Home » Posts tagged 'shares'
Tag Archives: shares
#KAV Kavango Resources PLC – Calling of AGM
Southern African focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the Company’s Annual General Meeting will be held at the offices of the Company’s Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS at 11 a.m. on 08 June 2023 (the “AGM”).
Kavango will today post a copy of the notice of its annual general meeting (the “2023 AGM Notice”) and form of proxy for the AGM, along with the 2022 annual report and financial statements to shareholders. The Company will also make these documents available to download from the Company’s website (www.kavangoresources.com).
In accordance with Listing Rule 14.3.6 of the UK Financial Conduct Authority (“FCA”), a copy of the 2023 AGM Notice will be submitted to the FCA via the National Storage Mechanism and will shortly be available to the public for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson
#TEK TekCapital PLC – Placing to raise £2.25 Million(C.US$2.7M)
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products that can improve people’s lives announces that it has raised a total of £2.25 million (c.US$2.7m) before expenses, in an oversubscribed placing from existing and new shareholders, by way of the issue of, in aggregate, 14,062,500 new ordinary shares of 0.4 pence each in the Company (the “Ordinary Shares”), at a price of 16 pence per share (the “Placing Shares”) (together, the “Placing”).
The net proceeds of the Placing will primarily be used to accelerate the growth of the Company’s portfolio companies. The Placing was undertaken by the Company’s broker SP Angel Corporate Finance LLP.
Key Highlights:
– £2.25m (US$2.7m) before expenses was raised by means of a fundraise through the issue of, in aggregate 14,062,500 Placing Shares at 16 pence per Placing Share.
Funds raised will be used as follows:
– £0.6m to build commercial inventory of MicroSalt Limited
– £1m to purchase autonomous shuttles for Guident’s Remote Control Monitoring Centre clients and for fabrication and testing of their regenerative shock absorbers for prospective clients
– the remainder of the funds raised will primarily be for additional working capital.
Admission and Total Voting Rights
Application has been made for the 14,062,500 Placing Shares to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective on or around 23 February 2023.
Following the issue of the 14,062,500 Placing Shares, which on Admission will rank pari passu with the existing Ordinary Shares, the total number of Ordinary Shares in issue with voting rights in the Company will be 164,754,828. There are no shares held in treasury.
The above figure of 164,754,828 Ordinary Shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented:
“We are pleased to announce this oversubscribed offering to facilitate the further good progress of our portfolio
companies.“
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc |
Via Flagstaff |
|
Clifford M. Gross, Ph.D. |
||
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) |
+44 (0) 20 3470 0470 |
|
Richard Morrison/Charlie Bouverat (Corporate Finance) |
||
Abigail Wayne (Corporate Broking) |
||
Flagstaff Strategic and Investor Communications |
|
+44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon |
|
#TYM Tertiary Minerals PLC – Placing to raise £300,000
Tertiary Minerals plc (AIM: TYM), the London listed explorer focussed on energy transition and precious metals in Zambia and Nevada, USA, is pleased to announce it has raised £300,000 before expenses through a placing of 250,000,000 new ordinary shares of 0.01 pence each (the “Placing Shares”) and 125,000,000 attached warrants (the “Placing Warrants”) in the Company at a price of 0.12 pence per share (the “Placing Price”) as detailed below (the “Placing”).
The Placing was arranged through the Company’s joint broker, Peterhouse Capital Limited (“Peterhouse”).
Commenting today, Executive Director Patrick Cheetham said:
The proceeds of the Placing will allow the Company to continue the evaluation of its exciting portfolio of copper exploration projects in Zambia and Nevada, with field programmes scheduled to commence in Spring in Zambia as soon as the wet season ends. We are taking full advantage of the data being supplied under our data sharing and technical cooperation agreement with major Zambia copper producer First Quantum Minerals to shortcut the exploration process with drilling anticipated this year on a number of projects.“
Placing Details
The Company has placed 250,000,000 new ordinary shares at 0.12 pence to raise proceeds of £300,000 before expenses.
The Placing Price represents a discount of approximately 7.7% to the closing bid-price for Tertiary shares on 2 February 2023.
The Company will issue one warrant for every two Placing Shares (the “Placing Warrants”) entitling the holder to subscribe for a one new ordinary share at a price of 0.24 pence at any time within 12 months from the date of admission of the Placing Shares and the Broker Fee Shares to trading on AIM (“Admission”). A total of 125,000,000 Placing Warrants will be issued.
Broker Warrants
In settlement of commission payable in connection with the Placing and its quarterly Joint Broker fees for the period 1 January 2023 to 31 March 2023, Peterhouse will be issued with 16,250,000 new ordinary shares and 8,125,000 warrants on the same terms as those issued in the Placing (the “Broker Fee Shares and Broker Fee Warrants”).
Under the terms of its engagement Peterhouse will also be issued with 12,500,000 warrants (“Broker Engagement Warrants”) to subscribe for further new ordinary shares at the Placing Price at any time before one year from the date of Admission.
The Placing Shares, the Broker Fee Shares, the Placing Warrants, the Broker Fee Warrants and the Broker Engagement Warrants (together “the Warrants”) are being issued under the Company’s existing share issue authorities. The Warrants are non-transferable and will not be admitted to trading on any exchange.
Related Party Transaction
Subscribers to the placing include Sanderson Capital Ltd (“Sanderson”) which currently holds 7.36% of the existing issued ordinary shares. As Sanderson held more than 10% of the Company’s issued share capital within the past 12 months it is a “related party” of the Company under the AIM Rules for Companies (the “AIM Rules”). As a result, their participation in the Placing is deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules.
Accordingly, the Directors of the Company, consider, having consulted with the Company’s Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of Sanderson’s participation in the Placing are fair and reasonable in so far as the Company’s shareholders are concerned.
Sanderson is subscribing for 25,000,000 Placing Shares and following the issue of the Placing Shares and the Broker Fee Shares will hold 138,056,670 shares representing 7.66% of the issued shares following Admission.
Use of Proceeds
The net funds raised will be applied to exploration activities at the Company’s projects in Nevada and Zambia and working capital.
Admission
The Placing Shares and the Broker Fee Shares will rank pari passu with the Company’s existing ordinary shares.
An application has been made to the London Stock Exchange for admission of the Placing Shares and the Broker Fee Shares to trading on AIM (“Admission”). Admission is expected to occur at 8.00 a.m. on or around 8 February 2023.
Total Voting Rights
Following Admission of the Placing Shares and the Broker Shares the Company’s enlarged issued share capital will be 1,802,513,621 ordinary shares.
The Company holds no ordinary shares in treasury. Following Admission, the total number of voting rights in the Company will therefore be 1,802,513,621 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
For more information please contact:
Tertiary Minerals plc: |
||
Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
|
SP Angel Corporate Finance LLP – Nominated Adviser and Broker |
||
Richard Morrison |
+44 (0) 203 470 0470 |
|
Harry Davies-Ball |
||
Peterhouse Capital Limited – Joint Broker |
||
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
Duncan Vasey |
||
Market Abuse Regulation
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.