Business
Issue of Shares
Issue of Shares.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n12 August 2024\nArc Minerals Ltd\n('Arc' or the 'Company')\nIssue of Shares\n \nArc Minerals announces that is has issued 2,094,000 new ordinary shares of no par value in the share capital of the Company (\"Ordinary Shares\") to creditors at a price per share of 1.7498 in lieu of cash for services rendered to the Company (\"Consideration Shares\").\n \nApplication will be made to the London Stock Exchange plc for the 2,094,000 Consideration Shares to be admitted to trading on AIM (\"Admission\") with Admission expected to occur on or around 16 August 2024. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the Consideration Shares the total number of voting rights in the Company will be 1,448,108,263.\n \n \nFor further information contact:\n\n\n\n\nArc Minerals Ltd \nNick von Schirnding (Executive Chairman) \n \n\n\n \nc/o Benchmark Communications\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland (Nominated Adviser & Joint Broker)\nKaty Mitchell/Harry Ansell\n \n\n\nTel: +44 (0) 20 7220 1666\n\n\n\n\n\n\n\n\n\n\n\n\nShard Capital Partners LLP (Joint Broker)\nDamon Heath\n \n\n\nTel: +44 (0) 20 7186 9952\n\n\n\n\n\n\n\n\n\n\n\n\nBenchmark Communications (Investor Relations)\nRichard Kauffer\n \n\n\nTel: +44 (0) 7841 67 3210\n\n\n\n\n \nFor more information, visit www.arcminerals.com.\n \n \n\n","length":5289,"tagName":"div"}]