Source - LSE Regulatory
RNS Number : 7288C
Red Rock Resources plc
12 February 2024
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Convertible Loan Notes

Total Voting Rights

 

12 February 2024

 

Red Rock Resources Plc, the natural resource development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announces, further to the announcement of the issue of Convertible Loan Notes on 19 October 2023 ("Notes"), that it has received notice of conversion of £134,820 of Notes, inclusive of interest, into 211,482,353 ordinary shares at a price (calculated in accordance with the terms of the Notes) of £0.0006375 per share.

 

Red Rock Chairman Andrew Bell comments: "We were grateful for the support of the buyers of our Convertible Loan Notes last year. Buyers of our notes who exercise the conversion option, generally institutional or quasi-institutional or high net worth investors, have proved a stable and supportive element of our shareholder base, and we welcome them as shareholders".  

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 211,482,353 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 16 February 2024.

 

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 3,548,246,811 ordinary shares.

 

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 3,548,246,811.         The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

 

 

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD Beaumont Cornish Limited

Bob Roberts 0203 8696081                                                        Broker Clear Capital Corporate Broking

 

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

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