Rare Earth Minerals PLC: Exercise of Options
October 3, 2013 (Source: Rare Earth Minerals PLC) — Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company announces that it has received notices of the exercise of options (the “Option Exercise”) to subscribe for a total of 36,000,000 new ordinary shares of 0.01p each in the Company (the “New Ordinary Shares”). The exercise price of the options is 0.06 pence each.
Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM (“Admission”). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 9 October 2013.
Following Admission, the Company’s enlarged issued share capital will comprise 3,933,619,049 ordinary shares. The Company does not hold any shares in treasury. This figure of 3,933,619,049 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 and Transparency Rules.
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