TIDMWRES

RNS Number : 8907M

W Resources PLC

26 January 2021

26 January 2021

W Resources Plc

("W" or the "Company")

Issue of Shares

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has issued 247,290,458 ordinary shares of 0.1p per share ("Ordinary Shares") at a deemed price of 0. 1113p per Ordinary Share.

The first tranche of GBP44,603.03, forms part of Director, Pablo Neira's 2020 remuneration package, (see table below) and the second tranche of GBP230,631.25 is issued to technical and professional creditors.

 
                No. of Shares Issued   No. of Shares Held After   % Holding 
                                                        Placing 
-------------  ---------------------  -------------------------  ---------- 
 Pablo Neira              40,074,602                 40,074,602        0.53 
-------------  ---------------------  -------------------------  ---------- 
 

Application will be made for the new Ordinary Shares to be admitted to trading on AIM with admission expected to occur on or around 1 February 2021 .

Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 7,613,036,507 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 7,613,036,507 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

 
 W Resources Plc                  Grant Thornton UK LLP 
  Paul Hailes                      Colin Aaronson / Seamus Fricker 
  investors@wresources.com         T: +44 (0) 20 7383 5100 
  www.wresources.com 
 Joint Broker                     Joint Broker 
  Turner Pope Investments (TPI)    Alternative Resource Capital / 
  Ltd                              Shard Capital 
  Andy Thacker / Zoe Alexander     Alex Wood 
  T: +44 (0) 203 657 0050          T:+44 (0) 20 7186 9004 
  www.turnerpope.com               www.altrescap.com 
                                   Damon Heath 
                                   T:+44 (0) 20 7186 9952 
                                   www.shardcapital.com 
 Alma PR 
  Justine James 
  T: +44 (0) 20 3405 0205 
  M: +44 (0) 7525 324431 
  wres@almapr.co.uk 
 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    Pablo Neira 
      --------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                         Executive Director 
      --------------------------------------  -------------------------------------------- 
 b)    Initial notification /Amendment         Initial notification 
      --------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                    W Resources Plc 
      --------------------------------------  -------------------------------------------- 
 b)    LEI                                     213800H66EK87TAOS666 
      --------------------------------------  -------------------------------------------- 
 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            Ordinary shares of 0.1 pence each 
        instrument, type of instrument 
       Identification code                     GB00B0358H47 
 b)    Nature of the transaction               Issue of shares in lieu of Directors' 
                                                fees 
       Price(s) and volume(s)                   Price(s)                Volume(s) 
    0.1113 pence                                                        40,074,602 
 d)    Aggregated information 
  - Aggregated volume                     Aggregate volume: 40,074,602 
  - Price                                 Aggregate price: 0.1113 pence 
                                           Aggregate total: GBP44,603.03 
 e)    Date of the transaction                 25 January 2021 
 f)    Place of the transaction                Outside a trading venue 
      --------------------------------------  -------------------------------------------- 
 

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END

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January 26, 2021 03:01 ET (08:01 GMT)

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