Arkle Resources plc has issued 22.8 million shares following the exercise of warrants over ordinary shares of €0.0025 each, at an exercise price 0.35 pence per share.
TVRs
Executive chairman John Teeling exercised 10m warrants and now owns 73,718,035 shares, equal to a 4.85% of the enlarged issued share capital.
Non-executive director David Cockbill exercised six million warrants to hold 35,893,741 shares (2.36%)
Other warrant holders exercised a further aggregate 6.8m warrants over ordinary shares at the same exercise price.
Arkle said it had received the £79,800 proceeds from the warrant exercises.
Following admission, the company’s issued share capital will comprise 1,521,110,997 ordinary shares, with voting rights.
OPTIONS
Arkle has also granted options over a total of 130m ordinary shares to “certain key employees, advisers, consultants and directors”, with an exercise price of 0.95 pence.
The exercise price is a 65% premium to the company’s closing share price on 1 April 2026.
The five-year options are to “incentivise long-term growth reflected in the company’s valuation”.
Mr Teeling received 10m options; interim chief executive officer Rory Harding, 45m; financial director and company secretary James Finn, 10m; non-executive directors David Cockbill, 15m and Robin Birchall, 10m; strategic adviser and board observer Mark Burnett, 20m; chief geologist Chris Healey, 5m; and country manager Aron Haludilu 10m.
The remaining 5m options are being granted to a consultant.
Arkle said that the new options replaced all those previously held by directors and management, which have been cancelled.
The company holds uranium, lithium and zinc interests in Namibia, Botswana and Ireland.