Key Information

Updated as at 12/6/2020


ISIN: GB00B15FS791
Exchange: Main Market, London Stock Exchange
(listed on the standard segment of the official list)
Par: 0.01p
Inst Type: ORD
Symbol: MNRG
MiFID Status: MTF
Issued Shares: 364,742,767
Sector: Financial Services

Directors' Shareholdings:

updated as at 21/7/2020     

294,997,104 Ordinary shares are held in public hands representing 80.88% of issued share capital.

Name Number of Ordinary Shares  % of Issued Share Capital
Christopher Latilla-Campbell (Chairman)(*) 39,373,775 10.79%
Rolf Gerritsen (CEO) 14,150,000 3.88%
Christian Schaffalitzky (NED) 7,933,333 2.18%
Pierpaolo Rocco  8,288,555 2.27%
Total director holdings 69,745,663 19.12%


(*) Christopher Latilla-Campbell’s interests includes 24,750,000 shares held by Buchanan Trading Inc, in whose shares he is deemed to be interested, as he is a potential beneficiary of a discretionary trust which controls it.

 

Outstanding Director Options:

Expiring 30 April 2021:  Number of Ordinary Shares  Exercise Price
Rolf Gerritsen (CEO)   5,000,000 3p per share

Outstanding Warrants:

  Number of Ordinary Shares  Exercise Price
Expiring 30 March 2021: 2,500,000 3p per share
Expiring 20 November 2020: 9,700,000 2p per share
Expiring 23 July 2021: 89,333,326 0.6p per share

Pursuant to his equity investment in the Company as announced on 23 February 2018, on completion of his investment Rolf Gerritsen will be issued with 2,500,000 warrants.  The warrants will have a term of 36 months from the date of grant and will be exercisable at 3p per share.

Effect of options and warrants exercise:

Should all the outstanding options and warrants outlined above be exercised the Company will receive additional funds of £955,000 and the fully diluted Ordinary Shares in issue will total 471,276,093 Ordinary Shares

Convertible Loan Notes (“CLNs”)

In addition to the Options and Warrants, the Company has issued £375,000 of fixed rate (10% per annum) unsecured CLNs with an expiry date of 31 January 2021. The CLNs are repayable, if not previously converted, on 31 January 2021.

Holders of the CLNs may convert them into new MetalNRG Ordinary Shares at a price of 0.6 pence per share or at 85% of the average published volume weighted average share price over the 10 trading days prior to conversion at any time prior to or on 31 January 2021.

If the CLNs were to be converted into new MetalNRG Ordinary Shares at 0.6p per share a further 62,500,000 Ordinary Shares would be issued.

Share Price