Share Subdivision

RNS Number : 9670G

Great Western Mining Corp. plc

11 August 2016

 

11 August 2016

Great Western Mining Corporation PLC

("Great Western Mining" or the "Company")

Share Subdivision

On 19 May 2016, the Company held its 2016 Annual General Meeting, at which a special resolution was proposed, and passed, to effect a capital reorganisation, whereby, inter alia, each of the Company's Existing Ordinary Shares of €0.01 would be sub-divided into one New Ordinary Share of €0.0001 nominal value, whilst retaining the Company's existing ISIN (IE00B1FR8863).

Application has now been made to the Irish Stock Exchange and to the London Stock Exchange for the admission to trading to ESM and AIM respectively, of 264,823,809 New Ordinary Shares of nominal value €0.0001 each in the capital of the Company, representing the number of Existing Ordinary Shares of the company currently in issue. Admission is expected to become effective and dealings to commence in the New Ordinary Shares on 16 August 2016.

Following the Subdivision, Shareholder's interests in the Share Capital of the Company will remain unchanged, and, except for the decrease in nominal value of each New Ordinary Share, the voting and dividend rights attaching to the New Ordinary Shares arising on the Subdivision will be identical in all respects to those attaching to the Existing Ordinary Shares prior to the Subdivision.

Defined terms used in this announcement have the same meaning as those terms defined and used in the Company's Notice of Annual General Meeting for the year ended 31 December 2015.

Ends

Great Western Mining Corporation Plc David Fraser, Chief Executive		[phone]
Davy (Nomad, ESM Adviser & Joint Broker) John Frain Roland French		[phone] [e-mail] [e-mail]
Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance		[phone]
Walbrook (UK PR and IR)          Paul Cornelius Nick Rome Gary Middleton		[phone] [e-mail]

 

END

 

 

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