IMC announces that the Board of Directors has resolved to issue as follows in lieu of monetary remuneration an aggregate of 14,794,916 new ordinary shares of €0.001 each in the capital of the Company at 0.63 pence Sterling per share (the “Remuneration Shares”), being the mid-market closing price on 16th December 2022 on the main market of the London Stock Exchange of the Company’s shares:
| Allottee | Position | No. of Remuneration Shares |
| Eamon P. O'Brien: | Executive Chairman | 8,219,398 |
| Lisa McDonnell | Senior Administrator | 6,575,518 |
| Total | 14,794,916 | |
Application shall be made to the Financial Conduct Authority (“FCA”) for the Remuneration Shares, which rank pari passu in all respects with the Company existing ordinary shares in issue, to be admitted to the standard segment of FCA’s Official List and to the London Stock Exchange for admission to trading on main market (together, “Admission”). A further announcement in this connection shall be made shortly.
Directors’ and other notifiable Interests
Prior to the allotment and Admission of the Remuneration Shares, Eamon P. O’Brien, a Director and the Executive Chairman of IMC, held 6,240,000 shares equating to 2.00% (two per cent.) of the voting rights in the capital of the Company. Following Admission of the Remuneration Shares he will hold 14,459,398 share or 4.43% (four point four three per cent.) of the voting rights in the capital as it shall have been enlarged by the 14,794,916 Remuneration Shares.
Lisa McDonnell previously held 12,290,000 shares equating to 3.95% (three point nine five per cent.) of the voting rights. Following Admission of the Remuneration Shares, Ms. McDonnell will hold 18,865,518 shares representing 5.78% (five point seven eight per cent.) of IMC’s enlarged share capital.
Following the allotment and Admission of the Remuneration Shares, the Company’s issued ordinary share capital shall consist of 326,290,907 shares (311,495,991 shares) and, upon Admission, the former figure should be used by shareholders as the denominator to determine whether or not they need to notify IMC of a change in their own interests in the capital of the Company.
Eamon P. O’Brien,
Executive Chairman,
Dublin, 19th December 2022
The Directors of IMC, after due and careful enquiry, accept responsibility for the content of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Enquiries:
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: +44 7506 43 41 07 / This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.
Brinsley Holman: +44 7776 30 22 28/ This email address is being protected from spambots. You need JavaScript enabled to view it.
IMC Exploration Group plc
Kathryn Byrne: +353 85 233 6033
