Result of General Meeting, Issue of Equity, TVR

RNS Number : 4644T

Reabold Resources PLC

12 October 2017

 

For immediate release	12 October 2017

Reabold Resources plc ("Reabold" or the "Company")

Result of General Meeting

Issue of Equity

Total Voting Rights

Reabold, the AIM listed investment company operating in the natural resources sector, is pleased to announce that at the general meeting ("GM") held earlier today, all resolutions were passed.

Accordingly, authorities have been granted to the directors to allot new ordinary shares up to an aggregate nominal amount of £1,000,000 on a non pre-emptive basis.

On 2 October 2017, the Company announced a proposed subscription for a total of 352,000,000 new ordinary shares of 0.1 pence each (the "Ordinary Shares") in the capital of the Company (the "Subscription Shares") at a price of 0.5 pence per Subscription Share (the "Subscription Price") to raise, in aggregate, £1.76 million (before expenses) (the "Subscription") conditional on Shareholder approval being given at the GM. 

Further to Shareholder approval being given today, the Subscription Shares, will be issued, will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Application has been made for the Subscription Shares to be admitted to trading on the AIM market ("AIM") of London Stock Exchange plc (the "London Stock Exchange"), ("Admission"), and Admission is expected to take place on or around 13 October 2017.

Settlement for the Subscription Shares, and Admission is expected to take place on or before 8.00 a.m. on 13 October 2017. 

Total Voting Rights

Following completion of the Subscription, the number of shares in issue will be 1,540,415,896.  

Enquiries:

Reabold Resources plc	Sachin Oza Stephen Williams Anthony Samaha	C/o Camarco Tel:  [phone]
Beaumont Cornish Limited	Roland Cornish Felicity Geidt	Tel:  [phone]
Whitman Howard Limited	Nick Lovering Grant Barker	Tel: [phone]
Turner Pope Investments (TPI) Ltd - Joint Broker	Andy Thacker	Tel: [phone]
Camarco	Billy Clegg James Crothers Oliver Head	Tel:  [phone]

 

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