Issue of Shares

RNS Number : 0069K

Highlands Natural Resources PLC

16 September 2016

 

16 September 2016

Highlands Natural Resources plc ('Highlands' or 'the Company')

Issue of Shares

Highlands, the London listed natural resources company, announces that, pursuant to the exercise of warrants, an application has been made for an additional 5,050,000 ordinary shares in the Company to be admitted to trading on the Official List of the UK Listing Authority by way of a Standard Listing and to trading on the London Stock Exchange's Main Market for listed securities ('Admission').  Admission is expected to take place on 21 September 2016. 

5,000,000 of the warrants that have been exercised are part of those recently acquired by an institutional investor from Diversion Technologies, LLC ('Diversion'), as announced on 2 September 2016.  This latest warrant exercise has provided the Company with a further £1,255,000 of funds before costs and brings the total amount received by the Company since July 2016 from warrants sold by Diversion to £3,750,000.

Accordingly, following Admission, the total number of ordinary shares in Highlands with voting rights will be 49,287,349.  This figure may be used by Highlands shareholders as the denominator for calculations to determine if they have a notifiable interest in Highlands under the Disclosure and Transparency Rules, or if such interest has changed. 

Disclosure of notifiable interests

Due to the issue of the above New Ordinary Shares, although the number of ordinary shares held by Mr R B Price, CEO of Highlands, has not changed, with effect from Admission his holding represents 24.3 per cent. of the Company's total voting rights.   Similarly, although the number of ordinary shares held by Diversion Technologies Inc. has not changed, with effect from Admission their holding represents 3.9 per cent. of the Company's total voting rights.

**ENDS**

For further information:

Highlands Natural Resources plc Robert Price [phone] Cenkos Securities plc Neil McDonald [phone] Nick Tulloch [phone] St Brides Partners Ltd Lottie Brocklehurst [phone] Elisabeth Cowell

 

END

 

 

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