URU Metals Limited Issue of shares to PDMRs and adviser (5463G)
26 Novembre 2020 - 8:00AM
UK Regulatory
TIDMURU
RNS Number : 5463G
URU Metals Limited
26 November 2020
26 November 2020
URU Metals Limited (LON: URU) ("URU" or "the Company")
Issue of shares to PDMRs and adviser
URU has today issued 32,858 depositary interests of no par value
each ("Ordinary Shares") in the share capital of the Company at a
price of 245 pence per Ordinary Share, being the closing mid-market
price of Ordinary Shares on 25 November 2020, to several persons
discharging managerial responsibilities in the Company (the "PDMR
Shares") for a notional value of GBP80,500 in aggregate. The PDMR
Shares have been issued to Jay Viera (9,388 Ordinary Shares), Kyle
Appleby (9,388 Ordinary Shares) and Marrelli Support Services Inc.
(14,082 Ordinary Shares), for the services of Jing Peng as CFO to
Marrelli Support Services Inc. in lieu of unpaid directors fees and
salary that were due for payment in cash. The unpaid fees and
salary have been accrued over several years and have been disclosed
in the Company's audited financial report and accounts.
URU has also today issued 5,380 new Ordinary Shares at a
notional price of 230 pence, being the placing price of the equity
raising announced on 24 November 2020, to an adviser of the Company
in lieu of fees that were due in cash.
Related Party Transaction
The issue of new Ordinary Shares to Jay Viera, Kyle Appleby and
to Marreli Support Services Inc. constitutes a related party
transaction pursuant to AIM Rule 13 of the AIM Rules for Companies.
John Zorbas, a Director of the Company who is independent of the
transaction, having consulted with SP Angel, the Company's
nominated adviser, consider the issue of the new Ordinary Shares to
Jay Viera, Kyle Appleby to be fair and reasonable insofar as the
Company's shareholders are concerned.
Application for Admission
The new Ordinary Shares will rank pari passu in all respects
with the existing ordinary shares of no par value in the capital of
the Company. Application will be made to the London Stock Exchange
for 38,238 new Ordinary Shares to be admitted to trading on AIM
('Admission'). It is expected that Admission will become effective
on or around 2 December 2020.
As a result of the issue of the new Ordinary Shares as described
above, the issued share capital of the Company now consists of
1,646,691 ordinary shares of no-par value and this number will
represent the total voting rights in the Company and may be used by
shareholders as the denominator for the calculation by which they
can determine if they are required to notify their interest in, or
a change to their interest in, the Company.
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat
+ 44 (0) 203 470 0470
Dealings by Persons Discharging Managerial Responsibilities
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1) Jay Viera
2) Kyle Appleby
3) Marrelli Support Services Inc.
----------------------- --------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status 1) Non-executive Chairman
2) Non-executive Director
3) Provider of financial services to the Company
----------------------- --------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name URU Metals Limited
----------------------- --------------------------------------------------------
b) LEI 213800ZPHWT9VE1H1Q84
----------------------- --------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
---------------------------------------------------------------------------------
a) Description Depositary interests of no par value each
of the financial
instrument,
type of instrument
Identification ISIN: VGG930042012
code
b) Nature of the 1. Issue of shares in lieu of cash fees due and
transaction payable
2. Issue of shares in lieu of cash fees due and
payable
3. Issue of shares in lieu of cash fees due and
payable
----------------------- --------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1. 245 pence 9,388
----------
2. 245 pence 9,388
----------
3. 245 pence 14,082
----------
----------------------- --------------------------------------------------
d) Aggregated Price(s) Volume(s)
information 1. 245 pence 9,388
----------
2. 245 pence 9,388
----------
3. 245 pence 14,082
----------
- Aggregated Single transactions as above
volume
- Price 245 pence
e) Date of the 26 November 2020
transaction
----------------------- --------------------------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- --------------------------------------------------------
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END
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November 26, 2020 02:00 ET (07:00 GMT)
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