Anglesey Mining Plc - Result of Placing and Subscription
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO
.
596/2014 AS IT FORMS PART OF
(“Anglesey Mining”, “Anglesey”, the “Company” or the “Group”) (AIM:AYM)
Result of Placing and Subscription
The Placing and Subscription raised, in aggregate, gross proceeds of £415,000. The Placing comprises the placing of 32,500,000 Ordinary Shares (the “
Placing Shares
”) with certain institutional and other investors at a price of
The Placing and Subscription is conditional on, amongst other matters, Admission.
The net proceeds of the Placing and Subscription
will be applied to
developmental work at
The Company has been notified of the following participants in the Subscription (conditional only on admission of the Subscription Shares to trading on AIM):
PDMR Participation in the Subscription
_____________________________________________________________________________ | | | |Total Holding of|Percentage | | | |Ordinary Shares|the enlarged |holding of the | |Name |Role |subscribed for |Share Capital |enlarged Share | | | |in the |after the |Capital after | | | |Subscription |Subscription |the Placing and| | | | | |Subscription | |___________|________________|_______________|________________|_______________| |Rob Marsden|Chief Executive |1,000,000 |1,251,103 |0.27 | | |Officer | | | | |___________|________________|_______________|________________|_______________| |Andrew King|Interim-Chairman|2,000,000 |2,000,000 |0.43 | |___________|________________|_______________|________________|_______________|
Substantial Shareholder Participation
Admission and Total Voting Rights
Application has been made to the
The Placing Shares and the Subscription Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 461,593,017 with voting rights. This figure 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, or a change to their interest in, the Company's share capital pursuant to (i) the Company's Articles, (ii) the
Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made at
For further information on the Company, please visit www.angleseymining.co.uk or contact:
Enquiries:
Davy (Nominated Adviser & Joint Broker)
Daragh O’Reilly
Notification And Public Disclosure Of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them
___________________________________________________________________________ | |Details of the person discharging managerial responsibilities/person | |1.|closely associated | |__|________________________________________________________________________| |a)|Name: |Andrew King | |__|________________________________________|_______________________________| | |Reason for the notification | |2.| | |__|________________________________________________________________________| |a)|Position/status: |Interim Chairman | |__|________________________________________|_______________________________| |b)|Initial notification/Amendment: |Initial notification | |__|________________________________________|_______________________________| | |Details of the issuer, emission allowance market participant, auction | |3.|platform, auctioneer or auction monitor | |__|________________________________________________________________________| |a)|Name: |Anglesey Mining Plc | |__|________________________________________|_______________________________| |b)|LEI: |213800X8BO8EK2B4HQ71 | |__|________________________________________|_______________________________| | |Details of the transaction(s): section to be repeated for (i) each type | |4.|of instrument; (ii) each type of transaction; (iii) each date; and (iv) | | |each place where transactions have been conducted | |__|________________________________________________________________________| | |Description of the financial instrument,|Ordinary shares of1 pence each| |a)|type of instrument: | | | | | | | |Identification code: |GB0000320472 | |__|________________________________________|_______________________________| |b)|Nature of the transaction: |Purchase of ordinary shares | |__|________________________________________|_______________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |c)|Price(s) and volume(s): ||________|_________| | | | ||1 pence |2,000,000| | | | ||________|_________| | |__|________________________________________|_______________________________| | |Aggregated information: | | | | | | |d)|Aggregated volume: |N/A | | | | | | |Price: | | |__|________________________________________|_______________________________| |e)|Date of the transaction: |28 June 2024 | |__|________________________________________|_______________________________| |f)|Place of the transaction: |Outside a trading venue | |__|________________________________________|_______________________________|
___________________________________________________________________________ | |Details of the person discharging managerial responsibilities/person | |1.|closely associated | |__|________________________________________________________________________| |a)|Name: |Rob Marsden | |__|________________________________________|_______________________________| | |Reason for the notification | |2.| | |__|________________________________________________________________________| |a)|Position/status: |Chief Executive Officer | |__|________________________________________|_______________________________| |b)|Initial notification/Amendment: |Initial notification | |__|________________________________________|_______________________________| | |Details of the issuer, emission allowance market participant, auction | |3.|platform, auctioneer or auction monitor | |__|________________________________________________________________________| |a)|Name: |Anglesey Mining Plc | |__|________________________________________|_______________________________| |b)|LEI: |213800X8BO8EK2B4HQ71 | |__|________________________________________|_______________________________| | |Details of the transaction(s): section to be repeated for (i) each type | |4.