Placing and Directors' Dealings

RNS Number : 2287H

Corcel PLC

05 April 2022

 

Corcel PLC

("Corcel" or the "Company")

Placing and Directors' Dealings

05 April 2022

Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces a placing of £35,000 to Company Directors. 

Placing and Directors' Dealings

The Company announces that three Company Directors have subscribed for £35,000 of equity (the "Placing") as previously announced on 16 March 2022 at a price of £0.01525, the closing price of 4 April 2022, resulting in the issuance of 2,295,080 new ordinary shares (the "Placing Shares").   

Following the Placing, the resultant Directors' shareholdings are as follows:

Directors	Ordinary Shares		Total Shares	% of Issued Share Capital	Warrants	Options
	Direct	Indirect
James Parsons	4,073,379	2,143,100	6,216,479	1.41%	2,381,250	9,587,764
Scott Kaintz	3,554,550	1,754,275	5,308,825	1.21%	2,185,417	9,711,964
Henry Bellingham	327,868	0	327,868	0.07%	0	2,805,942

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 2,295,080 shares to be admitted to trading on AIM, the admission of which it is expected on or around 11 April 2022.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares its issued ordinary share capital will comprise 439,981,746 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 439,981,746. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

Scott Kaintz  020 7747 9960  Corcel Plc CEO 

James Joyce / Andrew de Andrade   0207 220 1666    WH Ireland Ltd NOMAD & Broker

Simon Woods  0207 3900 230        Vigo Consulting IR 

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

1		Details of the person discharging managerial responsibilities / person closely associated
a)		Name		1.James Parsons 2. Scott Kaintz 3. Henry Bellingham
2		Reason for the notification
a)		Position/status		1.PDMR (Executive Chairman) 2. PDMR (Chief Executive Officer) 3. PDMR (Non-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		Corcel plc
b)	LEI		2138009ECXQQ3EGKVY57
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 £0.0001 each
	Identification code		GB00BKM69866
b)	Nature of the transaction		Purchase of ordinary shares
c)	Price(s) and volumes(s)		Price(s)		Volume(s)
			1.£0.01525 2. £0.01525 3. £0.01525		983,606 983,606 327,868
d)	Aggregated information		N/A
	Aggregated volume		N/A
	Price		£0.01525
e)	Date of the transaction		4 April 2022
f)	Place of the transaction		AIMX

 

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