Business
Admission to Trading and First Day of Dealings
Admission to Trading and First Day of Dealings.
About this update from Ajax Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5549H\n Ajax Resources PLC\n 07 April 2022\n \n \n \n \n April 7, 2022\n \n \n \n AJAX RESOURCES PLC\n \n \n (\"Ajax\" or the \"Company\")\n \n \n \n Ad\n \n \n m\n \n \n i\n \n \n ssion to Trading and First Day of Dealings\n \n \n \n \n \n \n Ajax Resources\n \n P\n lc\n \n (\"Ajax\" or the \"Company\"), a special purpose acquisition company established to deliver shareholder value through the acquisition of businesses or production and development assets in the energy and natural resources sector, is pleased to announce that, following an initial public offering (\"IPO\"), it has raised gross proceeds of £1,342,000 through the issue of 33,550,000 new ordinary shares (the \"IPO Shares\") at a price of £0.04 per IPO Share, of which the Board of Directors (the \"Board\") has invested an aggregate amount of £130,000.\n \n \n \n \n \n Application has been made for the entire issued share capital of 46,862,500 ordinary shares, by way of a Standard Listing, to be admitted to trading on the Main Market for listed securities of the London Stock Exchange. \n \n \n \n \n \n D\n ealings in the Ordinary Shares are expected to commence at 8:00 AM on April 7, 2022, under the ticker \"AJAX\" (ISIN: GB00BLNBD412).\n \n \n \n \n \n Investment Highlights \n \n \n \n \n \n The Company's initial focus will be to acquire an exploration or production company or business or asset(s) with operations in new energy or natural resources. The Company will seek a target to purchase where the Company can play an active role in the optimisation of strategy and execution and enhance existing management capabilities through the Directors' proven management skills and depth of experience.\n \n \n \n \n \n N\n o remuneration shall be payable to the Board or management until completion of the Company's first acquisition. Following&nb...