19 January 2022
URU Metals Limited
(“URU” or “the Company”)
PCA Dealing & Holdings in the Company
URU announces that it has today been informed by Captor Capital Corporation (“Captor”) that on 19 January 2022 it disposed 99,202 depositary interests of no par value each in the Company (“Ordinary Shares”) at a price of 200 pence per Ordinary Share. As a result of the sale of 99,202 Ordinary Shares, Captor will no longer hold any Ordinary Shares. The Company was notified that from the total sale, 52,600 Ordinary Shares were purchased by Lexinter International Limited, a substantial shareholder in the Company.
As a result of the purchase of the 52,600 Ordinary Shares from Captor, Lexinter Internal Limited now holds 307,203 Ordinary Shares in the Company, representing approximately 18.66% of the issued share capital of the Company.
As a result of the sale of Ordinary Shares by Captor, John Zorbas has decreased his indirect beneficial interest in 6.02% of the issued share capital of the Company, held indirectly through Captor Capital Corporation. John Zorbas exercises control over Captor Capital Corporation due to his position as Chief Executive Officer and his shareholding in Captor Capital Corporation.
Following the sale of Ordinary Shares by Captor, John Zorbas’ resulting beneficial interest, direct and indirect, in the issued share capital of the Company is 504,232 Ordinary Shares, representing approximately 30.62% of the issued share capital of the Company.
Dealings by Persons Closely Associated (“PCA”) with a Person Discharging Managerial Responsibilities (“PDMR”)
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
URU Metals Limited
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
+ 44 (0) 203 470 0470