Business
Placing, exercise of warrants, Director's Dealing
Atlas Metals Group PLC has raised gross proceeds of £500,000 through a placing of 4,545,454 new ordinary shares at 11 pence per share, with the CEO, Chris Chadwick, subscribing for these shares. Additionally, Mr. Chadwick subscribed for 931,704 warrant shares and 3,850,000 fee shares, raising a further £93,170. The total of 9,327,158 new ordinary shares, representing approximately 38.7% of the enlarged share capital, are expected to be admitted to trading on the London Stock Exchange on 18 December 2025. The company also announced the appointment of CMC Markets UK Plc as its joint corporate broker. Disclaimer*
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (\"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (\"UK\") PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. MARKET SOUNDINGS WERE TAKEN FROM CERTAIN PERSONS IN RELATION TO THE PLACING. THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\nAtlas Metals Group plc\n(\"Atlas Metals\" or the \"Company\")\nPlacing, exercise of warrants, issue of fee shares and Director's Dealing\nAtlas Metals (LSE: AMG), the natural resources and energy company, is pleased to announce that it has raised gross proceeds of £500,000 (before expenses) via an allotment to Chris Chadwick, Chief Executive Officer of the Company of 4,545,454 new ordinary shares of nominal value £0.01 each (\"Ordinary Shares\") in the capital of the Company (\"Placing Shares\") at a price of 11 pence per Placing Share (\"Issue Price\") (the \"Placing\"). \nThe Placing Shares will represent approximately 18.9 per cent. of the enlarged Ordinary Share capital of the Company at Admission (as defined below) and the Issue Price represents a discount of approximately 38.9 per cent. to the closing mid-market price of 18.00 pence per existing Ordinary Share on 16 December 2025, being the latest practicable date prior to the publication of this Announcement.\nCMC Markets UK Plc (\"CMC\"), trading as CapX, acted as the Company's sole placing agent in respect of the Placing.\nAtlas Metals Group is also pleased to announce that CMC has been appointed as the Company's joint corporate broker.\nIn addition to the Placing Shares, Chris Chadwick has also subscribed for 931,704 new O...