BWA Group PLC Conversion of Loan Notes

 
TIDMBWAP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
        OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
                                                                   13 July 2022 
 
                                 BWA Group PLC 
 
                          ("BWA" or the "Company") 
 
                           Conversion of Loan Notes 
 
BWA Group plc [AQSE: BWAP], which has mineral exploration licences in 
both Cameroon and Canada at various stages of development and is quoted on 
London's AQSE Growth Market, announces that it has allotted a total of 
20,000,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares 
"), at a price of 0.5 pence per share (the "New Shares"), in settlement of a 
notice of conversion received for £100,000 of convertible loan notes (the "Loan 
Notes"). The Loan Notes were subscribed for cash by JV Capital Ltd, a company 
controlled by the family of Vilhjalmur Thor Vilhjalmsson, as part of the 
acquisition of Kings of the North Corp., as announced on 5 September 2019. 
 
Application will be made for the New Shares to be admitted to trading on the 
AQSE Growth Market and admission is expected to become effective on 19 July 
2022 ("Admission"). 
 
On Admission, Mr Vilhjalmsson will have an interest in a total of 20,859,200 
Ordinary Shares, equivalent to 4.92% of the issued Ordinary Shares. 
 
Total Voting Rights 
 
Following Admission, the Company will have 423,847,891 Ordinary Shares in 
issue, each share carrying the right to one vote. The Company does not hold any 
Ordinary Shares in Treasury. Following Admission, the figure of 423,847,891 
Shares may be used by shareholders in the Company as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change to their interest in, the share capital of the Company 
under the Financial Conduct Authority's Disclosure and Transparency Rules. 
 
Significant Shareholdings 
 
Following Admission, the Company is aware of the following significant and 
director shareholdings: 
 
Shareholder                             Number of Ordinary        Percentage of 
                                               Shares Held Ordinary Shares Held 
 
Directors                                      183,037,615               43.18% 
 
Richard Battersby                               94,676,314               22.34% 
 
James Butterfield                               53,419,739               12.60% 
 
Alex Borrelli                                   31,316,561                7.39% 
 
James Hogg                                       3,625,001                0.86% 
 
Other Large Shareholders 
 
St Georges Eco-Mining Corp                      60,000,000               14.16% 
 
Mr D M Cass                                     33,532,022                7.91% 
 
Mr J Harvey                                     23,285,193                5.49% 
 
Vilhjalmur Thor Vilhjalmsson                    20,859,200                4.92% 
 
Christian Tremblay                              16,403,200                3.87% 
 
Ordinary Shares not in public                  243,037,615               57.34% 
hands 
 
The Directors of BWA are responsible for the contents of this announcement. 
 
                                    Ends - 
 
For further information: 
 
BWA Group PLC                          +44 7836 238172 
Richard Battersby            enquiries@bwagroupplc.com 
Chairman 
 
 
Allenby Capital Limited               +44 20 3328 5656 
Corporate Adviser 
Nick Harriss/Freddie Wooding 
 
 
 
END

(END) Dow Jones Newswires

July 13, 2022 02:00 ET (06:00 GMT)

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