VULC.AQSE

Vulcan Industries PLC
Vulcan Industries - Equity Issue and issue of Warrants
18th May 2023, 08:47
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RNS Number : 8810Z
Vulcan Industries PLC
18 May 2023
 

18 May 2023

 

Vulcan Industries plc

("Vulcan" or the "Company")

 

Equity Issue and issue of Warrants

Equity Issue

Vulcan Industries plc (AQSE: VULC) is pleased to announce that it has raised a total of GBP 25,000 (gross) from existing investors through the issue of 3,333,333 new ordinary shares at a price of 0.75p per share (the 'Placing Shares') under this equity issue.

 

The Company will use the proceeds from the equity issue for general working capital purposes.

 

Issue of Warrants

The Company has also granted to existing investors 7,444,444 warrants to subscribe for new ordinary shares ("Investor Warrants").  The Investor Warrants have a strike price of 1p and expire on 30 September 2024.

 

Admission

Application has been made for the 3,333,333 Placing Shares to be admitted to trading on Aquis Stock Exchange ('Admission'). Admission is expected to occur at 8:00am on or around 25th May 2023.

 

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 873,860,938 ordinary shares of £0.0004 each, with each share carrying the right to one vote.

 

The Company does not hold any ordinary shares in treasury. The above figure of 873,860,938 may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

For further information, visit: https://vulcanplc.com 

The directors of Vulcan accept responsibility for this announcement.

Contacts

Vulcan Industries plc

Via Vox Markets

Ian Tordoff, Chairman




First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)

+44 7876 888 011

Brian Stockbridge






Vox Markets (Media and Investor Relations)

vulcan@voxmarkets.co.uk

Kat Perez

+44 7881 622 830

Paul Cornelius

+ 44 7866 384 707

 

About Vulcan

Vulcan seeks to acquire profitable engineering, manufacturing, and industrial businesses to enhance value by unlocking growth which is not being achieved as a standalone private company. 

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