Source - RNS
RNS Number : 4178L
Equatorial Mining & Exploration PLC
30 September 2016
 

30 September 2016

 

Equatorial Mining & Exploration Plc

 

("EME" or the "Company")

 

Issue of New Ordinary Shares

 

The Company announces the issue of new ordinary shares totalling 1,162,000,000 to various parties following the receipt of instructions by the Company as summarised below:

 

Equatorial Employee Benefits Trust

540 million

Outstanding Consultants' invoices

22 million

Conversion of Convertible Loan Stock

360 million

Exercise of Warrants

240 million

 

The outstanding warrant holdings total 740,000,000.

 

Following the allotment, the total issued share capital of the Company will increase to 5,918,941,670 ordinary shares of 0.01 p each. This figure may 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 share capital of the Company under the Disclosure and Transparency Rules.

 

The 1,162,000,000 new ordinary shares will be admitted to trading on ISDX Growth Market on 30 September 2016.

 

Significant and directorate share holdings, as shown on the members register, are as follows:

 

Holder

Holding before

Holding now

% of issued share capital

First Names Trust Company

792,400,000

1,332,400,000

22.5

Pershing Nominees Limited

1,026,323,335

1,026,323,335

17.3

GTI Intl. Ltd

800,000,000

800,000,000

13.5

Grandinex Intl Corp

800,000,000

0

0

Spreadex Limited

N/A

800,000,000

13.5

JIM Nominees Limited

457,776,667

714,776,667

12.1

WB Nominees Ltd (Nicholas Nelson, Director)

153,500,000

293,500,000

5.0

Simon Retter, Director

750,000

750,000

0

 

Enquiries:

 

Equatorial Mining & Exploration Plc:
Nicholas Nelson, Executive Chairman

 

[email protected]

ISDX Adviser and Broker

Alexander David Securities

David Scott: Head of Corporate Finance

James Dewhurst: Institutional Sales

+44 (0) 207 448 9820

 

 

The Directors take responsibility for this announcement.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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