ALTYN PLC: Capital Reorganisation
20 Novembre 2020 - 12:50PM
UK Regulatory
TIDMALTN
Altyn Plc
("Altyn" or the "Company")
Finalisation of share consolidation and change of name
As described in the circular issued by the Company on 23 October
2020, and following the approval of the relevant resolution by
shareholders of the Company in the General Meeting held on 20
November 2020, the issued share capital of the Company, being
2,733,293,311 ordinary shares of GBP0.001 each at the date of this
announcement, will be consolidated on the basis of 100 ordinary
shares of GBP0.001 each for one new ordinary share of GBP0.10 with
a new ISIN of GB00BMH19X50 ("New Ordinary Shares") (the
"Consolidation").
The Consolidation will result in the 2,733,293,400 ordinary
shares of GBP0.10 each being consolidated into 27,332,934 New
Ordinary Shares with effect from 20 November 2020.
Any fractional entitlements arising on the Consolidation will be
aggregated and sold in the market for the best price reasonably
obtainable and the net proceeds will retained by the Company as
advised in the circular.
The figure of 27,332,934 may be used by shareholders and others
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in the share capital of the Company under
the UK Financial Conduct Authority's Disclosure Guidance and
Transparency Rules, on completion of the consolidation.
An application has been, or will be made for the New Ordinary
Shares, which will have the same rights and will be subject to the
same restrictions as ordinary shares in issue prior to the
Consolidation, to be admitted to the Official List of the United
Kingdom Listing Authority, to trading on the London Stock
Exchange's Main Market for listed securities ("Admission"). It is
expected that the Admission will occur on 23 November 2020.
For shareholders, those holding shares in CREST on the record
date of 20 November 2020 will have their CREST accounts credited
with the New Ordinary Shares on 23 November 2020.
New share certificates will be issued to non-CREST shareholders
in substitution for their existing share certificates. All existing
share certificates will be invalid and will be cancelled and new
share certificates will be dispatched to those shareholders who
hold their shares in certificated form on the record date of 20
November 2020.
The dates and times for the Consolidation are set out below:
Last day to trade in the existing ordinary shares on 20 November 2020
the LSE
Record date in the UK for the Consolidation and the 20 November 2020
disablement of the existing ISIN (6.00 p.m.)
Trading in the New Ordinary Shares under the new ISIN 23 November 2020
on the LSE commences
New Ordinary Shares credited within CREST 23 November 2020
Share certificates dispatched From 23 November 2020
The resolution in relation to the change of name was passed at
the General meeting on 20 November 2020, shareholders will be
updated as the formalities of the name change are finalised.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the main market segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201120005369/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
November 20, 2020 06:50 ET (11:50 GMT)
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