Issue of Equity/Options Grant/TVR
Capital Metals PLC has issued 153,595 Ordinary shares to Hannam & Partners for corporate broking and research fees, valued at £7,800.00, and granted share options to its technical manager for 500,000 Ordinary shares, with 250,000 vesting on the first anniversary and 250,000 on the second, both at an exercise price of 5 pence. Following the admission of these new shares, expected around June 18, 2026, the company's total issued share capital will be 492,299,412 Ordinary shares, each carrying one voting right.
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Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), announces it has issued 153,595 Ordinary shares to Hannam & Partners in consideration of corporate broking and research fees at an issue price of £0.050783 per share (equal to £7,800.00) ("Fee Shares"), based on the 30-day volume-weighted average price of the Company's shares from 14 April 2026 to 27 May 2026.
The Company has also granted share options to subscribe for 500,000 new Ordinary shares in the Company to the Company's technical manager. The Options will be exercisable on the terms below for up to five years from the date of grant, subject to the following vesting conditions having been satisfied:
- 250,000 Options with an exercise price of 5 pence per share to vest on the first anniversary of the date of grant; and
- 250,000 Options with an exercise price of 5 pence per share to vest on the second anniversary of the date of grant.
Admission and Total Voting Rights
Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Fee Shares will commence at 8.00 a.m. on or around 18 June 2026. The Fee Shares will rank pari passu with the ordinary shares of the Company in issue.
Following Admission, the Company's issued share capital will comprise 492,299,412 Ordinary shares, each carrying one voting right. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.