At the AGM on 28 June 2019, KEFI Minerals plc (LON: KEFI) passed a resolution approving that each of the currently issued ordinary shares of 1.7p in the capital of the Company be sub-divided into one new ordinary share of 0.1p and one deferred share of 1.6p. With effect from 8 July 2019 at 8.00am, each ordinary share in the Company will therefore have a nominal value of 0.1 pence per share.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM with admission expected to occur on or around 8 July 2019.
Total Voting Rights
The number of New Ordinary Shares in issue remains 680,767,504 which is unchanged from the number of Existing Ordinary Shares. The Deferred Shares will have no value or voting rights and shareholders will not be issued with a share certificate in respect of the Deferred Shares.
Following Admission of the New Ordinary Shares, the total issued share capital of KEFI Minerals plc will consist of 680,767,504 ordinary shares, each with voting rights. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company will, therefore, be 680,767,504 and 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 in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.