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Xtract Resources plc - Application to admission and total voting rights

RNS Number : 6843D
Xtract Resources plc
30 October 2020
 

 

For immediate release

30 October 2020

Xtract Resources Plc

("Xtract" or the "Company")

Application to Admission and total voting rights

 

The Board of Xtract announces that application to trading on AIM on or around 2 November 2020 ("Admission") has now been made for 100,000,000 new Ordinary Shares issued at a price of 1.25p per Ordinary Share to the shareholders of Prospectore Pty Ltd ("Consideration Shares") and 1,000,000 new ordinary shares issued at a price of 1.25p per ordinary share (equivalent to a fee of £12,500) to The Tonehill Trust ("Fee Shares"), in aggregate amounting to 101,000,000 new Ordinary Shares ("New Shares"), as announced on 27 October 2020. The New Shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

Total Voting Rights

On Admission of the New Shares, the Company will have 620,465,144 Ordinary Shares in issue with voting rights.  Xtract does not currently hold any shares in treasury.  Accordingly, this figure of 620,465,144 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 Guidance and Transparency Rules.

 

Further information is available from the Company's website which details the company's project portfolio as well as a copy of this announcement: www.xtractresources.com

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. The person who arranged for the release of this announcement on behalf of the Company was Colin Bird, Director.

 

Enquiries:

Xtract Resources Plc

Colin Bird,

Executive Chairman

 

+44 (0)20 3416 6471

www.xtractresources.com

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Michael Cornish

Felicity Geidt

+44 (0)207628 3369

www.beaumontcornish.co.uk

 

Novum Securities Limited

Joint Broker                  

 

Colin Rowbury 

 

+44 (0)207 399 9427

www.novumsecurities.com  

 

ENDS

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Market: LSE
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