Client NewsBens Creek Group plc: Exercise of warrants and change to total voting rights
Bens Creek Group plc (AIM:BEN), the owner of a recently re-opened metallurgical coal mine in North America supplying the steel industry, announces that it has received notice for the exercise of warrants to subscribe for 250,000 new ordinary shares of 0.10 pence each in the Company (the “Ordinary Shares”). The exercise price is 10 pence per new Ordinary Share. The warrants were issued to Optiva Securities Limited (“Optiva”) as part of the joint broker engagement letter entered into between Optiva and Bens Creek, details of which were set out in the admission document published by the Company on 13 October 2021. The exercise of Optiva’s warrants will generate proceeds of £25,000 for the Company. Additionally, the Company has received notice from Novum Securities Limited (“Novum”) for the exercise of warrants to subscribe for 85,435 new Ordinary Shares. The exercise price is 10 pence per new Ordinary Share. The warrants were issued to Novum as part of their broking fees for the placing announced on 15 October 2021. The exercise of Novum’s warrants will generate proceeds for the Company of c.£8,543.
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