26 January 2021
W Resources Plc
("W" or the "Company")
Issue of Shares
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that it has issued 247,290,458 ordinary shares of 0.1p per share ("Ordinary Shares") at a deemed price of 0.1113p per Ordinary Share.
The first tranche of £44,603.03, forms part of Director, Pablo Neira's 2020 remuneration package, (see table below) and the second tranche of £230,631.25 is issued to technical and professional creditors.
| | No. of Shares Issued | No. of Shares Held After Placing | % Holding |
| Pablo Neira | 40,074,602 | 40,074,602 | 0.53 |
Application will be made for the new Ordinary Shares to be admitted to trading on AIM with admission expected to occur on or around 1 February 2021.
Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 7,613,036,507 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 7,613,036,507 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
| W Resources Plc Paul Hailes investors@wresources.com | Grant Thornton UK LLP Colin Aaronson / Seamus Fricker T: +44 (0) 20 7383 5100 |
| Joint Broker Turner Pope Investments (TPI) Ltd Andy Thacker / Zoe Alexander T: +44 (0) 203 657 0050 | Joint Broker Alternative Resource Capital / Shard Capital Alex Wood T:+44 (0) 20 7186 9004 Damon Heath T:+44 (0) 20 7186 9952 |
| Alma PR Justine James T: +44 (0) 20 3405 0205 M: +44 (0) 7525 324431 |
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Pablo Neira | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Director | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | W Resources Plc | |||
| b) | LEI | 213800H66EK87TAOS666 | |||
| 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 0.1 pence each | |||
| Identification code | GB00B0358H47 | ||||
| b) | Nature of the transaction | Issue of shares in lieu of Directors' fees | |||
| | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| | | 0.1113 pence | 40,074,602 | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | Aggregate volume: 40,074,602 | ||||
| - Price | Aggregate price: 0.1113 pence Aggregate total: £44,603.03 | ||||
| e) | Date of the transaction | 25 January 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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