Issue of New Ordinary Shares & Total Voting Rights
Atlas Metals Group PLC is issuing 5,500,000 ordinary shares at par value to Axis Capital Markets Limited in connection with an "at-the-market" facility, representing approximately 14.27% of the Company's issued ordinary share capital post-admission. These shares will rank pari passu with existing shares and all proceeds will be used to repay a funding facility. Following admission, expected around March 19, 2026, the total number of voting rights in the Company will be 38,532,930.
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Atlas Metals (LSE: AMG), the natural resources and energy company announces that, further to the Company's establishment of an "at-the-market" facility with Axis Capital Markets Limited ("Axis"; "At-the-Market Facility"), application has been made to London Stock Exchange plc ("London Stock Exchange") for the admission of 5,500,000 ordinary shares of nominal value £0.01 each ("Ordinary Shares") to be admitted to trading on the main market for listed securities of London Stock Exchange ("Admission").
5,500,000 Ordinary Shares will be issued to Axis at par value, in connection with the At-the-Market Facility ("ATM Shares"). The ATM Shares are equal to approximately 14.27% of the Company's issued Ordinary Share capital following Admission. When issued, the ATM Shares will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares of the Company. As announced by the Company on 5 March 2026, further to the Company's entry into a funding facility with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global, LP, all proceeds from the At-the-Market Facility will go towards repayment of this funding facility. All Ordinary Shares previously issued pursuant to the At-the-Market Facility have been placed and Axis currently holds no Ordinary Shares.
Admission of the ATM Shares is expected to occur on or around 19 March 2026.
Total voting rights
Following Admission, the Company's issued ordinary share capital will comprise 38,532,930 Ordinary Shares, each carrying one vote. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company following Admission will therefore be 38,532,930. With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.