TIDMWRES

RNS Number : 8465U

W Resources PLC

08 April 2021

8 April 2021

W Resources Plc

("W" or the "Company")

Atlas Conversion Notice and

Total Voting Rights

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining and exploration company with assets in Spain and Portugal, has received a Conversion Notice from Atlas Capital Markets ("Atlas") for GBP250,000 of Convertible Bonds, the first tranche of the second GBP500k tranche drawn from the GBP4m facility.

W will issue 2,724,469 ordinary shares of 0.1p per share ("Ordinary Shares") at a conversion price of 9.1761p per Ordinary Share.

Settlement and Dealings

Application will be made for the admission trading on AIM of the 2,724,469 Ordinary Shares ("Admission"), which is expected on or around 14 April 2021.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 80,823,827 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 80,823,827 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.

Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TVRIPMMTMTTMBAB

(END) Dow Jones Newswires

April 08, 2021 06:26 ET (10:26 GMT)

W Resources (LSE:WRES)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas W Resources.
W Resources (LSE:WRES)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas W Resources.