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Arc Minerals Limited (ARCM)

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Friday 07 May, 2021

Arc Minerals Limited

Option Exercise

RNS Number : 9857X
Arc Minerals Limited
07 May 2021
 

7 May 2021

Arc Minerals Ltd 

('Arc' or the 'Company')

Option Exercise

The Company announces that it has received notice from a former director of the Company to exercise options over a total of 500,000 new Ordinary Shares of no par value in the share capital of the Company (the "Option Shares") at a price of 5 pence per share. These options were due to expire on 12 May 2021. Accordingly, the Company has today issued the New Ordinary Shares for an aggregate cash consideration of £25,000.

 

Total Voting Rights

Application will be made to the London Stock Exchange plc for 500,000 Option Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 13 May 2021. The Option Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 500,000 Option Shares the total number of voting rights in the Company will be 1,104,141,762.

For more information visit www.arcminerals.com .

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20  7917 2942

 

SP Angel (Nominated Adviser & Joint Broker)

Ewan Leggat / Adam Cowl

 

+44 (0) 20 3470 0470

 

WH Ireland Limited (Joint Broker)

Harry Ansell / Katy Mitchell

 

+44 (0) 20 7220 1666

 

 

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