AIM Schedule One - Anglesey Mining plc (4985E)
11 Mars 2022 - 11:00AM
UK Regulatory
TIDMAYM
RNS Number : 4985E
AIM
11 March 2022
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
COMPANY NAME:
Anglesey Mining plc
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
Tower Bridge House, St Katharines Way, London, E1W 1DD
COUNTRY OF INCORPORATION:
United Kingdom
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
https://www.angleseymining.co.uk/
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
Anglesey Mining plc ("Anglesey" or the "Company") is a UK mining
company currently listed on the Premium segment of the Official
List of the Financial Conduct Authority and is admitted to
trading on the Main Market of the London Stock Exchange. Anglesey
was incorporated in 1984.
Anglesey's principal asset is a 100% interest in the Parys
Mountain copper-zinc-lead-gold-silver project on the island
of Anglesey in North Wales. Anglesey is currently exploring
and developing the property, which has a high potential for
the discovery of additional mineral resources through the development
of a new, modern mine in an environmentally sustainable manner.
In addition, Anglesey holds minority interest in two Iron assets
being a 20% interest, and management rights to the Grangesberg
Iron project in Sweden, together with a right of first refusal
to increase its interest by a further 50.1%. Anglesey also
holds a 12% interest in Labrador Iron Mines Holdings Limited
(whose shares are traded on OTC Markets) which holds direct
shipping iron ore deposits in Labrador and Quebec.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
248,070,732 Ordinary Shares of GBP0.01 each in the capital
of the Company.
There are no restrictions as to the transferability of the
Ordinary Shares.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
No target fundraise anticipated.
Expected market cap on admission: Current market capitalisation
is c.GBP9 million.
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
Approx. 23.3% (59.7 million shares)
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE
OR WILL BE ADMITTED OR TRADED:
No application to any other Exchange will be made
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
Existing Directors
John Kearney ("John") (Chairman)
Jonathan Battershill ("Jo") (Chief Executive Officer)
Derek William ("Bill") Hooley (Deputy Chairman / Non-Executive
Director)
Howard Miller ("Howard") (Non-Executive Director)
Danesh Varma ("Danesh") (Non-Executive Director)
Namrata Verma ("Namrata") (Independent Non-Executive Director)
Andrew King ("Andrew") (Independent Non-Executive Director)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
Name Number of Ordinary Percentage of Percentage of
Shares Issued Share Issued Share
Capital Before Capital After
Admission Admission
Juno Limited 57,924,248 23.3% 23.3%
------------------- ---------------- ---------------
Monecor (London)
Limited (trading
as ETX Capital) 11,528,383 4.65% 4.65%
------------------- ---------------- ---------------
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
N/A
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
(i) 30 September 2021
(ii) n/a
(iii) 30 September 2022 (for its annual audited accounts for
the year ended 31 March 2022), 31 December 2022 (for its unaudited
interim accounts for the six months ended 30 September 2022)
and 30 September 2023 (for its annual audited accounts for
the year ended 31 March 2023)
EXPECTED ADMISSION DATE:
8 April 2022
NAME AND ADDRESS OF NOMINATED ADVISER:
Davy Corporate Finance, Davy House, 49 Dawson Street, Dublin
2, Ireland
NAME AND ADDRESS OF BROKER:
J&E Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
N/A - applicant is a quoted applicant
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO
APPLY
QCA Corporate Governance Code
DATE OF NOTIFICATION:
11 March 2022
NEW/ UPDATE:
New
QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:
THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S
SECURITIES HAVE BEEN TRADED:
Premium listing segment of the Official List, trading on the
London Stock Exchange's main market for listed securities
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO
TRADED:
18 May 1988
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT
HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED
IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET OR DETAILS
OF WHERE THERE HAS BEEN ANY BREACH:
The Company confirms, following due and careful enquiry, that
it has adhered to all legal and regulatory requirements applicable
to companies whose securities are admitted to listing on the
FCA's Official List and to trading on the London Stock Exchange's
main market for listed securities.
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS
WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS
(IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:
https://www.angleseymining.co.uk/
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
STRATEGY:
Anglesey Mining plc is a minerals exploration and development
company. Its key assets are the Parys Mountain Cu-Zn-Pb-Ag-Au
deposit on the isle of Anglesey and a 20% holding in the Grängesberg
Iron Ore Project in Sweden (with a right of first refusal to
acquire an additional 50%). Following admission to AIM, the
company intends to progress the Parys Mountain project through
additional geological, mining and metallurgical studies including
a Feasibility Study. At Grängesberg, the company is currently
completing a Pre-Feasibility Study, which should ultimately
lead to Feasibility Study programme.
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING
POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE
BEEN PUBLISHED:
Save as disclosed in the Company's interim report for the six
months ended 30 September 2021 and dated 12 November 2021,
there has been no significant change in the financial or trading
position of Anglesey Mining since 31 March 2021, being the
end of the last financial period for which audited financial
statements have been published.
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON
TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT OR ITS
GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM
THE DATE OF ITS ADMISSION:
The Directors have no reason to believe that the working capital
available to the Company or the Group will be insufficient
for at least 12 months from the date of its admission to AIM
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE
AIM RULES:
N/A
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S
SECURITIES:
Settlement will continue to be through the Euroclear System
for dealings in ordinary shares held in uncertificated form.
Ordinary shares can also be dealt with in certificated form.
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S
SECURITIES:
https://www.angleseymining.co.uk/
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT
WHICH IS NOT CURRENTLY PUBLIC:
Information is contained within the Appendix to this Schedule
One announcement, available on the Company's website at https://www.angleseymining.co.uk/
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST
ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND INTERIM
RESULTS WHERE APPLICABLE. THE ACCOUNTS MUST BE PREPARED IN
ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM
RULE 19:
https://www.angleseymining.co.uk/
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:
As at the date of this Schedule One announcement, there are
no ordinary shares held in treasury.
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END
PAAKZGMFRMDGZZG
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March 11, 2022 05:00 ET (10:00 GMT)
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