Issue of Equity & Total Voting Rights
First Class Metals PLC has announced the final conversion of its £500,000 interest-free Convertible Loan Note facility, with £17,500 of notes converted into 2,189,690 new Ordinary Shares. This conversion marks the full repayment of the facility, with no outstanding amounts remaining. The new shares are expected to be admitted to trading on the London Stock Exchange on or around March 16, 2026, bringing the total issued ordinary share capital to 282,523,058 shares, each with equal voting rights.
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This conversion represents the final tranche of the £500,000 interest-free Convertible Loan Note facility announced on 12 November 2025. Following this conversion, the facility has now been fully converted into equity and no further amounts remain outstanding under this instrument
| Notes to be converted: * & ** | 17,500 |
| Value of Notes to be converted: | £17,500 |
| Date of conversion: | 6 March 2026 |
| Number of Ordinary shares to be issued to satisfy the conversion | 2,189,690 |
* 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 London Stock Exchange for the 2,189,690 new Ordinary shares to be admitted to trading on the Main Market for listed securities ("Admission") and it is expected that such Admission will take place at 8.00 a.m. on or around on 16 March 2026.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the above new Ordinary shares, its issued ordinary share capital will comprise 282,523,058 Ordinary Shares. All the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 282,523,058. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.