Exercise of Options

RNS Number : 7988C

URU Metals Limited

20 April 2017

 

URU Metals Limited

("URU Metals" or "the Company")

Exercise of Options

Notification of Major Interest in Shares

Further to the announcement of 19 April 2107, URU Metals (AIM:URU), the base metals and uranium explorer and development company, announces that the board of the Company has issued and allotted 3,000,000 new Ordinary Shares to John Zorbas, the Company's Chief Executive Officer, following the exercise of options granted to him in May 2014 and exercisable at a price of 2p per share ("the Option Shares") .

Following the issue of the Option Shares, John Zorbas is interested in 31,644,444 Ordinary Shares, representing 4.08 per cent. of the Company's enlarged issued share capital.

Application will be made for the Option Shares, which rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will be effective on or around 26 April 2017.

Total voting rights

Following the issue of the Option Shares, the Company's share capital consists of 775,571,488 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 775,571,488. This figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

END

For further information, please contact:

URU Metals Limited John Zorbas (Chief Executive Officer)	[phone]
Northland Capital Partners Limited (Nominated Adviser and Joint Broker) Edward Hutton / Matthew Johnson	+ 44 (0) 203 861 6625
Beaufort Securities Limited (Joint Broker) Jonathan Belliss	+ 44 (0) 207 382 8300
SVS Securities Plc (Joint Broker) Tom Curran	[phone]

 

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