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LONDON - Metals One PLC (AIM:MET1), a company specializing in the exploration and development of critical minerals, has announced the issuance of new equity. This move comes as a result of the exercise of Cash Warrants and Prepaid Warrants that were part of an Equity Fundraise initiative previously announced on January 31, 2025.
The company has issued a total of 1,500,000 ordinary shares at 2 pence per share due to the exercise of Cash Warrants. Additionally, the exercise of Prepaid Warrants has resulted in the issuance of 19,350,000 ordinary shares. The combined issuance of 20,850,000 new ordinary shares is set to commence trading on the AIM market of the London Stock Exchange (LON:LSEG), with the expected effective date being 8.00 a.m. on May 19, 2025.
Following the admission of these new shares, Metals One’s issued share capital will increase to 91,004,750 ordinary shares with voting rights. The company has confirmed it does not hold any ordinary shares in treasury. This updated share count provides a new denominator for shareholders to determine their percentage holdings and notification requirements under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This equity issue is a direct follow-up to the company’s general meeting on March 25, 2025, where the shareholder approvals necessary for such actions were obtained. The new shares will rank equally with the existing ordinary shares of Metals One.
Investors and shareholders are expected to monitor these developments closely, as the increase in share capital could potentially influence their investment decisions and the market dynamics around Metals One’s stock. The company has emphasized that this information is based on a press release statement, ensuring transparency and factual reporting of the events.
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