REG-Anglesey Mining Plc: Proposed Capital Reorganisation, Proposed Amendment to the Articles of Association and Notice of AGM.
Mon 07:02
19 January 2026
Anglesey Mining plc
("Anglesey" or the "Company")
Proposed Capital Reorganisation
Proposed Amendment to the Articles of Association
Notice of Annual General Meeting
Anglesey Mining plc (AIM:AYM), the UK minerals development company, announces
that it has today issued a circular to shareholders (the "Circular") detailing
the Board's proposal to implement a capital reorganisation, pursuant to which,
inter alia , the issued share capital
of the Company will be consolidated and sub-divided such that every ten
Existing Ordinary Shares will result in one New Ordinary Share of £0.01 ("New
Ordinary Shares") and one Deferred C Share (the "Capital Reorganisation").
The Circular also contains the Notice of Annual General Meeting ("AGM") to be
held at The Geological Society, Burlington House, Piccadilly, London, W1J 0BG
at 11.00 a.m. on 12 February 2026.
As previously noted by the Board, the continued progress of the Company's
activities, namely its objective of developing the 100% owned Parys Mountain
project, will remain largely contingent on its ability to raise further funds
and the Board will continue to explore options in this regard.
The Board believes that the successful implementation of the Capital
Reorganisation will provide the Company with the ability to raise such
additional funds, which may include the issuance of new Ordinary Shares for
cash. The Board is currently precluded from doing so under applicable company
law due to, inter alia , the
prevailing price per Existing Ordinary Share (as at the latest practicable
date prior to the publication of the Circular) being less than the nominal
value per Existing Ordinary Share of £0.01 each.
Therefore, the Board believes that the Capital Reorganisation Resolutions, if
approved by Shareholders, will provide the Company with the ability to raise
further funds required to advance the Parys Mountain project. Against this
background, the Company is, therefore, recommending that Shareholders vote in
favour of the Capital Reorganisation Resolutions at the AGM.
Extracts from the Circular in connection with the Capital Reorganisation can
be found below. Capitalised terms used, but not otherwise defined, in this
announcement have the meanings given to them in the Circular.
The Capital Reorganisation
On 5 December 2025, the Board of Anglesey announced the investment of
£350,000 in Anglesey by Energold Minerals Inc ("Energold"), through the
purchase of non-voting exchangeable warrants (the "Warrants" and the "Warrant
Offering"). The Warrant Offering completed on 11 December 2025.
In support of the Warrant Offering, Anglesey agreed to convene a general
meeting for a date prior to 31 March 2026 in order to approve a consolidation
of the Ordinary Shares at an appropriate ratio to support the issuance of new
Ordinary Shares pursuant to the Warrants and/or otherwise. As noted above, the
Board believes that the successful implementation of the Capital
Reorganisation will provide the Company with the ability to raise additional
funds in the future in order to support the Company's objective of developing
the Parys Mountain project.
More generally, it is the Board's view that the Capital Reorganisation, on the
proposed terms set out in the Notice of AGM, will have a positive impact on
the liquidity of the shares in issue following implementation, by reducing the
number of ordinary shares in issue and raising the resulting trading price per
ordinary share, which may result in a narrowing of the bid-offer spread.
The Board is therefore proposing the Capital Reorganisation Resolutions for
approval at this year's AGM.
Application will be made for the New Ordinary Shares to be admitted to trading
on AIM in place of the Existing Ordinary Shares. Subject to Shareholder
approval of the Capital Reorganisation Resolutions, it is expected that
Admission will become effective and that dealings in the New Ordinary Shares
will commence at 8.00 am on 13 February 2026. Following the Capital
Reorganisation, the ISIN Code for the New Ordinary Shares will be GB00BVMZHW05
and the SEDOL Code will be BVMZHW0.
The expected timetable of principal events and statistics relating to the
capital reorganisation contained in the Circular are set out in full below, in
the Appendix, without material amendment or adjustment.
The Circular will shortly be available at the Company's website at:
https://www.angleseymining.co.uk/shareholders/
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer - Tel: +44 (0)7531 475111
Andrew King, Chairman - Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O'Reilly - Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell - Tel: +44 (0)161 831 1512
LEI: 213800X8BO8EK2B4HQ71
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and
currently has 484,822,255 ordinary shares in issue.
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS
deposit in North Wales, UK with a reported resource of 5.3 million tonnes at
over 4.0% combined base metals in the Measured and Indicated categories and
10.8 million tonnes at over 2.5% combined base metals in the Inferred
category.
Appendix:
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Publication and posting to Shareholders of the Circular 19 January 2026
Latest time and date for receipt of proxy appointment 11.00 a.m. on 10 February 2026
Annual General Meeting 11.00 a.m. on 12 February 2026
Latest time and date for dealings in Existing Ordinary Shares Close of business on 12 February 2026
Record Date for the Capital Reorganisation 6.00 p.m. on 12 February 2026
Admission effective and commencement of dealings in the New Ordinary Shares 8.00am on 13 February 2026
CREST accounts credited with the New Ordinary Shares in uncertificated form 13 February 2026
Despatch of definitive certificates for New Ordinary Shares (in certificated form) by 27 February 2026
Notes:
1) References to times are to London time
(unless otherwise stated).
2) The dates set out in the timetable above
may be subject to change (including without limitation, if the General Meeting
is adjourned).
3) If any of the above times or dates should
change, the revised times and/or dates will be notified by an announcement to
an RNS.
STATISTICS RELATING TO THE CAPITAL REORGANISATION
Ordinary Shares in issue at 6.00 pm on the date immediately prior to the date of publication of this announcement 484,822,255
Number of Existing Ordinary Shares expected to be in issue immediately prior to the Capital Reorganisation 484,822,260
Conversion ratio 1 New Ordinary Share and 1 Deferred C Share for every 10 Existing Ordinary Shares
Total expected number of New Ordinary Shares in issue following the Capital Reorganisation 48,482,226
Total expected number of Deferred C Shares in issue following the Capital Reorganisation 48,482,226
ISIN code for the New Ordinary Shares GB00BVMZHW05
SEDOL for the New Ordinary Shares BVMZHW0
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