Reveille Resources - Holding(s) in Company
RNS Number : 6975XReveille Resources PLC06 October 20266 October 2026
REVEILLE RESOURCES PLC
("Reveille", or the "Company")
Holdings in the Company
Reveille [AQSE: REV], a UK uranium exploration and development company with a primary focus on Italy's largest uranium deposits, announces that is has been informed that Ajax Resources plc (“Ajax”), the Company’s second largest shareholder, has purchased the entire shareholding of Santa Devota S.r.l. (“SD”), a wholly owned and controlled investment company of the former Non-Executive Director, Antonio Barani (the “Acquisition”).
SD has sold 2,000,000 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) and 2,000,000 warrants to subscribe for Ordinary Shares to Ajax, for a total consideration of £102,500. Ajax is a signatory to the lock-in and orderly market agreements described in the Company’s MTF admission prospectus, the terms of which are extended to the Ordinary Shares resulting from the Acquisition, including any Ordinary Shares that might result from exercising the warrants. Following the Acquisition, Ajax will hold 14,000,000 Ordinary Shares, representing 17.52% of the currently issued Ordinary Shares. Following the Acquisition, Mr Barani has no further interest in the Company.
- ENDS –
For more information, please visit: www.reveille-resources.com or contact the following:
Reveille Resources Plc
Ippolito Ingo Cattaneo, Executive Director
info@reveille-resources.com
Barabino & Partners UK Plc
Georgia Colkin / Caroline Merrell
Tel: +44 (0)207 1526 425
Allenby Capital Limited, Aquis Corporate Advisor
Nick Naylor / Nick Harriss
Tel: +44 (0) 20 3328 5658
Notes to Editors
Reveille Resources plc (AQSE: REV) is a UK uranium exploration and development company with a primary focus on Italy, where it is advancing the exploration and development of the country's largest historic uranium deposits.
Through its Italian subsidiary, Futuro Energetico Italiano S.r.l, the Company has submitted exploration-licence applications in respect of the Novazza and Val Vedello uranium projects in northern Italy, each of which is subject to the applicable environmental-assessment process. The projects were historically explored and developed by AGIP Nucleare S.p.A. and its operating subsidiary, SOMIREN, both part of the ENI group, during Italy’s national nuclear programme between 1959 and 1983. This work included more than 87,000 metres of historical drilling and approximately 17 kilometres of underground development.
Reveille's strategy is to identify and advance uranium projects that have benefited from substantial historical exploration and technical work, but where value has yet to be fully realised due to geopolitical, technological, financial or historical factors. By applying modern exploration techniques and internationally recognised reporting standards, the Company intends to verify historical data, advance exploration and work towards the delineation of mineral resources in accordance with internationally recognised reporting standards.
While Italy remains the Company's principal area of focus, Reveille will selectively evaluate additional uranium opportunities elsewhere in Europe and in other Western jurisdictions where similar value creation opportunities exist. The Company is committed to advancing its projects responsibly, working closely with local communities, regulators and other stakeholders to ensure that exploration activities are undertaken to the highest environmental, technical and governance standards.
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