RNS Number : 5754E
Kendrick Resources PLC
18 September 2024
 

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18 September 2024

Kendrick Resources Plc
("Kendrick" or the "Company")

Issue of Equity and TVR

 

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development company building nickel, vanadium, and copper battery metal projects in Scandinavia, announces that it has issued 6,365,385 new ordinary shares of £0.0003 ("Ordinary Shares") to settle £46,000 of accrued fees due to consultants as per the table below:

 

Period

Fees

Issue price

No. of shares

12 mths to 31 August 2024

 £          30,000

 £      0.00650

       4,615,385

12 months to 2 May 2024

£          16,000

£      0.00914

       1,750,000

 

Application to trading: Applications will be made to the Financial Conduct Authority ("FCA") and the London Stock Exchange for the 6,365,385 new Ordinary Shares, to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on or around 24 September 2024.

 

Issued Share Capital: Following the issue of the 6,365,385 new Ordinary Shares, the Company's total issued share capital will consist of 250,248,152 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

 

Total Voting Rights On Admission, the above mentioned figure of 250,248,152 Ordinary Shares may be used by shareholders in the Company 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, African Pioneer under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

For additional information please contact:

 

Kendrick Resources Plc:

Chairman

 

Tel: +44 2039 616 086

Colin Bird

Novum Securities

Financial Adviser

Joint Broker

Tel: +44 207 399 9400

David Coffman / George Duxberry

Jon Bellis

 

Shard Capital Partners LLP

Joint Broker

Tel: +44 207 186 9952

Damon Heath / Isabella Pierre

 



 

 


 

About Kendrick Resources Plc

Kendrick Resources Plc is a mineral exploration and development company with projects primarily based across Scandinavia. The principal of its business is to explore the opportunities within the natural resources sector with a focus on battery, base, and precious metals including but not limited to vanadium and nickel. In doing so, the Company is looking to build a long term energy metals business in Scandinavia which delivers energy metals to Europe to help enable its renewable energy transformation by building a top tier energy metals production business.

 



 

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