Cadence Minerals PLC Result of Open Offer (3294C)
21 Febrero 2022 - 9:42AM
UK Regulatory
TIDMKDNC
RNS Number : 3294C
Cadence Minerals PLC
21 February 2022
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR
ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE
OF ANY SECURITIES OF CADENCE MINERALS PLC IN ANY JURISDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or the "Company")
Result of Open Offer
Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to
announce the result of its Open Offer and issuance of new Ordinary
Shares pursuant to the "Open Offer and Posting of Circular"
announcement on 4 February 2022.
Result of Open Offer
The Company is pleased to announce that the Open Offer with
valid acceptances received in respect of 3,634,825 Open Offer
Shares, representing a take-up of over 48.9 per cent of the
7,432,454 available Open Offer Shares.
All Qualifying Shareholders who have validly applied for Open
Offer Shares will receive their full Basic Entitlement.
Accordingly, the Open Offer has raised total gross proceeds of
approximately GBP745,000.
The Company will apply for admission of the Open Offer Shares to
trading on AIM. Admission will occur at 8.00a.m. on Friday 25
February 2022. On Admission, the Company will have 172,283,908
Ordinary Shares in issue and there are no shares held in treasury.
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Revised expected timetable of principal events
2022
Results of Open Offer announced through an 21 February
RIS
Admission and commencement of dealings in 25 February
the Open Offer Shares
Open Offer Shares credited to CREST stock 25 February
accounts
Despatch of definitive share certificates within 14 days of
for Open Offer Shares held in certificated Admission
form
Capitalised terms used in this announcement have the meanings
given to them in the Circular and the announcement of the 'Proposed
Placing' on 2 February 2022 unless the context provides
otherwise.
Enquiries:
Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce / Darshan Patel
Harry Ansell / Daniel Bristowe
Novum Securities Limited (Joint Broker) +44 (0) 207 399 9400
Jon Belliss
This announcement includes inside information as defined in
Article 7 of the UK version of Market Abuse Regulation No. 596/2014
as it forms part of UK law as retained EU law as defined in, and by
virtue of, the European Union (Withdrawal) Act 2018, as amended,
and is disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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END
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February 21, 2022 10:42 ET (15:42 GMT)
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