REG - Neo Energy Metals - Change in South African Transfer Secretary

Neo Energy MetalsAnnouncement

09/07/2025 14:30

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RNS Number : 4092Q  Neo Energy Metals PLC  09 July 2025

 

 

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London
Stock Exchange

 

9 July 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Change in South African Transfer Secretary

Neo Energy, the near-term, low-cost uranium developer, advises that the
Company is currently in the process of finalising the appointment of Strate
Proprietary Limited, ("Strate"), in its role as a licensed central securities
depository, to enable faster removals between the South African and UK
registers and who will act as the effective transfer secretary for these
transactions.

The main benefit of this appointment is, inter alia, the high-speed electronic
transfer of shares between the United Kingdom and South Africa within hours,
removing the lengthy re-materialisation and de-materialisation process, which
can take between two to four weeks.

Strate will facilitate the establishment of a South African share register
under Strate's nominee company, PLC Nominees (Pty) Ltd. This will enable the
trading and settlement of the Company's shares by South African investors on
South Africa's A2X Markets and also on the Johannesburg Stock Exchange, once
the Company completes its recently announced proposed fast-tracked listing
application later this year.

Strate will provide custody, administrative, and cross-border transfer
services for the Company's shares held by South African investors through a
Foreign Securities Account and in compliance with the regulatory requirements
of both jurisdictions. The Company will facilitate the initial transfer or
deposit of the relevant securities into the account.

The imminent appointment of Strate aligns the Company's broader strategy of
enabling direct participation from South African investors in the Company's
future growth as well as the ability for the seamless transfer of securities
between the UK and South Africa.

The appointment will follow the resignation of JSE Investor Services
Proprietary Limited as transfer secretary on 30 June 2025.

 

ENDS

About NEO Energy Metals Plc

Neo Energy Metals plc is a uranium developer and mining company listed on the
main market of the London Stock Exchange (LSE: NEO).

 

The Company and its South African subsidiaries, namely Neo Uranium Resources
Beisa Mine (Pty) Limited and Neo Uranium Resources South Africa (Pty)
Ltd, have continued to strengthen the uranium portfolio through conditional
agreements for the acquisitions of 100% interest in the Beisa North
and Beisa South Uranium and Gold Projects and 100% interest in the Beatrix
4 mine and shaft complex, the processing plant complex and associated
infrastructure in the Witwatersrand Basin, located in the Free State Province
of South Africa. The combined projects' total SAMREC Code compliant resource
base comprises 117 million pounds of U₃O₈ and over 5 million ounces of
gold.

Additionally, the Company holds up to a 70% stake in the Henkries Uranium
Project, an advanced, low-cost mine located in South Africa's Northern Cape
Province and a 100% interest in the Henkries South Uranium Project,
extending the Henkries Project's strike length by 10km to a total of 46km of
shallow paleo-channels proven to host uranium mineralisation through extensive
drilling and feasibility studies backed by US$30 million in historic
exploration and development expenditure.

The Company is led by a proven board and management team with experience in
uranium and mineral project development in Southern Africa. Neo Energy's
strategy focuses on an accelerated development and production approach to
generate cash flow from Henkries while planning for long-term exploration and
portfolio growth in the highly prospective uranium district of Africa.

The Company's shares are also listed on the A2X Markets (A2X: NEO), an
independent South African stock exchange, to expand its investor base and
facilitate strategic acquisitions of uranium projects, particularly within
South Africa.

For enquiries contact:

 KENYA                                                           SOUTH AFRICA
 Jason Brewer - Executive Chairman                               Theo Botoulas - Chief Executive Officer

 jason@neoenergymetals.com (mailto:jason@neoenergymetals.com)    theo@neoenergymetals.com (mailto:theo@neoenergymetals.com)

 Faith Kinyanjui - Investor Relations faith@neoenergymetals.com  Michelle Krastanov - Corporate Advisor - AcaciaCap Advisors
 (mailto:faith@neoenergymetals.com)

                                                               michelle@acaciacap.co.za (mailto:michelle@acaciacap.co.za)

                                                                 Tel: +27 (0) 11 480 8500
                                                                 James Duncan - Media Relations

                                                                 james@jmdwrite.com (mailto:james@jmdwrite.com)

                                                                 Tel: +27 (0) 79 336 4010

 

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