THE
DIRECTORS OF IMC EXPLORATION GROUP PLC CONSIDER THIS ANNOUNCEMENT
TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION (EU) NO. 596/2014 OF THE EUROPEAN PARLIAMENT AND THE
COUNCIL OF 16 APRIL 2014 ON MARKET
ABUSE AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE "MARKET ABUSE
REGULATION"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
IMC
EXPLORATION GROUP PLC
("IMC" or
the "Company")
ADMISSION
OF NEW ORDINARY SHARES
COMPLETION
OF ACQUISITION
DUBLIN: 1 November
2023 - IMC
Exploration Group plc (LSE: IMC) is pleased to announce that,
further to its announcements dated 2 and 26
October 2023 and to the prospectus (the "Prospectus") dated
29 September 2023 and published by
the Company, Admission of the New Ordinary Shares, admission of the
Fee Shares and readmission of the Existing Ordinary Shares to the
standard segment of the FCA's Official List and to trading on the
London Stock Exchange's main market for listed securities is
expected to occur, and dealings are expected to commence on the
London Stock Exchange, at 8:00 a.m.
today.
Upon
Admission, the Company will have completed the Acquisition of the
entire issued share capital of MVI Ireland s.r.o.
("MVI").
MVI holds
the entire issued share capital in Assat, LLC, which holds the
Karaberd Operating Licence in respect of the Karaberd gold mine,
located in northern Armenia,
together with ore crushing facilities located between Vanadzor and
Karaberd.
Unless
otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as those defined in the
Prospectus.
The
capitalised term Fee Shares has the meaning defined in the
Company's announcement dated 2 October
2023.
TOTAL
VOTING RIGHTS
Upon
Admission, the Company will have a total of 685,097,479 Ordinary
Shares in issue. There are no Ordinary Shares held in treasury and
therefore the total number of voting rights in the Company will be
685,097,479. This figure may be used by shareholders in the Company
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 share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
CAUTIONARY
NOTICES
This
announcement is an advertisement for the purposes of the Prospectus
Regulation Rules of the Financial Conduct Authority (the "FCA") and
not a prospectus.
Interested
parties are advised to read the Prospectus in its
entirety.
This
announcement is for information purposes only and is not intended
to and does not constitute, or form part of, any offer or
invitation to purchase, subscribe for or otherwise acquire or
dispose of, or any solicitation to purchase or subscribe for or
otherwise acquire or dispose of, any securities in any
jurisdiction. The information in this announcement does not purport
to be full or complete and may be subject to change without
notice.
This
announcement is not for release, publication or distribution, in
whole or in part, directly or indirectly, in, into or from any
jurisdiction where to do so would constitute a violation of the
relevant securities laws of such jurisdiction. This announcement
does not purport to give legal, tax or financial advice.
Except to
the extent required by applicable laws and regulations, including
the Listing Rules of the FCA, each of IMC and Keith Bayley Rogers
& Co. Limited and their respective affiliates expressly
disclaim any obligation or undertaking to update, review or revise
any forward-looking statement contained in this announcement
whether as a result of new information, future developments or
otherwise.
Keith Bayley Rogers & Co. Limited, which is authorised
and regulated by the FCA, is acting for IMC and for no one else in
connection with this announcement and the matters referred to
herein, and accordingly will not be responsible to any person other
than IMC for providing the protections afforded to customers of
Keith Bayley Rogers & Co.
Limited, or for providing advice to any other person in relation to
the announcement or the matters referred to herein.
The
directors of the Company accept responsibility for the contents of
this announcement.
Enquiries:
IMC
Exploration Group plc
Eamon O'Brien
+353 87
6183024
Kathryn Byrne
+353 85
233 6033
Keith Bayley Rogers & Co. Limited (financial adviser to
IMC Exploration Group plc)
Stephen Clayson
stephen.clayson@kbrl.co.uk
+44
(0)7771 871 847
Brinsley Holman
brinsley.holman@kbrl.co.uk
+44
(0)7776 302 228