Business
Potential strategic investment in the Company
Potential strategic investment in the Company.
About this update from Georgina Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6356H\n Mining Minerals & Metals PLC\n 04 December 2020\n \n \n \n \n THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL\n \n \n \n \n \n 4 December 2020\n \n \n Mining, Mineral & Metals plc\n(\"MMM\" or the \"Company\")\n \n \n Potential strategic investment in the Company \n \n \n Mining, Minerals and Metals plc (TIDM: MMM), the cash shell company seeking an acquisition in the mining or oil and gas sectors, notes the recent \n movement in the Company's share price and confirms that it is in discussions with a potential strategic investor (the \"Investor\") that may subscribe for shares in the Company that may result in a shareholding by the Investor of over 30% in the voting rights of the Company. There is no guarantee that an agreement will be reached on such an investment, or what a resultant percentage holding might be subscribed for, or at what price any investment might be made. \n \n \n If discussions were to progress to an agreement, and the Investor were to conditionally subscribe for shares amounting to more than 30% of the Company's voting rights, the Company would seek a waiver from the Panel on Takeovers and Mergers (the \"Panel\") under Rule 9 of the City Code on Takeovers and Mergers (the \"Code\"), conditional on the approval by Independent Shareholders in General Meeting, of the obligation of the Investor to make a Rule 9 offer under the Takeover Code as a consequence of the allotment and issue to it of any Shares. In addition, the Company would also seek approval by the FCA to the publication of a prospectus in respect of any subscription by the Investor.\n \n \n For further information, please contact:\n \n \n \n \n \n \n \n Mining, Minerals & Metals plc\n \n \n Matthew Bonner, Non-Executive Chairman\n \n \n Roy Pitchford, Non-Executive Director\n \n \n \n \n \n \n \n \n \n ...