Issue of New Ordinary Shares

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	[e-mail]
ISDX Adviser and Broker Alexander David Securities David Scott: Head of Corporate Finance James Dewhurst: Institutional Sales	[phone]

The Directors take responsibility for this announcement.

 

END

 

 

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