URA Holdings PLC Placing, Subscription and CLN to raise GBP330,000 (2638A)
23 5월 2023 - 3:00PM
UK Regulatory
TIDMURAH
RNS Number : 2638A
URA Holdings PLC
23 May 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
URA Holdings plc
('URA' or 'the Company')
Placing and Subscription to raise GBP280,000 in ordinary shares
and GBP50,000 by way of a convertible loan note (the
"Fundraise")
URA is pleased to announce that it has raised GBP280,000 (before
expenses) through a placing and subscription, issuing in aggregate
14,000,000 new ordinary shares in the capital of the Company ("New
Ordinary Shares") at an issue price of 2p per New Ordinary Share.
The placing and subscription elements of the Fundraise were
oversubscribed and were limited by the maximum amount the Company
can currently place within its existing disapplication of
pre-emption rights authority.
In addition, the Company has also raised GBP50,000 by way of a
convertible loan note (the "CLN") with Austin Acquisitions 1
Limited that will convert automatically following the next annual
general meeting ("AGM") of the Company (expected to be held on or
before 30 June 2023) subject to the approval by shareholders at the
AGM of a resolution to disapply pre-emption rights in respect of
the shares to be issued on conversion of the CLN . The CLN was
utilised to allow additional new investors to participate in the
overall Fundraise, which the Board considered an important
development in diversifying the Company's shareholder base and
facilitating participation by new investors.
The Fundraise was conducted at a 10% discount to the mid-market
closing price on 19 May 2023 and is within the existing authority
to issue shares for cash on a non pre-emptive basis.
The proceeds of the Fundraise will be used to place orders for
critical equipment required for the restart of mining operations at
the Gravelotte Emerald Mine and for general working capital. The
main item that will be ordered is the Tomra optical sorter that
needs to be custom manufactured in Germany to the specification
required based on test work already conducted on material from the
Gravelotte mine. The new equipment will take some time to
manufacture and commission but will then enable the Company to
bring Gravelotte quickly back into production.
Ed Nealon, Chairman of URA Holdings Plc commented:-
"I am pleased to announce a successful Fundraise which has been
oversubscribed in difficult market conditions. We welcome the
participation of new shareholders and participation in the CLN by
Austin Acquisitions 1 Limited, a personal investment company of Mr
Andrew Austin, which we believe speaks highly of confidence in our
strategy and plans. We look forward to progressing into the next
phase of mine development to bring forward our planned early move
back into production. We remain extremely excited for the future of
the Company."
Additional information
CLN
Austin Acquisitions 1 Limited have subscribed for GBP50,000 of
CLNs convertible into ordinary shares in the Company. The CLNs are
convertible at GBP0.02 per share into 2,500,000 ordinary shares and
will be converted automatically immediately following the next AGM
of the Company (expected to be held on or before 30 June 2023
subject to the approval by shareholders resolution to disapply
pre-emption rights in respect of the shares to be issued on
conversion of the CLN.. In the event that such resolution is not
approved by shareholders, the CLN will be immediately repayable and
carry interest at a rate of 15% per annum from the date of issue,
if no conversion takes place before 30 June 2023. The CLN will be
non-interest bearing in the event that conversion occurs following
shareholder approval.
Application for Admission
Application will be made for the Placing and Subscription Shares
to be admitted to trading on the Main Market of the London Stock
Exchange. It is expected that admission will become effective on 29
May 2023.
The New Ordinary Shares will, on admission, rank pari passu in
all respects with the ordinary shares currently in issue and will
rank in full for all dividends and other distributions hereafter
declared, paid or made on the ordinary share capital of the
Company.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company will
have 155,845,590ordinary shares in issue, each share carrying the
right to one vote.
This figure of 155,845,590 ordinary shares 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 in their interest in, the share capital of
the Company under the FCA's Guidance Disclosure and Transparency
Rules.
-Ends-
URA Holdings plc +44 (0)746 368 6497
CEO
Bernard Olivier
info@uraholdingsplc.co.uk
COO
Jeremy Sturgess-Smith
Peterhouse Capital Limited
Corporate Broker
Lucy Williams
Duncan Vasey +44 (0)20 7469 0930
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------
a) Name Edward Nealon
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chairman
--------------------- -----------------------------------------------
b) Initial notification Initial
/Amendment
--------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
----------------------------------------------------------------------
a) Name URA Holdings plc
--------------------- -----------------------------------------------
b) LEI 213800U6Z250COBY7781
--------------------- -----------------------------------------------
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 Ordinary Shares
instrument,
type of instrument
Identification ISIN: GB00BD2B4T80
code
--------------------- -----------------------------------------------
b) Nature of Subscription for ordinary shares
the transaction
--------------------- -----------------------------------------------
c) Price(s) 2,825,000 Ordinary Shares at GBP0.02 per share
and volume(s)
--------------------- -----------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- -----------------------------------------------
e) Date of the 22 May 2023
transaction
--------------------- -----------------------------------------------
f) Place of Off Market
the transaction
--------------------- -----------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------
a) Name Peter Redmond
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------- -----------------------------------------------
b) Initial notification Initial
/Amendment
--------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
----------------------------------------------------------------------
a) Name URA Holdings plc
--------------------- -----------------------------------------------
b) LEI 213800U6Z250COBY7781
--------------------- -----------------------------------------------
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 Ordinary Shares
instrument,
type of instrument
Identification ISIN: GB00BD2B4T80
code
--------------------- -----------------------------------------------
b) Nature of Subscription for ordinary shares
the transaction
--------------------- -----------------------------------------------
c) Price(s) 750,000 Ordinary Shares at GBP0.02 per share
and volume(s)
--------------------- -----------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- -----------------------------------------------
e) Date of the 22 May 2023
transaction
--------------------- -----------------------------------------------
f) Place of Off Market
the transaction
--------------------- -----------------------------------------------
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END
IOESEWFAEEDSEII
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