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LONDON - Metals One PLC (AIM:MET1), a company specializing in mineral exploration and development, has announced the upcoming issuance of 11,700,000 new ordinary shares following the exercise of cash and prepaid warrants. The warrants were part of an equity fundraising effort that the company made public on January 31, 2025.
The new shares, which will be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG), are expected to commence trading at 8:00 a.m. on June 9, 2025. These shares will be issued at a price of 2 pence per share and will rank equally with the existing ordinary shares.
This issuance will bring the total issued share capital of Metals One to 132,897,750 ordinary shares with voting rights. The company has confirmed that it does not hold any ordinary shares in treasury. Consequently, this total issued share capital figure will serve as the denominator for shareholders when calculating notifications of their interest in the company’s shares, in accordance with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The exercise of these warrants and the subsequent increase in share capital are direct results of the shareholder authorities granted during the General Meeting held on March 25, 2025.
The information for this article is based on a press release statement from Metals One PLC.
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