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LONDON - Critical Metals PLC (LSE:CRTM) has conditionally raised £956,482 through a share offer at a price of £0.02 per share, according to a press release statement issued Friday.
The mining company secured £79,035 via a subscription of 3,951,750 new ordinary shares through its Bookbuild platform retail offer. An additional £263,526 was raised from applications for 13,176,307 new shares from convertible note holders and shareholders who couldn’t access the Bookbuild platform.
NIU Invest SE, which had conditionally committed to invest up to £956,482, will now subscribe for 30,696,043 new shares following the claw back to satisfy retail applications.
The completion of the share issue remains subject to several conditions, including shareholder approval at the company’s General Meeting on August 4, Financial Conduct Authority approval of a Simplified Prospectus, and admission of the new shares to the Official List.
Upon completion of the share issuance and other share issues detailed in the company’s July 16 circular, NIU Invest SE will hold 61,402,390 shares, representing 60.3% of Critical Metals’ enlarged share capital.
The company expects admission of the new ordinary shares to take place around August 8. The new shares, when issued and fully paid, will rank equally with existing ordinary shares and will be eligible for all dividends or distributions declared after issuance.
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