Business
Purchase of own shares for cancellation
Purchase of own shares for cancellation.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5146A Sula Iron & Gold PLC 29 December 2017 \n\n 29 December 2017\nSula Iron & Gold plc\n(\"Sula\" or the \"Company\")\nPurchase of own shares for cancellation\nSula announces that, following the passing of all of the resolutions at the Company's general meeting of Shareholders held on 27 December 2017, the Company yesterday completed the purchase of 532,438,356 of its own ordinary shares of 0.001 pence each (\"Ordinary Shares\"), being the D-Beta Shares, at price of 0.005 pence each, being the Placing Price, for a total consideration of £266,219.18 from D-Beta (\"Buy-Back\"). The D-Beta Shares will be held in treasury by the Company, pending their cancellation in due course. A further announcement will be made once the Company has completed the cancellation of the D-Beta Shares. \nFollowing the Buy-Back, but prior to the cancellation of the D-Beta Shares, the total number of voting rights in the Company will be 6,450,536,315 Ordinary Shares (being the 6,982,974,671 existing Ordinary Shares in issue, less the D-Beta Shares, which do not carry voting rights whilst they are held in treasury) and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\nDefined terms in this announcement shall have the meaning set out in the announcement dated 8 December 2017 unless the context requires otherwise.\nEnquiries:\n\n\n\n\nSula Iron & Gold plc\n\n\n \n\n\n\n\nRoger Murphy (CEO)\n\n\n+44 (0) 20 7583 8304\n\n\n\n\nWH Ireland Limited (Nominated Adviser and Broker)\n\n\n \n\n\n\n\nTim Feather / James Sinclair-Ford\n\n\n+44 (0) 20 7220 1666\n\n\n\n\nSP Angel Corporate Finance (Broker)\n\n\n \n\n\n\n\nEwan Leggat\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nBlytheweigh (Public Relations)\n\n\n \n\n\n\n\nCamilla Horsfall/Nick Elwes\n\n\n+44 (0) 20 7138 3224\n\n\n\n\nMadini (Financial and Technical Adviser)\n\n\n \n\n\n\n\nIain Macpherson / Ilja Graulich\n\n\n+27 (0) 11 469 0629\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END POSEAEAPAFKXFAF\n ","length":3820,"tagName":"div"}]