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First Class Metals Issues New Shares Following Convertible Loan Note Conversion

Story Highlights
  • First Class Metals converted £47,500 of loan notes into 2,941,978 new ordinary shares.
  • Admission of the new shares will raise total issued share capital and voting rights to 240,586,199.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Class Metals Issues New Shares Following Convertible Loan Note Conversion

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First Class Metals Plc ( (GB:FCM) ) has provided an update.

First Class Metals Plc has announced the conversion of £47,500 of its previously issued interest-free convertible loan notes into 2,941,978 new ordinary shares, following a conversion notice dated 17 December 2025. The new shares are expected to be admitted to the FCA’s Official List (Standard Segment) and to trading on the London Stock Exchange’s Main Market around 7 January 2026, increasing the company’s issued share capital to 240,586,199 ordinary shares and setting the new total voting rights at the same figure, a key reference point for shareholders monitoring disclosure thresholds and changes in ownership stakes.

More about First Class Metals Plc

First Class Metals Plc is a UK-listed exploration company focused on discovering economic metal deposits across its portfolio of properties in Ontario, Canada, targeting value creation through early-stage mineral exploration and development.

Average Trading Volume: 1,621,381

Technical Sentiment Signal: Buy

Current Market Cap: £5.5M

Find detailed analytics on FCM stock on TipRanks’ Stock Analysis page.

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