REG - Firering Strategic - Result of General Meeting
18/05/2026 11:15
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RNS Number : 7436E Firering Strategic Minerals PLC 18 May 2026
Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining
18 May 2026
Firering Strategic Minerals plc
("Firering", the "Company" or the "Group")
Result of General Meeting
Firering Strategic Minerals plc (AIM: FRG), an emerging producer of quicklime
and explorer of critical minerals, announces that at the General Meeting held
earlier today, all the resolutions were passed.
For % For Against % Against Withheld
1. SPECIAL RESOLUTION 78,499,888 97.89 1,688,230 2.11 0
That the Directors be authorised pursuant to the provisions of 60B(5) and 59A
of the Cyprus Companies Law, Cap. 113, as amended (the "Companies Law") to
allot shares ("Shares") in the Company or grant rights to subscribe for or to
convert any security into shares ("Rights") in the Company as if Section 60B
of the Companies Law did not apply to such allotment provided that this power
shall be limited to up to an aggregate of 450,000,000 ordinary shares in the
capital of the Company.
2.SPECIAL RESOLUTION 78,499,888 97.89 1,688,230 2.11 0
That the issue of 103,199,903 Shares and/or Rights since the annual general
meeting of the Company held on 24 July 2025 in excess of authorities given at
that annual general meeting be and is hereby ratified for the purposes of the
provisions of the Companies Law.
3) ORDINARY RESOLUTION 78,499,888 97.89 1,688,230 2.11 0
That the authorised ordinary share capital of the Company be increased to
1,000,000,000 ordinary shares effective from the date of this resolution. The
authorised ordinary share capital will be increased to €1,000,000 divided
into 1,000,000,000 ordinary shares of €0.001 each.
Allotment of Shares and issue of Warrants
At a Board meeting held following the General Meeting, 214,100,000 Placing
Shares, 35,900,000 Subscription Shares and 6,878,598 Service Provider Fee
Shares (together the "New Shares") have been allotted.
In addition, 250,000,000 Placing Warrants have been issued to subscribers in
the Placing and Subscription, and 12,846,000 warrants have been issued to
Shard Capital, as set out in the notification of 24 April 2026.
Directors' shareholdings
Included in the above allotments are the following shares subscribed by
certain Directors of the Company. The table below shows the number of shares
allotted and the resultant holdings of the each of these Directors.
Related Party Number of New Shares issued Number of Ordinary Shares held upon Admission % of Enlarged Share Capital
Youval Rasin 7,000,000 40,004,795* 6.10%
Shai Kol 5,000,000 18,629,888 2.84%
Vassilios Carellas 1,000,000 2,474,043 0.38%
* 13,466,666 of Mr Rasin's shareholding post Admission set out above are held
by Clearglass Investments Limited, a company in which Mr Rasin is a director
and shareholder.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the
New Shares to trading on AIM. It is expected that admission will become
effective and dealings in the New Shares will commence on AIM at 8.00 a.m. on
or around 19 May 2026.
Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 656,032,890 with voting rights. 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's issued share capital pursuant to the
Company's articles of association.
Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Company's announcement made at
7.00 a.m. on 24 April 2026, unless the context requires otherwise.
For further information visit www.fireringplc.com or contact:
Firering Strategic Minerals E: info@firering-holdings.com
Youval Rasin
SPARK Advisory Partners Limited (Nominated Adviser) T: +44 20 3368 3550
Neil Baldwin / James Keeshan
Shard Capital Partners LLP (Joint Broker) T: +44 20 7186 9950
Damon Heath / Erik Woolgar
St Brides Partners Limited (Financial PR) E: firering@stbridespartners.co.uk
Isabel de Salis / Susie Geliher
Notes
Firering Strategic Minerals plc (AIM: FRG) is an Africa-focused producer and
developer of industrial and critical minerals. The Company's near-term focus
is the ramp-up of production at the Limeco project in Zambia, where Firering
holds a 36.2% interest with an option to increase this to 45%. Once fully
optimised, Limeco is expected to be among the largest lime operations in the
region, supplying a range of mining, agricultural and industrial customers.
Firering's portfolio also includes the highly prospective Atex
Lithium-Tantalum Project in northern Côte d'Ivoire.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Youval Raisin
2 Reason for the notification
a) Position/status Chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Firering Strategic Minerals PLC
b) LEI 2138005GMF9GR4W9MN36
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of €0.001 each in the share capital of Firering Strategic
Minerals PLC
Identification code
b) Nature of the transaction (i) Subscription for Ordinary Shares, and (ii) Issue of
Warrants
c) Price(s) and volume(s) Shares
Price(s) Volume(s)
1 pence 7,000,000
Warrants 7,000,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 18 May 2026
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Vassilios Carellas
2 Reason for the notification
a) Position/status Independent Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Firering Strategic Minerals PLC
b) LEI 2138005GMF9GR4W9MN36
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of €0.001 each in the share capital of Firering Strategic
Minerals PLC
Identification code
b) Nature of the transaction (i) Subscription for Ordinary Shares, and (ii) Issue of
Warrants
c) Price(s) and volume(s) Shares
Price(s) Volume(s)
1 pence 1,000,000
Warrants 1,000,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 18 May 2026
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Yehoshua Shai Kol
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Firering Strategic Minerals PLC
b) LEI 2138005GMF9GR4W9MN36
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of €0.001 each in the share capital of Firering Strategic
Minerals PLC
Identification code
b) Nature of the transaction (i) Subscription for Ordinary Shares, and (ii) Issue of
Warrants Subscription for Ordinary Shares
c) Price(s) and volume(s) Shares
Price(s) Volume(s)
1 pence 5,000,000
Warrants 5,000,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 18 May 2026
f) Place of the transaction Outside a trading venue
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