RNS Number : 8635X
Equatorial Mining & Exploration PLC
15 August 2018
 

15 August 2018

 

Equatorial Mining & Exploration Plc ("EME" or the "Company")

 

Issue of New Ordinary Shares

 

 

Further to the announcement made on 17th July 2018 where the Company disclosed that as part of its commitment to rid the Company of its legacy debt, the Company announces the further issue of new ordinary shares.  This now renders the Company debt free other than a personal loan owned by a continuing investor in the amount of £55,000.

 

Accordingly, the Company announces the issue of 251,326,000 new ordinary shares of 0.01p.

 

The new shares will rank pari passu with the Company's existing ordinary shares and will be admitted to trading on NEX Exchange Growth Market on 16 August 2018.

 

 


Ord Shares of 0.01p

Warrants to subscribe for ordinary shares at 0.02p

Previously in issue

10,408,523,507

0

Currently in issue

10,659,849,507

500,000,000

 

The Directors' stock interests remain unchanged as set out below:

 


Ord shares of 0.01p

% of enlarged share capital

Employee Benefits Trust under option at 0.01p per share

Nicholas Nelson

545,939,024

5.1

891,990,000

Simon Retter

116,636,179

1.1

200,000,000

 

Shareholders with 3% or more of the issued share capital

 

Registered Shareholder

Shareholding

% of enlarged share capital

JIM Nominees Limited

2,683,400,870

25.2

First Names Trust Company Limited

1,332,400,000

12.5

M M Daniel

941,326,000

8.8

Spreadex Limited

823,100,000

7.7

GTI International Limited

800,000,000

7.5

Pershing Nominees Ltd

727,386,854

6.8

M Staten

550,000,000

5.2

Reba Global Pty Ltd

500,000,000

4.7

 

 

Enquiries:

 

Equatorial Mining & Exploration Plc:
Nicholas Nelson, Executive Chairman

 

nelson@nexfin.org.uk

NEX Exchange Adviser and Broker

Alexander David Securities

James Dewhurst

 

+44 (0) 207 448 9820

 

 

 

The Directors take responsibility for this announcement.

 


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