REG-Richmond Hill Resources Plc: Further re Establishment of EBT

Richmond Hill ResourcesAnnouncement

03/02/2026 07:02

Richmond Hill Resources PLC          
          (“Richmond Hill” or the “Company”)          
           
Further re Establishment of EBT

Richmond Hill Resources PLC (AIM: RHR) announces that it has now established
the Richmond Hill Resources Employee Benefit Trust ("                     EBT 
                  ") to implement the use of an incentive plan as set out in
the announcement of 17 December 2025.

The Company intends to issue and allot 59,421,094 new ordinary shares in the
Company to the EBT (the "                     EBT Shares                    ")
at a price per share of £0.001, being the Company's nominal share value, as
advised in its admission document published on 26 September 2025, which is
equivalent to 8.27% of the Company’s as enlarged issued ordinary share
capital of the Company. These ordinary shares shall be held in the EBT on
trust pending transfer upon the vesting (or exercise, as the case may be) of
awards granted, and for such other purposes relating to the ongoing
recruitment, retention and incentivisation of employees as may be recommended
by the Company from time to time (subject to the approval of the Remuneration
Committee). The Company has entered into a loan agreement with the trustees to
fund the subscription of the EBT Shares by the trustees.

Admission

Application will be made to the London Stock Exchange for admission of the EBT
Shares to trading on AIM ("                     Admission                   
"). It is expected that Admission will become effective and dealings in the
EBT Shares will commence at 8.00 a.m. on or around 11 February 2026. The EBT
Shares will be issued fully paid and will rank                               
pari passu                               in all respects with the Company's
existing Ordinary Shares.

Total voting rights

Following Admission, the total number of ordinary shares in the capital of the
Company in issue will be 718,264,341 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 share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the
London Stock Exchange plc as amended from time to time.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.                      Actual results achieved may vary from
the information provided herein as a result of numerous known and unknown
risks and uncertainties and other factors.           

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For further information, please contact:

 Richmond Hill Resources   Hamish Harris                                                 Tel: +44 (0)787958 4153    
 Cairn Financial Advisers LLP (Nominated Adviser)   Ludovico Lazzaretti / James Western  Tel: +44 (0)20 7213 0880   
 Clear Capital Limited (Broker)   Bob Roberts                                            Tel: +44 (0) 20 3869 6080  

 



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