BMR Group PLC Placing and appointment of Joint Broker (9915V)
April 22 2016 - 2:00AM
UK Regulatory
TIDMBMR
RNS Number : 9915V
BMR Group PLC
22 April 2016
BMR Group PLC
("BMR" or the "Company")
Placing and appointment of Joint Broker
BMR Group PLC is pleased to announce that it has raised GBP
395,200 before expenses, by way of a placing of 9,298,823 new
ordinary shares of GBP0.01 (1p) each in the capital of the Company
(the "Placing Shares") at 4.25p per share. Each placee will also
receive for each share subscribed a warrant to subscribe for a
further new ordinary share at 7.0p per share in the 42 days
following publication of BMR's results for the year ending 30 June
2016.
The net proceeds of the placing will be used to provide
additional working capital for BMR's proposed tailings processing
operations in Kabwe.
Application will be made to the London Stock Exchange for the
Placing Shares to be admitted to trading on AIM and it is expected
that admission will become effective and trading will commence on 3
May 2016. The Placing Shares will rank pari passu with the existing
ordinary shares of the Company.
Following the admission of the Placing Shares to trading on AIM,
the Company will have a total of 173,831,728 shares in issue. This
figure 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.
Alex Borrelli, Chairman, commented: "This placing provides BMR
with additional working capital for its proposed tailings
processing operations at Kabwe."
Appointment of Joint Broker
BMR is also pleased to announce that the Company has appointed
Peterhouse Corporate Finance as the Company's joint broker with
immediate effect.
Ends
For further information:
BMR Group PLC 020 7734 6252
Alex Borrelli, CEO and Chairman
WH Ireland Limited (Nomad & Joint Broker) 020 7220 1666
Chris Fielding, Head of Corporate Finance
Peterhouse Corporate Finance (Joint Broker) 020 7469 0930
Lucy Williams/Duncan Vasey/Heena Karani
This information is provided by RNS
The company news service from the London Stock Exchange
END
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