Vulcan Industries Plc Issue of Equity and Vendor Warrants
June 23 2022 - 1:01PM
UK Regulatory
TIDMVULC
23 June 2022
Vulcan Industries plc
("Vulcan" or the "Company")
Issue of Equity and Vendor Warrants
Vulcan Industries plc (AQSE: VULC) is pleased to announce that pursuant to the
announcement of 24 March 2022 in respect of its acquisition of Aftech Limited
it has allotted the remaining 23,307,433 shares ("Consideration Shares"). In
addition, it has issued the 24,661,487 Vendor Warrants which have an exercise
price of 3p and an expiry date of 30 June 2023.
The Company has also allotted 6,513,216 shares ("Fee Shares") in settlement of
fees amounting to £68,537.
The Company also announces that it has raised a total of GBP74,000 (gross) from
existing investors through the issue of 7,400,000 shares (the "Placing
Shares").
The Company will use the proceeds from the Placing for general working capital
purposes.
Admission
Application has been made for the 37,220,649 Consideration, Fee and Placing
Shares is to be admitted to trading on Aquis Stock Exchange ("Admission").
Admission is expected to occur at 8:00am on or around 30th June 2022.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise
567,052,050 ordinary shares of £0.0004 each, with each share carrying the right
to one vote.
The Company does not hold any ordinary shares in treasury. The above figure of
567,052,050 may therefore 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 of a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
For further information, visit: https://vulcanplc.com
The directors of Vulcan accept responsibility for this announcement.
Contacts
Vulcan Industries plc Via Vox Markets
Ian Tordoff, Chairman
First Sentinel Corporate Finance Ltd (AQSE +44 7876 888 011
Corporate Adviser)
Brian Stockbridge
Steve McGlennan
Vox Markets (Media and Investor Relations) vulcan@voxmarkets.co.uk
Kat Perez +44 7881 622 830
Paul Cornelius + 44 7866 384 707
About Vulcan
Vulcan seeks to acquire and consolidate traditional but historically profitable
engineering, manufacturing, and industrial SMEs for value and to enhance this
value in part through group synergies, but primarily by unlocking growth which
is not being achieved as a standalone private company.
Forward Looking Statements
This news release may contain "forward-looking" statements and information
relating to the Company. These statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available
to Company management. The Company does not undertake to update forward-looking
statements or forward-looking information, except as required by law.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
END
(END) Dow Jones Newswires
June 23, 2022 13:01 ET (17:01 GMT)
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