Ambrian PLC Cancellation of Ordinary Shares held by Ambrian (4508K)
September 21 2016 - 10:36AM
UK Regulatory
TIDMAMBR
RNS Number : 4508K
Ambrian PLC
21 September 2016
21 September 2016
Ambrian plc
Cancellation of 20,388,179 Ordinary Shares held by Ambrian
plc
Further to the announcement by Ambrian plc (the "Company") on 20
July 2016, the Company confirms that the Board of Directors of the
Company has today passed a resolution to cancel the Company's
holding of 20,388,179 of its own ordinary shares of GBP0.01 each,
with immediate effect.
Such 20,388,179 ordinary shares in the Company were the
remaining 20,388,179 of the aggregate 20,888,179 ordinary shares in
the Company originally acquired by the Company as a result of
certain distributions in May 2015 by Consolidated General Minerals
plc ("CGM") to its shareholders (including the Company) of initial
convertible securities of GBP0.01 each in the Company and second
tranche deferred convertible securities of GBP0.01 each in the
Company issued by the Company on 8 May 2015 to CGM. All such
convertible securities have prior to the date of this announcement
converted (in accordance with their terms) into the same numbers of
ordinary shares of GBP0.01 each in the Company.
Ordinary Shares in issue and Total voting rights
Whilst the cancellation of such 20,388,179 ordinary shares in
the Company has reduced the total number of ordinary shares of
GBP0.01 each in the Company ("Ordinary Shares") now in issue, such
20,388,179 ordinary shares in the Company have not carried voting
rights since the date of their acquisition by the Company.
Of the 265,700,871 Ordinary Shares now in issue, 4,500,058
Ordinary Shares are held by the Company in treasury and a further
aggregate 8,484,466 Ordinary Shares are held by the Company's
wholly-owned subsidiary, Ambrian Metals Limited, all of which
Ordinary Shares do not carry voting rights whilst so held.
Accordingly, the total number of Ordinary Shares in the Company
with voting rights is 252,716,347. This figure of 252,716,347 may
be used by shareholders in the Company as the denominator for
calculations to determine if they have a notifiable interest in the
Company under the Disclosure Guidance and Transparency Rules, or if
such interest has changed.
For further information, please contact:-
Ambrian plc
+44 (0)20 7634
Roger Clegg, COO 4700
Cenkos Securities plc
+44 (0)131 220
Neil McDonald 9771
+44 (0)131 220
Nick Tulloch 9772
This information is provided by RNS
The company news service from the London Stock Exchange
END
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