Further re Divestment

RNS Number : 3815D

Erris Resources PLC

27 October 2020

 

Erris Resources plc / EPIC: ERIS.L / Market: AIM / Sector: Mining

27 October 2020

Erris Resources plc

("Erris Resources" or the "Company")

 Further re Divestment

Erris Resources provides an update on its divestment of its shareholding in Erris Gold Resources Ltd, details of which were announced on 8 October 2020 and 26 October 2020. Whilst the Record Date for the Divestment is due to occur at 6.00pm today, the Company's shares will continue to trade with an entitlement to the Divestment until the Ex-Dividend Date of 29 October 2020.

Accordingly, unless the counterparties specifically agree otherwise, a buyer of the Company's Ordinary Shares ahead of the Ex-Dividend Date will assume the benefit to the Divestment by distribution in specie, and the seller would need to pass the benefit to the buyer, even if the seller is the recorded owner at the Record Date.

New Ordinary Shares to be issued in connection with the Placing will have no entitlement to the Divestment.  

The same definitions apply throughout this announcement, unless the context requires otherwise, as applied in the Admission Document, published on 8 October 2020, and which is available on the Company's website,  www.errisresources.com.

 For further information visit  www.errisresources.com   or contact:

Anton du Plessis	Erris Resources plc	[phone]
David Hart/Liz Kirchner	Allenby Capital (Nominated Adviser)	[phone]
Zoe Alexander/Andy Thacker	Turner Pope Investments (TPI) Ltd (Broker)	[phone]
Isabel de Salis/Beth Melluish	St Brides Partners (Financial PR)	[phone]

 

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