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Arkle Resources PLC announced the issuance of 30,080,000 new ordinary shares of EUR0.0025 each at an exercise price of 0.5 pence per share, raising GBP 150,400, following warrant conversions. Directors James Finn and David Cockbill exercised 2,500,000 and 2,000,000 warrants respectively. Following the expected admission to AIM on or around 25 February 2022, the company will have 336,062,426 Ordinary Shares in issue, representing the total voting rights.
| Date | 22 Feb 2022 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 3375C |
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 I 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 |
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|
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price
|
|
||||
|
e) |
Date of the transaction |
21 February 2022 |
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|
f) |
Place of the transaction |
Off-market
|
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