WRES W Resources Plc

TIDMWRES

RNS Number : 1207U

W Resources PLC

31 March 2021

31 March 2021

W Resources Plc

("W" or the "Company")

Result of General Meeting

&

Total Voting Rights

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that all resolutions regarding the Proposed Capital Reorganisation were passed at its General Meeting held earlier today.

As a result, the Existing Ordinary Shares will be cancelled and replaced by 78,099,358 new ordinary shares of 0.1p each ("New Ordinary Shares") along with the Deferred Shares.

The ISIN Code for the New Ordinary Shares will be GB00BKQN5R41.

The New Ordinary Shares arising upon implementation of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares including voting, dividend and other rights.

Shareholders who hold Existing Ordinary Shares in uncertificated form will have such shares disabled in their CREST accounts on the Record Date, being close of business today, 31 March 2021 and their CREST accounts will be credited with the New Ordinary Shares following Admission, on 1 April 2021, as detailed below.

Admission of the New Ordinary Shares

Application has been made for the admission trading on AIM of the 78,099,358 New Ordinary Shares ("Admission"), Dealings in the New Ordinary Shares will commence on 1 April 2021.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 78,099,358 New Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 78,099,358 New 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.

Effects on Options and Other Instruments

The entitlements to Ordinary Shares of holders of securities or instruments convertible into Ordinary Shares (such as share options and warrants) will be adjusted to reflect the Capital Reorganisation. The Company will notify these holders of the Capital Reorganisation in due course.

All warrants and options remain subject to the relevant vesting conditions.

Capitalised terms within this announcement have the same meaning as in the Company's circular and announcement of 8 March 2021 unless the context requires otherwise.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. 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, CFO                 Colin Aaronson / Seamus Fricker 
  investor@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 
 

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END

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March 31, 2021 05:22 ET (09:22 GMT)

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