REG - Rome Resources PLC - £1.2m subscription and proposed conditional bonus

Rome ResourcesAnnouncement

20/04/2026 07:00

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RNS Number : 0944B  Rome Resources PLC  20 April 2026

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

20 April 2026

 

Rome Resources plc

("Rome Resources" or the "Company")

 

Subscription to raise £1.2 million

and

Proposed conditional bonus award

 

Rome Resources plc (AIM: RMR), the DRC-focused tin and copper explorer,
announces that it has conditionally raised approximately £1.2 million (before
expenses) by way of a direct subscription (the "Subscription") with existing
shareholders of the Company for a total of 400,000,000 new ordinary shares of
0.1 pence each in the Company ("Ordinary Shares") at a price of 0.30 pence per
new Ordinary Share (the "Issue Price"). The Issue Price represents a discount
of approximately 8.6 per cent. to the five-day volume-weighted average price
("VWAP").

 

The board of directors of Rome Resources (the "Board" or the "Directors")
currently intend for the net proceeds of the Subscription to be used to:

·    Enable the Company to continue drilling at its Kalayi project to
provide further resource expansion beyond the next planned Mineral Resource
Estimate ("MRE") update;

·    Enable the Company to drill the two high-graded copper and tin
targets at Mont Agoma; and

·    Enable the Company to conduct an airborne geophysical survey which is
currently being planned in order to assess further exploration targets within
the remit of Rome Resources' licences.

 

The Company believes that the planned Kalayi MRE update will further
strengthen its position regarding discussions with potential strategic
partners.

 

The Company has also agreed to issue 24,000,000 warrants over new Ordinary
Shares to the introducer of the Subscription, with each warrant entitling the
holder to acquire one new Ordinary Share at the Issue Price at any time in the
five-year period from the date of Admission (as defined below) (together the
"Broker Warrants"). The Broker Warrants will be in certificated form and none
of the Broker Warrants will be admitted to trading on AIM or any other stock
exchange.

 

The 400,000,000 new Ordinary Shares to be issued pursuant to the Subscription
(the "Subscription Shares") and the Broker Warrants will be issued on a
non-pre-emptive basis pursuant to the authorities granted to the Board at the
Company's general meeting held on 2 April 2026.

 

The Subscription Shares, when issued and fully paid, will rank pari passu in
all respects with the existing Ordinary Shares in issue and therefore will
rank equally for all dividends or other distributions declared, made or paid
after the issue of the Subscription Shares.

 

Proposed conditional bonus award

 

In order to align certain members of managements long-term interests with that
of the Company's shareholders, including through, amongst other ways, the
encouragement of increasing long-term shareholder value, it is intended that
certain of the directors and members of the Company's management will be
awarded a conditional bonus in the form of new Ordinary Shares at the Issue
Price (the "Bonus Award"). The Bonus Award is anticipated to be conditional on
the Company entering into a strategic partnership in relation to its Kalayi or
Mont Agoma project. The grant of the Bonus Award will likely constitute a
related party transaction for the purposes of Rule 13 of the AIM Rules. The
Company will make a further announcement through a Regulatory Information
Service, as appropriate.

 

Admission and Disclosure Guidance and Transparency Rules

 

Application will be made to the London Stock Exchange Plc for the 400,000,000
new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will become effective on or around 5 May 2026. The
400,000,000 new Ordinary Shares will rank pari passu with the existing
Ordinary Shares. Upon Admission, Rome Resources issued ordinary share capital
will comprise 7,537,025,932 Ordinary Shares. Upon Admission, this number will
represent the total voting rights in the Company, and, following Admission may
be used by shareholders as the denominator for the calculation by which they
can determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

Paul Barrett, Chief Executive Officer of Rome Resources, commented:

 

"We are extremely grateful for the continued backing of our existing
shareholders, whose additional funding, secured following our most successful
drilling campaign to date at Kalayi, positions the Company to further
accelerate growth and expand our tin resource. This strong support reinforces
confidence in the scale and potential of the Company's projects."

 

For further information, please contact:

 

 Investor questions on this announcement                          https://romeresources.com/link/epQ79r (https://romeresources.com/link/epQ79r)

 We encourage all investors to share questions

 on this announcement via our investor hub

 Rome Resources Plc                                               Tel. +44 (0)20 3143 6748

 Paul Barrett, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)     Tel. +44 (0)20 3328 5656

 John Depasquale / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner / Lauren Wright (Sales & Corporate Broking)

 OAK Securities (Joint Broker)                                    Tel. +44 (0)20 3973 3678

 Jerry Keen, Head of Corporate Broking

 Henry Clarke, Head of Sales

 Camarco (Financial PR)                                             Tel. +44 (0)20 3757 4980

 Gordon Poole / Sam Morris

Subscribe to our news alert service: https://romeresources.com/auth/signup
(https://romeresources.com/auth/signup)

 

 

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