Pathfinder Minerals Plc Proposed Bonus Shares Timetable (0366L)
01 Septembre 2023 - 8:00AM
UK Regulatory
TIDMPFP
RNS Number : 0366L
Pathfinder Minerals Plc
01 September 2023
1 September 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK Market Abuse Regulation
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Proposed Bonus Shares Timetable
Further to the announcement on 16 August 2023 regarding, amongst
other matters, the Company's proposed issue of Bonus Preference
Shares, the board of directors of Pathfinder (the "Board") is
pleased to announce the timetable associated with the Bonus
Preference Shares.
Event Time and date(1)(2)
Ex date 4 September 2023
Record date for determining 6:00pm on 5 September 2023
entitlement to the Bonus Preference
Shares
In the event that the Claim is successful, a further
announcement will be made by the Company detailing, amongst other
matters, the timings of the distribution of the Bonus Preference
Shares to those shareholders of Pathfinder as at the record date as
well as the settlement date for the transfer of the Bonus
Preference Shares to Pathfinder shareholders.
As reported in the Company's announcement dated 10 December
2021, the valuation ranges prepared by Versant Partners LLC
('Versant') reflects a minimum of US$110 million for an ex-ante
damages award, through to a US$1,500 million for an ex-post damages
award. Under the Share Purchase Agreement signed with AAG,
Pathfinder is entitled to US$30 million or 25% of this damages
award, whichever sum is the greater (the "Preference Amount").
However, in the event that no Preference Amount is received by the
Company pursuant to the Claim, no amount shall be payable to the
holders of the Bonus Preference Shares by the Company. There can be
no guarantee that the Claim will be successful.
Unless the counterparties specifically agree otherwise, a buyer
of the Company's ordinary shares ahead of the ex date (being 4
September 2023) will assume the benefit to the Bonus Preference
Shares, and the seller would need to pass the benefit to the buyer,
even if the seller is the recorded owner at the record date.
Defined terms used but not defined in this announcement have the
meanings set out in the Company's announcement dated 16 August
2023.
Notes:
(1) All references to time in this announcement are to London
(UK) time unless otherwise stated.
(2) The times and dates given are indicative only, based on
pathfinder's current expectations and may be subject to change. If
any of the times or dates above change, Pathfinder will give notice
of the change to the London Stock Exchange and to Pathfinder
Shareholders by issuing an announcement through a Regulatory
Information Service.
Enquiries:
Allenby Capital Limited (Nominated Adviser and Broker)
John Depasquale / Vivek Bhardwaj (Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (Sales & Corporate
Broking)
Tel. +44 (0)20 3328 5656
Vigo Consulting (Investor Relations)
Ben Simons / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigoconsulting.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPBMJTMTMJTBJ
(END) Dow Jones Newswires
September 01, 2023 02:00 ET (06:00 GMT)
Pathfinder Minerals (LSE:PFP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Pathfinder Minerals (LSE:PFP)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024