Business
Correction - Exercise of Share Options
Correction - Exercise of Share Options.
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 8145K\n Rainbow Rare Earths Limited\n 06 January 2021\n \n \n \n \n Rainbow Rare Earths Limited \n \n \n (\"Rainbow\" or the \"Company\")\n \n \n (LSE: RBW)\n \n \n 6th January 2021\n \n \n \n \n \n Correction - Exercise of Share Options \n \n \n Correction to announcement released at 07.00 on 31 December 2020 under RNS reference 2033K. The Company's enlarged issued share capital is 467,681,551 Ordinary Shares (instead of the originally announced 467,547,541). The corrected announcement is set out below. No other information has been updated\n \n \n \n \n \n Rainbow Rare Earths Ltd announces that the Company has allotted a total of 3,000,000 new ordinary shares of no par value ('Ordinary Shares') at a price of 5.28p per share to the Australian Special Opportunity Fund, LP on receipt by the Company of a valid notification to exercise share options. Following this exercise the Australian Special Opportunity Fund, LP holds a further 13,718,987share options with an exercise price of 5.28p per share, which can be exercised until 24th January 2023.\n \n \n \n \n \n The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares and application has been made for the Ordinary Shares to be admitted to the Main Market of the London Stock Exchange. Dealings are expected to commence on 6 January 2021.\n \n \n \n \n \n The Company's enlarged issued share capital will be 467,681,551 Ordinary Shares. The Company has no treasury shares. This figure of 467,681,551 Ordinary Shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \n \n \n \n **ENDS**\n \n For further information, please contact\n \n \n \n \n \n Rainbow Rare Earths Ltd \n \n \n \n \n Company\n \n \n \n \n George Bennett \n \n \n Pete Gardner \n \n \n \n \n +27 82 652 8526 \n \n \n \n \n \n \n \n \n \n SP Angel Corporate Finance LLP\n \n \n \n \n Broker\n \n \n \n \n Ewan Leggat\n \n \n Charlie Bouverat\n \n \n \n \n +44 (0) 20 3470 0470\n \n \n \n \n \n \n Flagstaff Strategic and Investor Communications\n \n \n \n \n \n \n \n \n \n...