Issue of Equity

In brief · summary, not quotable

Aterian Plc has issued 150,200 New Ordinary Shares at a par value of 10p to advisers and suppliers in lieu of fees, increasing its enlarged issued share capital to 16,084,000 Ordinary Shares. These new shares will rank pari passu with existing shares, and an application has been made for their admission to the Official List and trading on the London Stock Exchange, expected around November 26th. This figure of 16,084,000 represents the total voting rights for shareholders to use when determining notification requirements under the FCA's Disclosure Guidance & Transparency Rules.

Full announcement

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Aterian Plc (LSE: ATN), the Africa-focused critical minerals exploration and development company, announces the issue of 150,200 New Ordinary Shares at the par value of 10p to certain advisers and suppliers in lieu of fees.

Accordingly, the Company has issued 150,200 Shares to the providers and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. An application will be made for the New Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange, with admission expected to occur on or around 26 November ("Admission"). Following the issue of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 16,084,000 Ordinary Shares.

Following the issue of the Shares, the Company's enlarged issued share capital will comprise 16,084,000 Ordinary Shares. This figure of 16,084,000 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance & Transparency Rules.

For further information, please visit the Company's website: www.aterianplc.com or contact:

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com

Simon Rollason, Director - simon.rollason@aterianplc.com

Financial Adviser and Joint Broker:

AlbR Capital Limited

David Coffman / Dan Harris

Colin Rowbury

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Adam Cowl

Financial PR:

Bald Voodoo - ben@baldvoodoo.com

Ben Kilbey

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.