Issue of Equity & Total Voting Rights
First Class Metals PLC has announced the conversion of £70,000 worth of convertible loan notes, resulting in the issuance of 4,303,349 new ordinary shares. This conversion, effective from a notice received on January 2, 2026, will increase the company's total issued share capital to 244,889,548 ordinary shares, each carrying one voting right. Admission of these new shares to the Official List and the Main Market of the London Stock Exchange is anticipated around January 9, 2026.
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| Notes to be converted: * & ** | 70,000 |
| Value of Notes to be converted: | £70,000 |
| Date of conversion notice: | 02/01/2026 |
| Number of Ordinary shares to be issued to satisfy the conversion | 4,303,349 |
* 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 4,303,349 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 9 January 2026.
Following Admission, the Company's issued share capital will consist of 244,889,548 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 244,889,548. 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.