Issue of Equity
First Class Metals PLC has announced the conversion of £47,500 worth of convertible loan notes, resulting in the issuance of 2,941,978 new ordinary shares. This conversion, effective from a notice received on December 17, 2025, will increase the company's total issued share capital to 240,586,199 ordinary shares, with the same number of total voting rights. Admission of these new shares to the Official List and the London Stock Exchange's Main Market is anticipated around January 7, 2026.
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| Notes to be converted: * & ** | 47,500 |
| Value of Notes to be converted: | £47,500 |
| Date of conversion notice: | 17/12/2025 |
| Number of Ordinary shares to be issued to satisfy the conversion | 2,941,978 |
* Notes = 500,000 £1.00 interest-free convertible loan notes
** Using the conversion formula set out in the 12 Nov 2025 announcement
Application will be made to the Financial Conduct Authority ("FCA") for admission of the 2,941,978 new ordinary shares to the Official List (Standard Segment), and to the London Stock Exchange for admission to trading on the Main Market for listed securities (together, "Admission"). Admission is expected to occur on or around 7 January 2026.
Following Admission, the Company's issued share capital will consist of 240,586,199 ordinary shares of 0.1p each, each with one voting right. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 240,586,199. This figure may be used by shareholders as the denominator for calculations by which they will determine if 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.