Business
Issue of Equity and TVR
Issue of Equity and TVR.
About this update from African Pioneer Plc
[{"type":"text","content":"\n\n\n \n19 May 2025\nAfrican Pioneer Plc\n(\"African Pioneer\" or \"the Company\")\n Issue of Equity & TVR\n \nAfrican Pioneer plc (\"AFP\" or the \"Company\") the exploration and resource development company with advanced projects in Namibia, Botswana, and Zambia, announces that it is issuing 6,222,456 new Ordinary Shares of no par value (\"Ordinary Shares\") (the \"Consultancy Fee Shares\") to settle a total of £44,920 of consultancy fees. 5,970,149 of the Ordinary Shares are being issues at 0.67 pence being the 10 day VWAP share price on 14 May 2025 to settle £40,000 of fees and 252,307 of the Ordinary Shares are being issued at 1.95 pence being the VWAP share price for the 6 months ended 31 December 2024 to settle £4,920 of fees.\n \nApplication to trading: Applications will be made to the Financial Conduct Authority (\"FCA\") and the London Stock Exchange for the 6,222,456 Consultancy Fee Shares to be admitted to the FCA's Official List (Equity Shares (transition)) and to trading on the main market of the London Stock Exchange (\"Admission\"). It is expected that Admission will become effective and that dealings in the Consultancy Fee Shares will commence at 8.00 a.m. on or around 23 May 2025.\n \nIssued Share Capital: Following the issue of the 6,222,456 Consultancy Fee Shares, the Company's total issued share capital will consist of 278,420,596 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. \n \nTotal Voting Rights On Admission, the above mentioned figure of 278,420,596 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 to their interest in, African Pioneer under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n \nFor further information, please contact:\n \n \n\n\n\n\nAfrican Pioneer Plc\nColin Bird, Chairman\n\n\nTel +44 (0) 20 7581 4477\n\n\n\n\nBeaumont Cornish Limited (Financial Adviser)\nRoland Cornish/Asia Szusciak\n\n\nTel +44 (0) 20 7628 3396\n\n\n\n\nNovum Securities Limited (Broker)\nJon Belliss\n\n\nTel +44 (0) 20 7399 9400\n\n\n\n\n \no...