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POLYMETALS RESOURCES LTD — Share Issue/Capital Change 2022
Jan 16, 2022
65598_rns_2022-01-16_3000e0d3-f42d-49f5-aab8-af863af2fc98.pdf
Share Issue/Capital Change
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ASX Announcement
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17 January 2022
Release of shares from escrow
Polymetals Resources Ltd (ASX: POL ) (“Polymetals”, or “the Company”) advises that in accordance with ASX Listing Rule 3.10A, a total of 150,001 fully paid ordinary shares will be released from ASX imposed mandatory escrow on 15 January 2022, 17 January 2022, 19 January 2022 and 20 January 2022 (“Escrowed Shares”).
The Escrowed Shares will be released in four separate tranches, which are as follows:
| Date of release | Ordinary shares released fromescrow | |
|---|---|---|
| 15 January 2022 | 16,667 | |
| 17 January 2022 | 16,667 | |
| 19 January 2022 | 50,000 | |
| 20 January 2022 | 66,667 | |
| Total | 150,001 |
Following the release of the Escrowed Shares, Appendix 1 sets out the remaining shares held in the Company that are subject to either ASX imposed mandatory escrow arrangements or voluntary escrow arrangements.
The Company will be applying for quotation of the Escrowed Shares upon their date of release, in accordance with the ASX Listing Rules. The Company notes that there will be no change to the issued capital in the Company as a result of the Escrowed Shares.
Authorised for Release
This ASX annoucement was authorised for release by Vince Fayad, Company Secretary.
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For more information:
| Alex Hanly | Victoria Humphries |
|---|---|
| Chief Executive Officer | Media & Investor Relations |
| [email protected] | [email protected] |
| +61 (0) 448 418 725 | +61 (0) 431 151 676 |
For more information, visit www.polymetals.com.
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Page 1 of 2 | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com
ASX Announcement
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Appendix 1
Remaining Shares subject to Escrow
| Class of shares | ASX Mandatory Escrow(Number of shares) | Voluntary Escrow(Number of shares) | Restriction Period |
|---|---|---|---|
| Fully paid ordinary shares | 39,383,434 | - | 24 months from date of quotation |
| Fully paid ordinary shares | - | 7,500,000 | 12 months from date of quotation1 |
| Fully paid ordinary shares | 30,530 | - | Date of quotation to 31 January 2022 |
| Shares subject to escrowarrangements | 39,413,964 | 7,500,000 | |
| Notes to the above |
1 Voluntary escrow pursuant to a voluntary escrow deed entered into between the Company and Deering Nominees Pty Ltd ATF the Deering Family Trust.
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Page 2 of 2 | ACN 644 736 247| ASX: POL Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com