7 December 2021
Vulcan Industries plc
("Vulcan" or the "Company")
Equity Issue and Directors' dealings
Equity Issue
Vulcan Industries plc (AQSE: VULC) is pleased to announce that it has raised a
total of GBP 383,050 (gross) from existing investors through the issue of
15,803,125 new ordinary shares at 1.6p per share and 8,680,000 new ordinary
shares at 1.5p per share (the 'Placing Shares') under this equity issue.
The Company will use the proceeds from the equity issue for general working
capital purposes.
In addition, in settlement of professional fees of GBP 249,300 the Company has
issued 9,656,250 new ordinary shares at 1.6p per share and 6,320,000 new
ordinary shares at 1.5p per share (the 'Fee Shares').
Directors' Dealings
Pursuant to the announcement on 8 September 2021 in respect of board changes,
certain directors have agreed to convert outstanding fees into ordinary shares
in the Company at 2p per share. Their names and the details of their
shareholdings are set out below:
Director Fees Number of shares Total shareholding
issued as a % of total
issued share
capital
John Maxwell £63,235 3,161,750 1.62%
Kieran Vaughan £29,500 1,475,000 0.38%
Admission
Application has been made for the 24,483,125 Placing Shares, 15,976,250 Fee
Shares and 4,636,750 Directors' Shares to be admitted to trading on Aquis Stock
Exchange ('Admission'). Admission is expected to occur at 8:00am on or around
14 December 2021.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise
389,991,285 ordinary shares of £0.0004 each, with each share carrying the right
to one vote.
The Company does not hold any ordinary shares in treasury. The above figure of
389,991,285 may therefore 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 of a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
For further information, visit: vulcanplc.com
Contacts
Vulcan Industries plc Via Vox Markets
Ian Tordoff, Chairman
First Sentinel Corporate Finance Ltd (AQSE +44 7876 888 011
Corporate Adviser)
Brian Stockbridge
Gabrielle Cordeiro
Vox Markets (Media and Investor Relations) vulcan@voxmarkets.co.uk
Kat Perez +44 7881 622 830
Paul Cornelius + 44 7866 384 707
About Vulcan
Vulcan seeks to acquire and consolidate traditional but historically profitable
engineering, manufacturing, and industrial SMEs for value and to enhance this
value in part through group synergies, but primarily by unlocking growth which
is not being achieved as a standalone private company.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Maxwell
2 Reason for the notification
a) Position/status Director
b) Initial notification / Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Vulcan Industries plc
b) LEI 213800DVP6NKMCZ9SL47
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 Ordinary Shares of £0.0004 each
financial instrument,
type of instrument
Identification code GB00BKMDX634
b) Nature of the Allotment of shares
transaction
c) Price(s) and volume(s)
Price(s) Volume(s)
2p 3,161,750
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 6 December 2021
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kieran Vaughan
2 Reason for the notification
a) Position/status Director
b) Initial notification / Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Vulcan Industries plc
b) LEI 213800DVP6NKMCZ9SL47
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 Ordinary Shares of £0.0004 each
financial instrument,
type of instrument
Identification code GB00BKMDX634
b) Nature of the Allotment of shares
transaction
c) Price(s) and volume(s)
Price(s) Volume(s)
2p 1,475,000
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 6 December 2021
f) Place of the transaction Outside a
trading venue