RNS Number : 3375C
Arkle Resources PLC
22 February 2022
 

 

 

22 February 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Exercise of Warrants

 

Arkle announces that, pursuant to the receipt of warrant conversion notices, it has issued 30,080,000 ordinary shares of EUR0.0025 each ("Ordinary Shares") at the exercise price of 0.5 pence per share ("New Shares").

 

Application has been made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 25 February 2022 ("Admission"). The proceeds of the exercise of GBP 150,400 will be used for additional working capital.

 

Directors' Holdings

 

The exercise of warrants includes warrants held by certain directors of the Company as follows:

 

Name

Number of warrants exercised

Resultant shareholding

% of issued share capital





James Finn

2,500,000

14,063,527

4.18

David Cockbill

2,000,000

4,935,408

1.47

 

Total Voting Rights

 

Following Admission, Arkle will have 336,062,426 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.

 

A copy of this announcement is available on the Company's website, at www.arkleresources.com

 

ENDS

 

Enquiries:

 

 

Arkle Resources PLC

John Teeling, Chairman                                               +353 (0) 1 833 2833

Jim Finn, Finance Director                                           +353 (0) 1 833 2833

 

 

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Matthew Johnson/Adam Cowl                                    +44 (0) 203 470 0470

 

First Equity Limited

Joint Broker

Jason Robertson                                                           +44 (0) 207 374 2212

 

Blytheweigh                                                                +44 (0) 207 138 3204

Megan Ray

Rachael Brooks

 

Teneo

Luke Hogg                                                                    +353 (0) 1 661 4055

Ross Murphy                                                                +353 (0) 1 661 4055

 

 

 

 

 

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1

Details  of  the  persons   discharging  managerial   responsibilities persons closely associated

a)

Names

1.    James Finn

2.    David Cockbill

 

2

Reason for the notification

a)

Position/status

1.   Financial Director/Company Secretary

2.   Non-Executive Director

 

 

b)

Initial notification /Amendment

Initial notification

3

Details  of  the  issuer

a)

Name

Arkle Resources PLC

b)

LEI

213800CTOO8MOLMNEQ44

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, type of instrument

 

 

 

Ordinary Shares of €0.0025 each.

Identification code

ISIN for Ordinary Shares:          IE00B2357X72

b)

Nature of the transaction

Exercise of warrants

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.5p

0.5p

 

2,500,000

2,000,000

 

d)

Aggregated information

- Aggregated volume 

- Price 

 

Price(s)

Volume(s)

0.5p

 

4,500,000

e)

Date of the transaction

21 February 2022

f)

Place of the transaction

Off-market

 

 

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