Business
Result of WRAP Retail Offer
Result of WRAP Retail Offer.
About this update from Metals One Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n28 March 2025\n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nResult of WRAP Retail Offer,\nIssue of Equity & Total Voting Rights\n \nMetals One (AIM: MET1), which is advancing strategic minerals projects in Finland and Norway, is pleased to announce the result of the WRAP Retail Offer as announced on 25 March 2025.\n \nThe Wrap Retail Offer has raised gross proceeds of £100,000 in addition to the £4.4 million gross proceeds from the Equity Fundraising announced on 31 January 2025. Accordingly, the Company will issue a total of 5,000,000 New Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.\n \nAdmission and Total Voting Rights\nApplications have been made for the WRAP Retail Offer Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to become effective on or around 1 April 2025.\n \nUpon Admission, the Company's issued ordinary share capital will consist of 41,146,750 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 41,146,750. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the 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.\n \nThe new Ordinary Shares to be issued pursuant to the WRA...