Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
18 October 2018
Vast Resources plc
("Vast" or the "Company")
Placing and Subscription to raise
Vast Resources plc, the AIM-listed mining company with operating mines in
Admission of and Dealings in the Placing Shares
The issue of the Placing and Subscription Shares is conditional on their admission to trading on AIM ("Admission"). Application is being made for the Placing and Subscription Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealing in the Placing and Subscription Shares will commence on 24 October 2018. The Placing and Subscription Shares will rank pari passu with existing Ordinary Shares.
Following Admission, the total issued share capital of the Company will be 5,602,336,502. The above figure of 5,602,336,502 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 Vast under the FCA's Disclosure and Transparency Rule.
Following Admission, the Ordinary Shares held by Andrew Prelea and Roy Tucker will be
26,772,069 and 39,940,362 respectively representing 0.48% and 0.71% respectively of the total issued share capital of the Company.
**ENDS**
For further information, visit www.vastresourcesplc.com or please contact:
Vast Resources plc |
www.vastresourcesplc.com +44 (0) 20 7236 1177
|
Beaumont Cornish - Financial & Nominated Adviser James Biddle
|
www.beaumontcornish.com |
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans
|
www.brandonhillcapital.com +44 (0) 20 3463 5016 |
SVS Securities Plc - Joint Broker Ben Tadd |
www.svssecurities.com +44 (0) 20 3700 0100
|
St Brides Partners Ltd |
www.stbridespartners.co.uk |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR") and the notification below, made in accordance with the MAR, provides further detail in respect of the Directors subscribing for Subscription Shares as described above.
Andrew Prelea
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Andrew Prelea
|
||||
2 |
Reason for notification |
|||||
a) |
Position / status |
Director |
||||
b) |
Initial notification /Amendment |
Initial |
||||
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
Vast Resources plc
|
||||
b) |
LEI |
213800QXLO766CMGCQ60 |
||||
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 financial instrument, type of instrument
Identification code |
Ordinary shares of
GB00B142P698 VAST |
||||
b) |
Nature of the transaction |
Subscription of new ordinary shares as described above
|
||||
c) |
Price(s) and volumes(s) |
|
||||
d) |
Aggregated information |
n/a |
||||
e) |
Date of the transaction |
18 October 2017 |
||||
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
Roy Tucker
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Roy Tucker
|
||||
2 |
Reason for notification |
|||||
a) |
Position / status |
Director |
||||
b) |
Initial notification /Amendment |
Initial |
||||
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
Vast Resources plc
|
||||
b) |
LEI |
213800QXLO766CMGCQ60 |
||||
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 financial instrument, type of instrument
Identification code |
Ordinary shares of
GB00B142P698 VAST |
||||
b) |
Nature of the transaction |
Subscription of new ordinary shares as described above
|
||||
c) |
Price(s) and volumes(s) |
|
||||
d) |
Aggregated information |
n/a |
||||
e) |
Date of the transaction |
18 October 2017 |
||||
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
Notes
Vast Resources plc is an AIM listed mining and resource development company focussed on the rapid advancement of high-quality brownfield projects and recommencing production at previously producing mines in
Vast Resources currently owns and operates the Manaila Polymetallic Mine in
The Company also has interests in a number of projects in
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the