Disposal
Quantuma Advisory Limited, as joint administrators of The 79th Grp Limited, has entered into a share purchase agreement to sell 48,489,768 ordinary shares, representing approximately 19.0% of First Class Metals PLC's issued share capital. Following this sale, The 79th Grp will retain 30,062,316 ordinary shares, equating to roughly 11.8% of the company's issued share capital.
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596/2014 (THE "UK MAR") WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
Entry into Share Purchase Agreement
Quantuma Advisory Limited (Quantuma), in its capacity as joint administrators of The 79th Grp Limited (79th Grp) alongside Kroll Advisory Limited (the Joint Administrators) is pleased to announce that it has entered into a share purchase agreement with Anthony Charles Harris, Darren Andrew Rowlands and James Charles Ashley Goozee for the proposed sale of 48,489,768 ordinary shares representing approximately 19.0% of the entire issued share capital in First Class Metals PLC (First Class Metals, FCM or the Company), the UK-listed exploration company advancing high-grade, district-scale gold opportunities in Ontario, Canada (the Share Sale).
Following completion of the Share Sale, the 79th Grp will hold 30,062,316 ordinary shares, representing approximately 11.8% of the Company's issued ordinary share capital.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.