ALTYN PLC: Share consolidation and change of name
October 20 2020 - 2:00AM
UK Regulatory
TIDMALTN
Altyn Plc
("Altyn" or the "Company")
Share consolidation and change of name
The Company has considered the number of shares in issue and has
decided to consolidate the existing shares in issue on a 100:1
basis. The Board are of the opinion that this will bring the share
capital into line with the size of the Company and its peers.
The terms of the consolidation are that for every existing share
of GBP0.001, a new ordinary share of GBP0.10 will be issued having
the same rights and restrictions as the existing shares.
The total number of issued shares in the Company is currently
2,733,293,311. In order to ensure that the number of shares is
divisible by 100 an additional 89 shares will be issued. These
additional shares will be issued to the registrar and will be sold
or transferred as appropriate.
In conjunction with the share consolidation the Directors also
wish to change the name of the Company to AltynGold plc (and
website to www.altyngold.uk), in order to align its name with its
activates making it clearer to potential investors the trade of the
Company.
Full details will be issued by post to Shareholders by way of a
circular and notice of general meeting together with a form of
proxy shortly. The Circular and notice of General Meeting will be
available on the Company's website at www.altyn.uk.
The General meeting will be held at 11a.m on 20 November 2020 at
28 Eccleston Square, London SW1V 1NZ. Due to the current COVID --
19 pandemic we ask shareholders not to attend in person but to vote
by using their proxy.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the main market segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201019005670/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
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October 20, 2020 02:00 ET (06:00 GMT)
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