Bluejay Mining Plc (LON:JAY), the AIM and FSE listed company with projects in Greenland and Finland, announced today that it has received notification from option holders to exercise options over a total of 2,766,667 new ordinary shares of 0.01 pence each in the share capital of the Company (the ‘New Ordinary Shares’) at a price of 7.5 pence per share in respect of 1,916,667 New Ordinary Shares and 10 pence per share in respect of 850,000 New Ordinary Shares. Accordingly, the Company has today issued the New Ordinary Shares to the option holders for an aggregate cash value of £228,750.
The share option exercises referred to above includes an option exercise by Greg Kuenzel, a Non-Executive Director of Bluejay Mining Plc ORD 0.01p. Mr Kuenzel exercised an option over a total of 600,000 New Ordinary Shares at a price of 10 pence per share on 19 April 2017. On the same day, Mr Kuenzel also notified the Company that he had sold 1,200,000 ordinary shares of 0.01 pence of the Company (“Ordinary Shares”) at a price of 14.0375 pence. Accordingly, following the issue of 600,000 New Ordinary Shares to Mr Kuenzel and the sale of Ordinary Shares, he has an interest in 37,655,382 Ordinary Shares, representing 5.12% of the issued ordinary share capital of Bluejay, as enlarged by the issue of New Ordinary Shares. Further details concerning this dealing are set out below.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange (‘Admission’). Admission is expected to occur on or around 25 April 2017.
Total voting rights
Following the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 735,965,887 ordinary shares of 0.01p each (‘Ordinary Shares’) with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 735,965,887 and this figure 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 in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.