Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
13 May 2022
Vast Resources plc
(“Vast” or the “Company”)
Atlas Special Opportunities LLC – Exercise of Conversion Rights
Total Voting Rights
Vast Resources plc, the AIM-listed mining company, announces that further to the announcement made on 3 May 2022 regarding the non legally binding verbal assurance from Atlas Special Opportunities LLC (“Atlas”) of no further conversions the Company has received a notice from Atlas that it elects to convert Bonds of
The Company remains confident about the finalisation of the legal documentation process for the refinancing of the outstanding bonds currently
Application will be made to the London Stock Exchange for 151,260,080 new Ordinary Shares to be admitted to trading on the AIM Market with admission expected to occur on or around 6 May 2022 (‘Admission’). The issued new Ordinary Shares will rank pari passu in all respects with existing Ordinary Shares.
Following Admission of the new Ordinary Shares the issued ordinary share capital of Vast will consist of 760,512,143 Ordinary Shares. There are no Ordinary Shares held in treasury. 760,512,143 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
**ENDS**
For further information, visit www.vastplc.com or please contact:
Vast Resources plc Andrew Prelea (CEO) Andrew Hall (CCO) | www.vastplc.com +44 (0) 20 7846 0974 |
Beaumont Cornish – Financial & Nominated Advisor Roland Cornish James Biddle | www.beaumontcornish.com +44 (0) 20 7628 3396 |
Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) | www.shorecapmarkets.co.uk +44 (0) 20 7408 4050 |
Axis Capital Markets Limited – Joint Broker Kamran Hussain | www.axcap247.com +44 (0) 20 3206 0320 |
St Brides Partners Limited Susie Geliher Charlotte Page | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in
In
The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts
The Company also owns the Manaila Polymetallic Mine in
In