Business
Prospectus Publication, Issue of Shares, GM Notice
Prospectus Publication, Issue of Shares, GM Notice.
About this update from Altona Rare Earths Plc
[{"type":"text","content":"\n\n19 July 2024\n \n \nALTONA RARE EARTHS PLC\n \n(\"Altona\" or \"the Company\")\n \nPUBLICATION OF PROSPECTUS, ISSUE OF SHARES, NOTICE OF GM\n \nAltona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, announces that further to the announcements of 28 June 2024 and 4 July 2024, it has today published a Prospectus. The Prospectus, which has been approved by the FCA, has been published on the Company's website at https://investors.altonare.com/documents and will also be available at the FCA's Document Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.\n \nFollowing the publication of the Prospectus, the Company has issued 76,248,759 new ordinary shares (\"Shares\"), as follows:\n \n· 39,400,000 Shares pursuant to the subscriptions totaling £394,000 announced on 28 June 2024 and 4 July 2024;\n· 26,300,000 Shares pursuant to the conversion of existing convertible loan notes of £263,000, issued on 1 February 2023;\n· 7,000,000 Shares pursuant to the conversion of £70,000 loan of a loan from Catalyse Capital Limited; and\n· 3,548,759 Shares issued to certain Directors in lieu of fees and to various other creditors.\n \nApplication will be made for the 76,248,759 Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange (\"Admission\"). It is expected that Admission will become effective on or around 25 July 2024. The Shares rank pari passu with the existing ordinary shares of the Company.\n \nFollowing the issue of the Shares, the Company's issued ordinary share capital shall consist of 163,015,866 ordinary shares. The figure of 163,015,866 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's (\"FCA\") Disclosure Guidance & Transparency Rules.\n \nThe Company further announces that a General Meeting (\"GM\") will be held on 20 August 2024 at 11 am. The Notice of GM and Form of Proxy will shortly be posted to shareholders and copies of...