9 February
2023
Anglesey Mining
plc
(“Anglesey” or
“the Company”)
Issue of Shares in
respect of Acquisition of 29.8% Stake in Grängesberg
Anglesey Mining plc (AIM:AYM), the UK minerals development
company, is pleased to announce that, further to the Company’s
announcement released on 12 January
2023 regarding the agreement to acquire an additional 29.8%
of Grängesberg Iron AB (“GIAB”), the entity that owns the
Grängesberg Iron Ore Project in Sweden, the acquisition has now completed and
Anglesey will issue 14,544,827 new ordinary shares of nominal value
1 pence each (“Ordinary Shares”) in
the Company at an issue price of 3
pence per share (the “Consideration Shares”) to Roslagen
Resources AB (“Roslagen”).
Application will be made for the Consideration Shares, which
will rank pari passu with the existing Ordinary Shares in the
Company, to be admitted to trading on AIM ('Admission'). It is
expected that Admission will become effective on or around
14 February 2023. The Consideration
Shares shall be held in escrow for 12 months from their date of
issue.
Following Admission, the Company's total issued share capital
will consist of 295,220,548 Ordinary Shares. As such, the total
number of voting rights in the Company will be 295,220,548 Ordinary
Shares. This number may 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 a change to their
interest, in the Company under the FCA's Disclosure and
Transparency Rules.
Following the issue of the Consideration Shares, Roslagen now
holds approximately 4.9% of the issued share capital of the
Company.
For further information, please contact:
Anglesey Mining plc
Jo Battershill, Chief Executive –
Tel: +44 (0)7540 366000
John Kearney, Chairman – Tel: +1 416
362 6686
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Lauren O’Sullivan –
Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666
Scout Advisory Limited
Investor Relations Consultant
Sean Wade – Tel: +44 (0) 7464
609025
LEI: 213800X8BO8EK2B4HQ71