ARMADALE CAPITAL PLC: Exercise of Warrants and Issue of Equity
29 Mayo 2020 - 8:00AM
UK Regulatory
TIDMACP
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector:
Investment Company
Armadale Capital Plc
('Armadale' or 'the Company')
Exercise of Warrants and Issue of Equity
Armadale Capital plc (LON: ACP), the AIM quoted investment group
focused on natural resource projects in Africa, announces that it
has received five warrant exercise notices over an aggregate amount
of 2,656,184 ordinary shares at a price of 2.2p per share in the
capital of the Company ('Ordinary Shares') providing the Company
with proceeds of GBP58,436.04.
Application will be made to the London Stock Exchange to admit
the 2,656,184 new Ordinary Shares to trading on AIM. Admission of
the new Ordinary Shares is expected to occur on 4 June 2020
('Admission'). The new Ordinary Shares will rank pari passu with
the existing Ordinary Shares.
The Company had previously announced on 26 May 2020 an updated
total issued share capital of 442,597,529 Ordinary Shares, but now
corrects this figure to 442,597,526 Ordinary Shares. Therefore,
following Admission of the new Ordinary Shares, the issued share
capital of the Company will be 445,253,710 Ordinary Shares and this
figure may be used by shareholders as a denominator for the
calculations by which they will determine if they are required to
notify their interest in, or change to their interest, the Company,
under the Disclosure Guidance and Transparency Rules published by
the UK Financial Conduct Authority. There are no Ordinary Shares
held in Treasury and each Ordinary Share entitles the holder to a
single vote at general meetings of the Company. Therefore, the
total number of voting rights in the Company following Admission
will be 445,253,710.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
**ENDS**
Enquiries:
Armadale Capital Plc
Nick Johansen, Non-Executive Director
Tim Jones, Company Secretary +44 (0) 20 7236 1177
Nomad and broker: finnCap Ltd
Christopher Raggett / Teddy Whiley +44 (0) 20 7220 0500
Joint Broker: SI Capital Ltd
Nick Emerson +44 (0) 1483 413500
Press Relations: St Brides Partners Ltd
Charlotte Page / Beth Melluish +44 (0) 20 7236 1177
Notes
Armadale Capital Plc is focused on investing in and developing a
portfolio of investments, targeting the natural resources and/or
infrastructure sectors in Africa. The Company, led by a team with
operational experience and a strong track record in Africa, has a
strategy of identifying high growth businesses where it can take an
active role in their advancement.
The Company owns the Mahenge Liandu graphite project in
south-east Tanzania, which is now its main focus. The Project is
located in a highly prospective region with a high-grade JORC
compliant Indicated and inferred mineral resource estimate of
59.48Mt @ 9.8% TGC, making it one of the largest high-grade
resources in Tanzania, and work to date has demonstrated Mahenge
Liandu's potential as a commercially viable deposit with
significant tonnage, high-grade coarse flake and near surface
mineralisation (implying a low strip ratio) contained within one
contiguous ore body.
Other assets Armadale has an interest in, include the Mpokoto
Gold project in the Democratic Republic of Congo and a portfolio of
quoted investments.
More information can be found on the website
www.armadalecapitalplc.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200529005342/en/
CONTACT:
Armadale Capital Plc
SOURCE: Armadale Capital Plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
May 29, 2020 09:00 ET (13:00 GMT)
Armadale Capital (LSE:ACP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Armadale Capital (LSE:ACP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024