REG - Lansdowne Resources - Name Change to Lansdowne Resources PLC
29/05/2026 07:00
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RNS Number : 1400G Lansdowne Resources PLC 29 May 2026
29 May 2026
Lansdowne Resources PLC
("Lansdowne Resources" or the "Company")
Name Change to Lansdowne Resources PLC
Lansdowne Resources Plc (AIM: LRES) is pleased to announce that, following the
passing of all resolutions at the Annual General Meeting held on 26 May 2026
and the completion of the acquisition of São Gabriel Mineração Ltda.
("SGM"), the Company's New Ordinary Shares were admitted to trading on the AIM
Market of the London Stock Exchange on 27 May 2026. Dealings in the New
Ordinary Shares commenced at 8.00 a.m. on 27 May 2026 under the ticker symbol
LRES.
The Company announces its change of name from Lansdowne Oil & Gas PLC to
Lansdowne Resources Plc with effect from 27 May 2026, following the issue of a
new certificate of incorporation on change of name by the Registrar of
Companies. The change of name reflects the broadened strategy of the Enlarged
Group as it transitions from an oil and gas focused company to a diversified
natural resources business with interests in critical minerals and energy
transition commodities alongside its ongoing Energy Charter Treaty litigation.
The Company has acquired 100% of São Gabriel Mineração Ltda., a Brazilian
company focused on developing the Macaubas graphite project in Bahia, Brazil,
comprising two exploration licences covering 2,805.82 hectares . The project
is located in a highly prospective graphite region with favourable logistics,
shallow friable material amenable to low-impact mining, and the potential to
host high quality large flake graphite mineralisation.
The Company raised gross proceeds of circa. £2,000,000 million through a
placing and retail offer at 0.1 pence per share to fund an active 2026
exploration programme aimed at generating a Maiden Resource Estimate.
In addition, the Company continues to pursue its Energy Charter Treaty
arbitration claim against the Government of Ireland seeking compensation of at
least US$100 million plus interest in relation to the Barryroe oil and gas
field, supported by non-recourse litigation funding from Diamond McCarthy LLP.
A capital restructuring has been implemented to ensure that 80% of the net
proceeds of any successful Claim are ring-fenced for Qualifying Shareholders
(who have been issued with Preference Shares), with all shareholders on
Readmission retaining exposure to the remaining 20%, providing the potential
to build significant additional value alongside the Company's new critical
minerals strategy.
Total Voting Rights
Following Admission, the Company's enlarged issued share capital consists of
2,638,982,667 Ordinary Shares of £0.0005 each, all carrying one vote each.
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 Guidance and Transparency Rules.
Further information on the Company and the Macaubas project, including the AIM
Admission Document, can be found on the Company's website at
https://www.lansdowneresources.com/ (https://www.lansdowneresources.com/)
For further information please contact:
Lansdowne Resources plc
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Charlie Bouverat
Tavira Financial Limited +44 (0) 20 3192 1739
Joint Broker
Oliver Stansfield
Jonathan Evans
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