Tag Archives: The Seventy Ninth Group

Total Voting Rights

In accordance with the FCA’s Disclosure Guidance and Transparency Rules, as at 31 March 2025, the Company’s issued share capital consists of 191,741,361 Ordinary Shares of £0.001, each with one voting right. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 191,741,361.

The above figure of 191,741,361 should 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 Guidance and Transparency Rules. 

Board Changes and Update on Fundraise 

First Class Metals PLC (FCM) hereby announces the resignation of David Webster as director and Non-Executive Chairman with immediate effect. Mr. Webster has decided to focus his efforts towards The Seventy Ninth Group, particularly to address the recent allegations made by the City of London Police concerning the group. Whilst Mr. Webster was one of the four members of The Seventy Ninth Group questioned by the City of London Police, he was released on bail without charge, contrary to some media speculation.

The Company is pleased to announce the proposed appointment of Christopher Johnson as Non-Executive Director. Mr. Johnson, currently serving as Chief Operating Officer of The Seventy Ninth Group, brings over twenty years of experience in legal practice to the board. His appointment is subject to completion of the customary due diligence procedures.

James Knowles, currently the Company’s Managing Director, will resume the role as Executive Chairman.

Additionally,  whilst it remains the intention to complete the second stage of  The Seventy Ninth Group’s investment into FCM it will not be proceeding at the current time. Further updates will be provided in due course.

Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:

https://firstclassmetalsplc.com/auth/signup

For further information, please contact:

James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641

Marc J Sale, CEO
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532

Novum Securities Limited (Financial Adviser)
David Coffman / Daniel Harris
Website: www.novumsecurities.com
Tel: (0)20 7399 9400

Axis Capital Markets (Broker)
Lewis Jones / Ben Tadd
Website: Axcap247.com
Tel: (0)203 026 0449