Issue of Equity and Director's Shareholding

RNS Number : 1083J
MetalNRG PLC
15 August 2019
 

15 August 2019

 

MetalNRG plc

 

("MetalNRG" or the "Company")

 

Issue of Equity and Director's Shareholding

 

MetalNRG (LON:MNRG), the natural resource investing company, today announces that, pursuant to the terms of a service agreement entered into between the Company and Rolf Gerritsen, MetalNRG's CEO, the Company has issued and allotted a bonus award of 2,500,000 ordinary shares of 0.01p each (the "New Shares") to Rolf Gerritsen at a price of 0.3p per share being the average mid-market price in the 5 business days prior to 7 August 2019.

 

Following the issue of the New Shares, Rolf Gerritsen's shareholding is as follows:

Director

Ordinary Shares prior to the issue of New Shares

% of ISC

New  

Shares issued

Ordinary Shares post issue of New Shares

% of ISC

Rolf Gerritsen

6,650,000

2.23%

2,500,000

 

9,150,000

3.05%

 

Issue of Equity

 

The New Shares are expected to be admitted to trading on the Main Market of the London Stock Exchange on or around 20 August 2019.

 

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 300,202,306  ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

 

1.

Details of PDMR / person closely associated

a)

Name

Rolf Gerritsen

 

2.

Reason for the notification

a)

Position / status

Chief Executive Officer

 

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc as a bonus award pursuant to the terms of a service contract

 

d)

Price(s) and volume(s)

Price(s)

Volume(s)

i. £0.003

2,500,000

 

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

f)

Date of the transaction

7 August 2019

g)

Place of the transaction

XLON  

 

The Directors of the Company accept responsibility for the contents of this announcement.

END

 

Contact details:

MetalNRG PLC
Christopher Latilla-Campbell


+44 (0) 20 7796 9060

Corporate Adviser
PETERHOUSE CAPITAL LIMITED
Guy Miller/Mark Anwyl



+44 (0) 20 7469 0930

Corporate Broker
SI CAPITAL
Nick Emerson



+44 (0) 1483 413500

 


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