REG - Critical Metals PLC - Results of Share Offer

Critical MetalsAnnouncement

01/08/2025 18:30

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RNS Number : 7217T  Critical Metals PLC  01 August 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("UK MAR").

 

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1 August 2025

 

CRITICAL METALS PLC

("Critical Metals" or the "Company")

 

Results of Share Offer

 

Further to the announcement dated 16 July 2025 Critical Metals plc (LSE:CRTM),
is pleased to announce that  the Company has conditionally raised total gross
proceeds of £79,035  by way of a successful subscription of 3,951,750 New
Ordinary Shares of £0.0005 each ("New Ordinary Shares") in the capital of the
Company (the "Bookbuild Offer Shares") at an issue price of £0.02 per New
Ordinary Share (the "Issue Price") pursuant to the Retail Offer via the
Bookbuild platform.  The Company is also pleased to have received
applications for 13,176,307 New Ordinary Shares at the Issue Price to raise
£263,526.14 from holders of convertible notes issued by the Company under the
convertible loan note instrument dated 9 April 2024 ("April CLN Holders") and
shareholders who were unable to access the offer via the Bookbuild platform
("Bookbuild Offer").  The Company is not accepting any further applications
in respect of the Bookbuild Offer or from April CLN Holders or from
shareholders.

 

As detailed in the Company's circular dated 16 July 2025 ("Circular"), NIU
Invest SE ("NIU") had conditionally committed to investment of up to £956,482
by way of subscription for up to 47,824,100 New Ordinary Shares at the Issue
Price but agreed that its subscription would be subject to claw back to
satisfy applications under the Bookbuild Offer, from other shareholders and
from April CLN Holders ("Retail Offer Shares"). Therefore, NIU will now
subscribe for 30,696,043 New Ordinary Shares ("NIU Subscription Shares").  In
aggregate, therefore, the Company will raise £956,482 from the combined issue
of Retail Offer Shares and the NIU Subscription Shares ("New Admission
Shares").

 

Completion of the issue of the New Admission Shares remains subject to various
conditions including, the passing of all resolutions at the Company's General
Meeting on 4 August 2025, the FCA approving a Simplified Prospectus published
by the Company and admission to the Official List of the New Admission Shares
("Admission").

 

The New Admission Shares, when issued and fully paid, will rank pari passu in
all respects with the existing Ordinary Shares and will rank for all dividends
or other distributions declared, made or paid after the date of issue.

 

Upon the issue of the New Admission Shares and the other share issues detailed
in the Circular, NIU will hold 61,402,390 New Ordinary Shares which represent
60.3% of the enlarged share capital of the Company.

 

The Company will provide further updates in due course in respect of the
satisfaction of the other conditions related to the issue of the New Admission
Shares.  The Company now expects Admission of the New Ordinary Shares to take
place on or around 8 August 2025.

 

 

For further information, please contact:

 Critical Metals plc

 CEO                            rfryer@criticalmetals.co.uk (mailto:rfryer@criticalmetals.co.uk)

 Russell Fryer

 St Brides Partners Ltd

 Financial PR                   critical@stbridespartners.co.uk (mailto:critical@stbridespartners.co.uk)

 Ana Ribeiro / Charlotte Page

Further information on the Company can be found on its website at:
www.criticalmetals.co.uk (http://www.criticalmetals.co.uk)

 

 

 

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