TIDMEDR
RNS Number : 2099M
Egdon Resources PLC
12 September 2023
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE
THIS ANNOUNCEMENT.
RECOMMED ACQUISITION OF
EGDON RESOURCES PLC ("Company")
by
PETRICHOR PARTNERS, LP ("Petrichor")
Rule 2.9 Announcement - Relevant Securities in Issue Update
The Company announces that, following the Court sanctioning the
Scheme relating to the recommended cash offer by Petrichor today,
an application has been made for admission to trading on AIM
("Admission") of 21,134,000 new ordinary shares of GBP0.01 each in
the Company ("New Ordinary Shares"). Admission is expected to occur
on 13 September. The New Ordinary Shares will be issued pursuant to
the exercise of Options and Warrants in accordance with proposals
made to the holders of those Options and Warrants pursuant to Rule
15 of the Code, as described in the scheme document published in
relation to the Acquisition (the "Scheme Document"). It is expected
that the New Ordinary Shares will be admitted to trading at 8am
tomorrow, 13 September 2023.
Notifications by the PDMRs of the Company in accordance with the
UK Market Abuse Regulation are set out in the Appendix to this
announcement.
In accordance with Rule 2.9 of the City Code on Takeovers and
Mergers, the Company announces that, following Admission, it will
have 565,367,031 ordinary shares in issue.
Shareholders in the Company may use this figure as the
denominator for the calculation, by which they would determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
There are still 26,524,000 outstanding Warrants for the issue of
ordinary shares. These are held by Petrichor and will not be
exercised ahead of the Scheme Effective Date.
The intended Effective Date of the Scheme remains 14 September
2023.
The International Securities Identification Number (ISIN) of
Egdon's ordinary shares is GB00B28YML29.
Capitalised terms used in this announcement, unless otherwise
defined, have the same meanings as set out in the Scheme Document,
a copy of which is available, subject to certain restrictions
relating to persons in Restricted Jurisdictions, on the Company's
website.
For further information, please contact:
Egdon Resources Plc Tel +44 1256 702292
Mark Abbott
VSA Capital Limited Tel +44 203 005
Financial Adviser, Joint Broker and Rule 3 5000
Adviser to Egdon
Andrew Raca and Matthew Harker (Corporate
Finance)
--------------------
WH Ireland Limited Tel +44 207 220
Nominated Adviser and Joint Broker to Egdon 1666
Antonio Bossi and James Bavister
--------------------
Appendix
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name Mark Abbott
--- --------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- --------------------------------------------------------- ------------------------------------------------------
b) Initial notification /Amendment Initial Notification
--- --------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Egdon Resources Plc
--- --------------------------------------------------------- ------------------------------------------------------
b) LEI 213800WWGH4S9GYSPL77
--- --------------------------------------------------------- ------------------------------------------------------
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 instrument, type of Ordinary Shares
instrument
Identification code GB00B28YML29
--- --------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Exercise of Options and Warrants
--- --------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Date Security Exercise Volume(s)
Price(s)
13 September
2023 Option GBP0.0225 4,444,444
---------- ----------- ----------
13 September
2023 Warrant GBP0.0250 800,000
---------- ----------- ----------
--- --------------------------------------------------------- ------------------------------------------------------
d) Aggregated information:
Aggregated volume 5,244,444 Ordinary Shares
Aggregated total GBP119,999.99
Aggregated price GBP0.0229
--- --------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 13 September 2023
--- --------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
--- --------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name Martin Durham
--- --------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Technical Director
--- --------------------------------------------------------- ------------------------------------------------------
b) Initial notification /Amendment Initial Notification
--- --------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Egdon Resources Plc
--- --------------------------------------------------------- ------------------------------------------------------
b) LEI 213800WWGH4S9GYSPL77
--- --------------------------------------------------------- ------------------------------------------------------
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 instrument, type of Ordinary Shares
instrument
Identification code GB00B28YML29
--- --------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Exercise of Options and Warrants
--- --------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Date Security Exercise Volume(s)
Price(s)
13 September
2023 Option GBP0.0225 3,555,556
---------- ----------- ----------
13 September
2023 Warrant GBP0.0250 100,000
---------- ----------- ----------
--- --------------------------------------------------------- ------------------------------------------------------
d) Aggregated information:
Aggregated volume 3,655,556 Ordinary Shares
Aggregated total GBP82,500.01
Aggregated price GBP0.0226
--- --------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 13 September 2023
--- --------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
--- --------------------------------------------------------- ------------------------------------------------------
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
RTTEASNAFDLDEFA
(END) Dow Jones Newswires
September 12, 2023 11:37 ET (15:37 GMT)
Egdon Resources (LSE:EDR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Egdon Resources (LSE:EDR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
