Client NewsBens Creek Group plc: Exercise of warrants and change to total voting rights
Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces that it has received notice of exercise for warrants to subscribe for 1,500,000 new ordinary shares of 0.10 pence each in the Company (“Ordinary Shares”) at a price of 10 pence per new Ordinary Share. The warrants were issued to Optiva Securities Limited as part of broking fees for the placing announced on 15 October 2021 and represents the price of the shares at the time of placing. The exercise of these warrants will generate proceeds of £150,000 for the Group.
Application has been made for the 1,500,000 new Ordinary Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will occur on or around 3 December 2021.
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