|of instrument; (ii) each type of transaction; (iii) each date; and (iv) | | |each place where transactions have been conducted | |__|________________________________________________________________________| | |Description of the financial instrument,|Ordinary shares of1 pence each| |a)|type of instrument: | | | | | | | |Identification code: |GB0000320472 | |__|________________________________________|_______________________________| |b)|Nature of the transaction: |Purchase of ordinary shares | |__|________________________________________|_______________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |c)|Price(s) and volume(s): ||________|_________| | | | ||1 pence |1,000,000| | | | ||________|_________| | |__|________________________________________|_______________________________| | |Aggregated information: | | | | | | |d)|Aggregated volume: |N/A | | | | | | |Price: | | |__|________________________________________|_______________________________| |e)|Date of the transaction: |28 June 2024 | |__|________________________________________|_______________________________| |f)|Place of the transaction: |Outside a trading venue | |__|________________________________________|_______________________________|
IMPORTANT INFORMATION
The distribution of this announcement, including its Appendix (together, the “
Announcement
”) and the offering of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or the Bookrunner that would permit an offering of such shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and the Bookrunner to inform themselves about, and to observe such restrictions. In particular, the Announcement is not for publication, release, transmission distribution or forwarding, in whole or in part, directly or indirectly, in or into
The Placing Shares have not been and will not be registered under the
No public offering of the Placing Shares is being made in
No prospectus will be made available in connection with the matters contained in this Announcement and no such prospectus is required (in accordance with the Prospectus Regulation or
This Announcement and the terms and conditions set out herein must not be acted on or relied on by persons who are not Relevant Persons. Persons distributing this Announcement must satisfy themselves that it is lawful to do so. Any investment or investment activity to which this Announcement and the terms and conditions set out herein relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This Announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not facts. They appear in a number of places throughout this Announcement and include statements regarding the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which the Group operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: ability to find appropriate investments in which to invest and to realise investments held by the Group; conditions in the public markets; the market position of the Group; the earnings, financial position, cash flows, return on capital and operating margins of the Group; the anticipated investments and capital expenditures of the Group; changing business or other market conditions; changes in political or tax regimes, exchange rates and clients; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Announcement based on past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Subject to any requirement under the AIM Rules or other applicable legislation or regulation, neither the Company nor the Bookrunner undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors should not place undue reliance on forward-looking statements, which speak only as of the date of this Announcement.
No statement in this Announcement or incorporated by reference into this Announcement is intended to constitute a profit forecast or profit estimate for any period, nor should any statement be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for the Company.
This Announcement contains information regarding the Company's business and the markets in which it operates and competes, which the Company has obtained from various third party sources. Where information has been sourced from a third party it has been accurately reproduced and, so far as the Company is aware and is able to ascertain from the information published by that third party, no facts have been omitted which would render the reproduced information inaccurate or misleading. Such information has not been audited or independently verified.
Certain data in this Announcement, including financial, statistical and operating information, has been rounded.
This Announcement is for information purposes only and shall not constitute an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Bookrunner or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
The Placing Shares to which this Announcement relates may be illiquid and / or subject to restrictions on their resale. Prospective subscribers of the Placing Shares should conduct their own due diligence on the Placing Shares. If you do not understand the contents of this Announcement you should consult an authorised financial adviser.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.
Information to Distributors
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“ MiFID II ”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “ MiFID II Product Governance Requirements ”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “ Target Market Assessment ”). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Bookrunner will only procure investors who meet the criteria of professional clients and eligible counterparties.
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Placing Shares.
Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.