Vulcan Industries Plc - Equity Issue PR Newswire

04 January 2022

Vulcan Industries plc

(“Vulcan” or the “Company”)

Equity Issue

Equity Issue

Vulcan Industries plc (AQSE: VULC) is pleased to announce that it has agreed to settle outstanding professional fees through the issue of 4,000,000 new ordinary shares at 1.8p per share (the ‘Fee Shares’) under this equity issue.

The professional fees were for services from Pello Capital Limited. These were subject to dispute and a provision of £62,000 was made and disclosed in note 26 of the Annual Report for the year ended 31 March 2021.

Admission

Application has been made for the 4,000,000 Fee Shares  to be admitted to trading on Aquis Stock Exchange (‘Admission’). Admission is expected to occur at 8:00am on or around 6th January 2022.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 393,991,285 ordinary shares of £0.0004 each, with each share carrying the right to one vote.

The Company does not hold any ordinary shares in treasury. The above figure of 393,991,285 may therefore 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 of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

For further information, visit: https://vulcanplc.com 

Contacts

Vulcan Industries plc Via Vox Markets
Ian Tordoff, Chairman
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) +44 7876 888 011
Brian Stockbridge
Gabrielle Cordeiro
Vox Markets (Media and Investor Relations) vulcan@voxmarkets.co.uk
Kat Perez +44 7881 622 830
Paul Cornelius + 44 7866 384 707

About Vulcan

Vulcan seeks to acquire and consolidate traditional but historically profitable engineering, manufacturing, and industrial SMEs for value and to enhance this value in part through group synergies, but primarily by unlocking growth which is not being achieved as a standalone private company.