MetalNRG PLC (MNRG.L) 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:


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mnrg - MetalNRG PLC (MNRG.L) Issue of Equity and Director's Shareholding

 

mnrg - MetalNRG PLC (MNRG.L) Issue of Equity and Director's Shareholding
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