Investegate |Capital Metals PLC Announcements | Capital Metals PLC: Annual Results for year end 31 March 2021 investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
( EPO or the Company ) Change of Name and Ticker The Change of Name to Capital Metals plc has now been confirmed at the Registrar of Companies. The Company s ticker is expected to change from PAL to CMET with effect from 14 January 2021. Total Voting Rights Following readmission earlier today of the enlarged share capital following the reverse takeover of Capital Metals Limited, for the purposes of the Disclosure Guidance and Transparency Rules, the Company s total issued share capital consists of 172,188,875 ordinary shares of 0.2 pence each. The above 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 Disclosure Guidance
The six months ended 30 September 2020 and subsequent period, have been transformative for CML towards the achievement of its objectives to list on a renowned international stock exchange for resource companies, and procurement of funding to significantly advance the Development Study and Work Programme of the Eastern Minerals Project in Sri Lanka (the Project ), the principal asset of CML. On 21 October 2020, EPO announced that it had reached conditional agreement with parties holding a majority of the shares (51.4 per cent.) ( CML Majority ) in the Company, for EPO to acquire their shares in CML in exchange for ordinary shares in EPO. This proposed acquisition ( Proposed Acquisition ) constitutes a reverse takeover transaction pursuant to the AIM Rules for Companies. Following the Proposed Acquisition, the Company s business will constitute all of EPO s business.