Issue of Equity

RNS Number : 8619P
MetalNRG PLC
12 June 2020
 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

 

12 June 2020

 

MetalNRG plc

 

("MetalNRG" or the "Company")

 

Issue of Equity and Director's Shareholding

 

MetalNRG (LON:MNRG), the natural resource investing and exploration company, today announces that, pursuant the exercise of warrants at 0.6p per share, the Company has issued and allotted Rolf Gerritsen, MetalNRG's CEO,  with 5,000,000 ordinary shares of 0.01p each in the capital of the Company (the "New Shares")

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 9,150,000 2.54% 5,000,000 14,150,000 3.88%

  Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 19 June 2020.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

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 364,742,767 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 pursuant to the exercise of warrants

 

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.006

5,000,000

 

 

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

 

f)

Date of the transaction

12 June 2020

g)

Place of the transaction

LONDON  

 

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.



END

 

Contact details:

MetalNRG PLC
Christopher Latilla-Campbell


+44 (0) 20 7796 9060

Corporate Adviser
PETERHOUSE CAPITAL LIMITED
Lucy Williams/Duncan Vasey



+44 (0) 20 7469 0930

Corporate Broker
SI CAPITAL
Nick Emerson



+44 (0) 1483 413500

 


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