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Corcel shareholder cancels 99m share call option

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Corcel plc’s shareholder Extractions Premium & Mining Ltd has entered a put option agreement with Richard Jennings and cancelled the call option from February 2024. 

Under the terms of the agreement, Mr Jennings has the right from 16 April 2024 until 1 September 2024, to sell up to 99 million ordinary Corcel shares to EXT.

The amount represents 4.87% of the ordinary shares currently in issue, at £0.0075 per share. 

The price is a 142% premium to the most recent closing price of Corcel’s shares. 

EXT holds 21.26% shares in Corcel, whose chairman owns 45% in EXT.

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One Reply to “Corcel shareholder cancels 99m share call option”

  1. Pingback: Put option exercised over 99m Corcel shares - Extractive Industries

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