Option Exercise and TR1 Notification

RNS Announcement

RNS Number : 1620S

Arc Minerals Limited

12 March 2021

Arc Minerals Ltd

('Arc' or the 'Company')

Option Exercise and TR1 Notification

The Company announces that it has received notice from a former director of the Company to exercise options over a total of 700,000 new Ordinary Shares of no par value in the share capital of the Company (the "Option Shares") at a price of 3 pence per share. Accordingly, the Company has today issued the New Ordinary Shares for an aggregate cash consideration of £21,000.

Total Voting Rights

Application will be made to the London Stock Exchange plc for 700,000 Option Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 18 March 2021. The Option Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the 700,000 Option Shares the total number of voting rights in the Company will be 1,049,164,936.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			ARC MINERALS LIMITED
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name			CANACCORD GENUITY GROUP INC
City and country of registered office (if applicable)			VANCOUVER, CANADA
4. Full name of shareholder(s) (if different from 3.)^v
Name			DISCRETIONARY CLIENTS
City and country of registered office (if applicable)			As above
5. Date on which the threshold was crossed or reached^vi:			08 MARCH 2021
6. Date on which issuer notified (DD/MM/YYYY):			09 MARCH 2021
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	4.8207			4.8207	1,048,464,936
Position of previous notification (if applicable)	5.3619			5.3619

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights^ix		% of voting rights
Class/type of shares ISIN code (if possible)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
VGG045791016		50,543,757		4.8207

SUBTOTAL 8. A		50,543,757				4.8207

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date^x	Exercise/ Conversion Period^xi		Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights



			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x		Exercise/ Conversion Period ^xi	Physical or cash settlement^xii			Number of voting rights	% of voting rights



				SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)				X
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Canaccord Genuity Group Inc.	4.8207		4.8207
Canaccord Genuity Wealth Group Holdings Limited	4.8207		4.8207
Canaccord Genuity Wealth Group Holdings (Jersey) Limited	4.8207		4.8207
Canaccord Genuity Wealth (International) Holdings Limited	0.0001		0.0001
Canaccord Genuity Wealth (International) Limited	0.0001		0.0001
Canaccord Genuity Wealth Group Limited	4.8206		4.8206
Hargreave Hale Ltd	4.8206		4.8206

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information^xvi
The change in the percentage of shares held is partly due to the admission of 1,000,000 new Arc Minerals Ltd shares to AIM on 08/03/2021.

Place of completion	BLACKPOOL, ENGLAND
Date of completion	09 MARCH 2021

For more information visit www.arcminerals.com.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

+44 (0) 20 7917 2942

SP Angel (Nominated Adviser & Joint Broker)

Ewan Leggat / Adam Cowl

+44 (0) 20 3470 0470

WH Ireland Limited (Joint Broker)

Harry Ansell / Katy Mitchell

+44 (0) 20 7220 1666

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END

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RNS metadata

Title: Option Exercise and TR1 Notification
Time: 15:15:53
Date: 12 Mar 2021
Category: Capital structure
ID: 1620S