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LONDON - Metals One Plc, a minerals project development company with interests in Finland and Norway, has announced the issuance of new shares following the exercise of Prepaid Warrants and Warrants. The company, listed on the AIM market under the ticker AIM:MET1, disclosed that it would issue 6,508,000 new ordinary shares, which are expected to be admitted for trading on April 22, 2025.
The exercise of Prepaid Warrants, which were part of an Equity Fundraise on January 31, 2025, will result in 6,400,000 ordinary shares, while the exercise of Warrants will account for another 108,000 ordinary shares at a price of 10 pence per share. These shares will rank equally with the existing ordinary shares of the company.
This issuance comes after shareholder approval was granted at the General Meeting on March 25, 2025. Following the admission of these shares, Metals One’s issued share capital will increase to a total of 47,654,750 ordinary shares with voting rights. The company has confirmed that it does not hold any shares in treasury.
Shareholders of Metals One may use the updated figure of 47,654,750 ordinary shares as the denominator for calculations to determine notifications of interest changes in the company’s share capital, in accordance with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This news, based on a press release statement, indicates an expansion in Metals One’s equity base, which could potentially bring additional funds to support its strategic minerals projects in the Nordic region. The company has corrected an earlier announcement to clarify that no shares are held in treasury.
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