Contango Holdings PLC Exercise of Warrants by Directors (7838M)
23 Septiembre 2021 - 05:39AM
UK Regulatory
TIDMCGO
RNS Number : 7838M
Contango Holdings PLC
23 September 2021
23 September 2021
Contango Holdings Plc
("Contango Holdings" or the "Company")
Exercise of Warrants by Directors
Contango Holdings PLC ("Contango", the "Company") is pleased to
advise it has received notices to exercise warrants, that were due
to expire on 1 November 2021, from former and current directors of
the Company. Proceeds of GBP382,767.70 have been received by the
Company, which has in turn issued 12,564,464 new ordinary shares
("New Ordinary Shares"). The Directors of the Company have
exercised their entire holding of warrants and no longer hold any
further warrants in the Company.
In recent weeks the Company has raised over GBP500,000 through
the exercise of warrants and these funds will now supplement the
GBP1m convertible loan issued in June 2021. The funds will be
deployed to advance the Lubu coking coal project and Garalo-Ntiela
gold project towards production.
Carl Esprey, CEO of Contango, commented:
'I am pleased to see the founders and my co-directors continue
to invest in the Company. I recently returned from Zimbabwe having
reviewed our operations and met with potential customers. The Lubu
project is making good progress and interest by strategic parties
in Lubu has significantly increased given the positive movements
and outlook for coking coal prices. I look forward to updating the
market in the near term.'
Holdings in the Company
Director Current Warrants Exercised Revised Holding % Enlarged
Share Capital
Oliver Stansfield 5,940,699 3,141,116 9,081,815 3.4%
----------- ------------------- ---------------- ---------------
Philip Richards* 30,040,699 3,141,116 33,181,815 12.9%
----------- ------------------- ---------------- ---------------
*Philip Richards' interest is held through RAB Capital, a
company that he controls.
Admission to Trading
An application has been made for the New Ordinary Shares to be
admitted to the official list and to trading on London Stock
Exchange with effect from 8.00 a.m. 28 September 2021
("Admission").
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, the Company confirms that following Admission,
the Company's enlarged issued ordinary share capital will comprise
257,841,605 Ordinary Shares. The Company does not hold any Ordinary
Shares in Treasury. Therefore, following Admission, the above
figure may be used by shareholders in the Company as the
denominator for the calculations to 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.
For further information, please visit
www.contango-holdings-plc.co.uk or contact:
Contango Holdings plc E: info@contango-holdings-plc.co.uk
Chief Executive Officer
Carl Esprey
Brandon Hill Capital Limited T: +44 (0)20 3463 5000
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd
Financial PR & Investor Relations
Susie Geliher/Selina Lovell
--------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Oliver Stansfield
2. Philip Richards
------------------------------------- ------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------
a. Position/status 1. Non-executive Director
2. Non-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 Contango Holdings PLC
------------------------------------- ------------------------------------------------
b. LEI 213800WAVVOPS85N2205
------------------------------------- ------------------------------------------------
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 GBP0.01
instrument, type of instrument each
Identification code GB00BF0F5X78
------------------------------------- ------------------------------------------------
b. Nature of the transaction Exercise of Warrants
------------------------------------- ------------------------------------------------
c. Price(s) and volume(s) Director Average Volume
Price/share (s)
1.O Stansfield 3.046p 3,141,116
------------- ----------
2.P Richards 3.046p 3,141,116
------------- ----------
------------------------------------- ------------------------------------------------
d. Aggregated information
* Aggregated volume N/A Single transaction
* Price
------------------------------------- ------------------------------------------------
e. Date of the transaction 22 September 2021
------------------------------------- ------------------------------------------------
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
DSHFLFVIAVIVFIL
(END) Dow Jones Newswires
September 23, 2021 06:39 ET (10:39 GMT)
Contango (LSE:CGO)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Contango (LSE:CGO)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024