Contango Holdings PLC Exercise of Warrants (8697Q)
November 01 2021 - 3:00AM
UK Regulatory
TIDMCGO
RNS Number : 8697Q
Contango Holdings PLC
01 November 2021
Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural
Resources
Contango Holdings Plc ('Contango' or the 'Company')
1 November 2021
Exercise of Warrants
Contango Holdings Plc, the London listed natural resource
development company, announces that it has received notices to
exercise warrants for 7,333,329 ordinary shares ("Ordinary
Shares"), for which funds of GBP303,333.13 have been received (the
"New Shares"). An application has been made for the New Shares to
be admitted to the official list and to trading on the London Stock
Exchange with effect from 8.00 a.m. on 4 November 2021
("Admission").
Expiration of Warrants
The Company issued warrants during its initial listing as an
investment company ("IPO Warrants") in November 2017 that have now
expired with effect from today. The Company has raised a total of
GBP1.025 million from the exercise of the IPO Warrants during 2021
which supports the ongoing work programmes at the Lubu Coking Coal
Project and the Garalo-Ntiela Gold Project.
The only warrants that remain outstanding are 3,200,000 broker
warrants granted to Brandon Hill Capital in October 2020 during a
capital raise. The warrants are exercisable at 5p and expire on 19
October 2023.
Total Voting Rights
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, the Company confirms that following Admission,
the Company's enlarged issued ordinary share capital will comprise
267,758,266 Ordinary Shares. The Company does not hold any Ordinary
Shares in Treasury. Therefore, following Admission, the above
figure may be used by shareholders in the Company as the
denominator for the calculations to 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.
**ENDS**
For further information, please visit
www.contango-holdings-plc.co.uk or contact:
Contango Holdings plc E: contango@stbridespartners.co.uk
Chief Executive Officer
Carl Esprey
Brandon Hill Capital Limited T: +44 (0)20 3463 5000
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd E: info@stbridespartners.co.uk
Financial PR & Investor Relations
Susie Geliher
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END
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