First Class Metals plc (FCM) said 16,373,674 shares issued since its 2022 July IPO were not admitted to trading because of “incorrect information from its former financial advisor”.
TRANCHES
The company will now start applications to admit the shares on the official list of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange.
Compliance with the prospectus regulation rules means that the shares will be admitted in four tranches.
A total 13,134,410 shares will be admitted to trading on or around 23 January 2024; 2,626,882 (26 January); 525,377 (31 January); and 87,005 shares (5 February).
FCM’s issued share capital remains 82,045,729 ordinary shares of 0.1p each, with one vote per share. The company holds no shares in treasury.
Novum Securities Ltd is FCM’s current financial adviser.