Business
Issue of Equity & Total Voting Rights
First Class Metals PLC has announced the conversion of £70,000 worth of convertible loan notes, resulting in the issuance of 4,303,349 new ordinary shares. This conversion, effective from a notice received on January 2, 2026, will increase the company's total issued share capital to 244,889,548 ordinary shares, each carrying one voting right. Admission of these new shares to the Official List and the Main Market of the London Stock Exchange is anticipated around January 9, 2026. Disclaimer*
About this update from First Class Metals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \nFIRST CLASS METALS PLC\nIssue of Equity & Total Voting Rights\n \nFirst Class Metals PLC (\"First Class Metals\", \"FCM\" or the \"Company\") the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, announces it has received a conversion notice in respect of a portion of the Notes* issued pursuant to the Convertible Loan Note instrument announced on 12 November 2025 as detailed below.\n \n\n\n\n\nNotes to be converted: * & **\n\n\n70,000\n\n\n\n\nValue of Notes to be converted:\n\n\n£70,000\n\n\n\n\nDate of conversion notice:\n\n\n02/01/2026\n\n\n\n\nNumber of Ordinary shares to be issued to satisfy the conversion\n\n\n4,303,349\n\n\n\n\n \n* Notes = 500,000 £1.00 interest-free convertible loan notes\n** Using the conversion formula set out in the 12 Nov 2025 announcement\n \nApplication will be made to the Financial Conduct Authority (\"FCA\") for admission of the 4,303,349 new ordinary shares to the Official List (Standard Segment), and to the London Stock Exchange for admission to trading on the Main Market for listed securities (together, \"Admission\"). Admission is expected to occur on or around 9 January 2026.\nFollowing Admission, the Company's issued share capital will consist of 244,889,548 ordinary shares of 0.1p each, each with one voting right. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 244,889,548. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. \nFor further information, please contact:\nJames Know...