Client News
Altona Rare Earth PLC – Issue of EquityAltona (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, announces that it has issued 1,000,000 new ordinary shares at a price of 5 pence per share (the “Shares”), to Christian Taylor-Wilkinson, Business Development Officer of the Company, in settlement of fees relating to services provided in 2021 by Leander PR Ltd, a company where he is a director. Following the issue of Shares, Mr Taylor-Wilkinson owns an interest in 4,862,371 Altona shares, representing 5.83% of the issued capital of the Company.
Altona has also issued 33,600 Shares to a service provider, in settlement of outstanding fees.
Admission and Total Voting Rights
Application is being made for the new ordinary shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to be on or around 17 July 2023. Following this issue of 1,033,600 Shares, which will rank pari passu with the Company’s existing Ordinary Shares, the Company’s enlarged share capital and total voting rights in the Company will comprise 83,436,799. The Company has no shares held in Treasury. This figure of 83,436,799 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities (PDMR) and persons closely associated with them.
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Christian Taylor-Wilkinson |
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2. |
Reason for the notification |
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a) |
Position/status: |
Business Development Officer |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
Altona Rare Earths Plc |
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b) |
LEI: |
2138002A5GU9BFS2I491 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of £0.01 ISIN Code: GB00BFZNKV91 |
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b) |
Nature of the transaction: |
Acquisition of Ordinary Shares |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: |
N/A |
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e) |
Date of the transaction: |
11 July 2023 |
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f) |
Place of the transaction: |
Outside of a trading venue |
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Issue of Equity – 07:00:06 12 Jul 2023 – REE News article | London Stock Exchange
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