REG - Beowulf Mining PLC - Last day trading in Paid Subscribed SDRs and TVR

Beowulf MiningAnnouncement

20/05/2025 07:00

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RNS Number : 3064J  Beowulf Mining PLC  20 May 2025

 

 

20 May 2025

 

 

Beowulf Mining plc

 

("Beowulf" or the "Company")

 

 

Last day of trading in Paid Subscribed SDRs and TVR

 

Beowulf (AIM: BEM; Spotlight: BEO) hereby announces that the last day of
trading in Paid Subscribed SDRs of the SDR Rights Issue is 21 May 2025, in
accordance with the previously published timetable.

 

Following registration of New SDRs in the VPC system, Paid Subscribed SDRs
will be automatically converted into New SDRs without any special notification
from Euroclear Sweden. The New SDRs are expected to be available on VPC
accounts on or around 26 May 2025.

 

 

Update to Total Voting Rights

 

Further to the announcement of 8 May 2025, application has been made the
admission of 10,714,286 new ordinary shares pursuant to the Rights Issue and
10,098,790 new ordinary shares pursuant to the Placing and Retail Offer to be
admitted to trading on AIM on or around 22 May 2025 ("Admission"). The new
ordinary shares will rank pari passu in all respects with the Company's
existing ordinary shares. Following Admission, the total number of ordinary
shares in the Company in issue will be 59,657,866. This figure may be used by
shareholders 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 Company under the FCA's Disclosure and Transparency
Rules

 

 

Definitions

 

Capitalised terms used but not otherwise defi ned in this announcement shall
have the meaning given to them in the Company's announcement dated 4 April
2025
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/rgv6njr
(https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/rgv6njr)
).

 

 

 

Enquiries:

 

Beowulf Mining plc

Ed Bowie, Chief Executive Officer
 ed.bowie@beowulfmining.com

 

Evli Plc

(Swedish financial adviser)

Mikkel Johannesen / Lars Olof Nilsson                  Tel: +46 (0)
73 147 0013

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl          Tel: +44 (0) 20
3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex Wood
              Tel: +44 (0) 20 7186 9004

 

BlytheRay

Tim Blythe / Megan Ray
Tel: +44 (0) 20 7138 3204

 

 

Cautionary Statement

 

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to , (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecast.

 

 

 

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