine responsibly and invest in the wider communities where we operate, PYX Resources is committed to fully develop its Mandiri and Tisma deposits, with the vision to consolidate the mineral sands resources in Kalimantan and explore and acquire mineral sands assets in Asia and beyond.

 

END

 

 

DSHPPURUWUPPUMG