REG - Aterian PLC - CLN Conversion

AterianAnnouncement

22/05/2026 07:00

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RNS Number : 3587F  Aterian PLC  22 May 2026

22 May 2026

 

Aterian Plc

("Aterian" or the "Company")

 

CLN Conversion

Aterian Plc (LSE: ATN), the Africa-focused critical minerals exploration,
development and trading company, announces the early conversion and redemption
of a portion of its recently issued Convertible Loan Notes ("CLN") through the
issue of new ordinary shares in the Company following a conversion notice from
a CLN holder.

The Company has approved the redemption and conversion of £80,000 of the CLN,
pursuant to their terms.

The conversion amount will be satisfied through the issue of 320,000 new
ordinary shares of £0.10 each in the capital of the Company ("Ordinary
Shares") at a conversion price of 25 pence per Ordinary Share (the "Conversion
Shares"). The Conversion Shares will rank pari passu in all respects with the
Company's existing Ordinary Shares. Application will be made for the
Conversion Shares to be admitted to trading on the London Stock Exchange and
admission is expected to become effective on or around 28 May 2026.

Total Voting Rights

Following Admission of the Conversion Shares, the Company will have 18,220,000
Ordinary Shares in issue, each carrying one voting right. The Company does not
hold any Ordinary Shares in treasury.

Accordingly, the total number of voting rights in the Company will be
18,220,000. Shareholders may use this figure as the denominator for
calculations by which they determine whether they are required to notify their
interest in, or change to their interest in, the Company's share capital under
the FCA's Disclosure Guidance and Transparency Rules.

- ENDS -

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

Engage directly with the Aterian PLC management team by asking questions,
watching video summaries, and seeing what other shareholders have to say.
Please navigate to our interactive investor hub here:
https://aterianplc.com/s/fcf8eb (https://aterianplc.com/s/fcf8eb)

 

For further information, please visit the Company's website:
www.aterianplc.com (http://www.aterianplc.com) or contact:

 

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com
(mailto:charles.bray@aterianplc.com)

Simon Rollason, Director - simon.rollason@aterianplc.com
(mailto:simon.rollason@aterianplc.com)

 

Financial Adviser and Joint Broker:

AlbR Capital Limited

David Coffman / Dan Harris

Colin Rowbury

Tel: +44 (0)207 7469 0930

 

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Devik Mehta

Tel: +44 20 3470 0470

 

Financial PR:

Bald Voodoo - ben@baldvoodoo.com

Ben Kilbey

Tel: +44 (0)7811 209 344

Notes to Editors:

About Aterian plc

www.aterianplc.com (http://www.aterianplc.com)

 

Aterian plc is an LSE-listed exploration and development company with a
diversified African portfolio of critical metals projects.

Aterian plc is actively seeking to acquire and develop new critical metal
resources to strengthen its existing asset base while supporting ethical and
sustainable supply chains as the world transitions to a sustainable, renewable
future. The supply of these metals is vital for developing the renewable
energy, automotive, and electronic manufacturing sectors, which are
increasingly important in reducing carbon emissions and meeting global climate
ambitions.

 

Aterian has a portfolio of multiple copper-silver (+gold) and base-metal
projects in Morocco. Aterian holds a 90% interest in Atlantis Metals, a
private Botswana-registered company holding eleven mineral prospecting
licences for copper-silver in the world-renowned Kalahari Copperbelt and three
for lithium and salt brine exploration in the Makgadikgadi Pans region. The
Company also holds an exploration licence in southern Rwanda, where it is
evaluating the tantalum and niobium opportunity, in addition to further
exploring for pegmatite-hosted lithium.

 

The Company's strategy is to seek new exploration and production opportunities
across the African continent and to develop new sources of critical mineral
assets for exploration, development, and trading.

 

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