Xtract Resources plc Application update (2357H)

TIDMXTR

RNS Number : 2357H

Xtract Resources plc

22 November 2022

For immediate release

22 November 2022

Xtract Resources Plc

("Xtract" or the "Company")

Application update

The Board of Xtract announces that application to trading on AIM on or around 29 November 2022 ("Admission") has now been made for 5,362,229 new Ordinary Shares issued at a price of 3.23p per Ordinary Share, issued in settlement of accrued outstanding remuneration in relation to 2021, due to certain Directors and employees of the Company ("Settlement Shares") and the issue of 619,195 new Ordinary Shares ("Creditor Settlement Shares") issued at a price of 3.23p per Ordinary share, in aggregate amounting to 5,981,424 new Ordinary Shares ("New Shares"), as announced on 4 November 2022. The New Shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

Total Voting Rights

On Admission, the Company's issued share capital consists of 856,375,115 ordinary shares of 0.02p each with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 856,375,115. The above figure of 856,375,115 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.

A copy of this announcement: www.xtractresources.com

Enquiries :

 
 Xtract Resources Plc         Colin Bird,           +44 (0)20 3416 6471 
                               Executive Chairman    www.xtractresources.com 
 Beaumont Cornish Limited     Roland Cornish        +44 (0)207628 3369 
  Nominated Adviser            Michael Cornish       www.beaumontcornish.co.uk 
  and Joint Broker             Felicity Geidt 
 
   Novum Securities Limited     Jon Bellis            +44 (0) 207 399 9427 
   Joint Broker                 Colin Rowbury         www.novumsecurities.com

ENDS

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November 22, 2022 07:21 ET (12:21 GMT)

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