REG - Meridian Mining plc - Result of Retail Offer

Meridian MiningAnnouncement

01/05/2026 07:01

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RNS Number : 7713C  Meridian Mining plc  01 May 2026

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OR IN PART, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
ANNOUNCEMENT.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement for the purposes of paragraph 12.1.4 of
the Prospectus Rules: Admission to Trading on a Regulated Market sourcebook of
the Financial Conduct Authority (the "FCA") made under section 73A of the FSMA
and is not a prospectus nor an offer of securities for sale or subscription,
nor a solicitation of an offer to acquire or subscribe for securities, in any
jurisdiction, including in or into Australia, Canada, Japan or the Republic of
South Africa.

 

Neither this announcement, nor anything contained herein, shall form the basis
of, or be relied upon in connection with, any offer or commitment whatsoever
in any jurisdiction. Investors should not subscribe for or purchase any shares
referred to in this announcement except solely on the basis of the information
contained in the prospectus approved by the FCA (together with any
supplementary prospectus, if relevant, the "Prospectus"), including the risk
factors set out therein, published by Meridian Mining plc in connection with
the offer of ordinary shares in the Company ("Ordinary Shares") and the
admission of the issued and to be issued Ordinary Shares to the Official List
of the FCA in the equity shares (commercial companies) category and to trading
on the Main Market for listed securities of London Stock Exchange plc (the
"London Stock Exchange"). A copy of the Prospectus published by the Company is
available for inspection on the Company's website at
https://meridianmining.co/lse-listing, subject to certain access restrictions.

1 May 2026

 

Meridian Mining plc

("Meridian" or the "Company")

Result of Retail Offer

 

Meridian Mining plc (LSE/TSX: MNO), an exploration and development company
focused on the advanced stage Cabaçal gold-copper project, announced on 27
April 2026 that it has applied for admission of its Ordinary Shares to the
equity shares (commercial companies) category of the Official List of the FCA
and to trading on the Main Market for listed securities of the London Stock
Exchange (together, "Admission") as well as an equity offering of new ordinary
shares in conjunction with the Retail Offer.

The Company is pleased to announce that the Retail Offer successfully
completed and closed at 23.59 p.m. on 30 April 2026 and that it has
conditionally raised approximately GBP2.5M (approximately USD3.4M / CAD4.6M)
in the Retail Offer through the issue of 2,717,391 new Ordinary Shares at the
Issue Price of 92.0 pence per Ordinary Share (CAD1.70 per Ordinary Share).

Following the close of the Retail Offer, the Company has conditionally raised
gross proceeds of approximately GBP25.0M (approximately USD33.6M / CAD46.3M)
via the Fundraising. The Company will therefore be required to issue and allot
a total of 27,173,912 new Ordinary Shares to satisfy the Fundraising.

Capitalised terms used in this announcement shall, unless defined in this
announcement or unless the context provides otherwise, bear the same meaning
ascribed to such terms in the launch announcement.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 485,513,514
Ordinary Shares to be admitted to the equity shares (commercial companies)
category of the Official List of the FCA and admitted to trading on the Main
Market for listed securities of the London Stock Exchange. Admission is
expected to take place and dealings in the Ordinary Shares are expected to
commence at 8.00 a.m. on 1 May 2026, at which time it is also expected that
the Ordinary Shares will be enabled for settlement in CREST.

Immediately following Admission, the issued share capital of the Company is
expected to comprise 485,513,514 Ordinary Shares. Each Ordinary Share has one
voting right and no Ordinary Shares are held in treasury. From Admission, this
figure may be used by shareholders as the denominator for the calculation 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.

Neither past performance nor any forecasts should be considered a reliable
indicator of future results.

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

Enquiries:

 Meridian Mining plc                    Email: info@meridianmining.co (mailto:info@meridianmining.co)

 Mr. Gilbert Clark - CEO and Director   Ph: +44 (0) 203 930 3145 (GMT)

 RetailBook Limited                     capitalmarkets@retailbook.com (mailto:capitalmarkets@retailbook.com)

 Michael Ward / James Deal

 PR & IR Adviser - Tavistock            Tel: +44 (0) 207 920 3150

 Gareth Tredway / Saskia Sizen          Email: meridianmining@tavistock.co.uk

 

Media Enquiries:

Gareth Tredway / Saskia Sizen

Tel: +44 (0) 207 920 3150

Email: meridianmining@tavistock.co.uk (mailto:meridianmining@tavistock.co.uk)

Stay up to date by subscribing for news alerts here:
https://meridianmining.co/contact/ (https://meridianmining.co/contact/)

Follow Meridian on X: https://X.com/MeridianMining
(https://X.com/MeridianMining)

Further information can be found at: www.meridianmining.co
(http://www.meridianmining.co)

Notes:

References to times in this announcement are to London time unless otherwise
stated.

The times and dates mentioned throughout this announcement may be adjusted by
the Company in which event the Company will make an appropriate announcement
to a Regulatory Information Service giving details of any revised dates and
the details of the new times and dates will be notified to the London Stock
Exchange and, where appropriate, shareholders. Shareholders may not receive
any further written communication.

IMPORTANT INFORMATION

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This announcement and the information contained herein, is restricted and is
not for publication, release or distribution, directly or indirectly, in whole
or in part, in or into Australia, Japan, the Republic of South Africa or any
other jurisdiction in which such publication, release or distribution would be
unlawful.  Further, this announcement is for information purposes only and is
not an offer of securities in any jurisdiction.

The value of the new Ordinary Shares and the income from them is not
guaranteed and can fall as well as rise due to stock market movements. When
you sell your investment, you may get back less than you originally invested.
Figures refer to past performance and past performance is not a reliable
indicator of future results. Returns may increase or decrease as a result of
currency fluctuations.

No statement in this announcement constitutes or should be construed as being
(i) investment, financial, tax, accounting or legal advice; (ii) a
representation that any investment or investment strategy is suitable or
appropriate to your particular circumstances; or (iii) a personal
recommendation. No statement in this announcement is intended to be a profit
forecast and no statement in this announcement should be interpreted to mean
that earnings or target dividend per share of the Company for the current or
future financial years would necessarily match or exceed the historical
published earnings or dividends per share of the Company.

For the avoidance of doubt, the contents of the Company's website are not
incorporated into, and do not form part of, this announcement.

 

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