Greatland Resources Limited announced that it has conditionally placed £6,686,165 pursuant to a retail offer of new ordinary shares in the capital of the Company via RetailBook as announced on 2 June 2025 (RetailBook Offer).
The RetailBook Offer received significant demand, and so the Company has conditionally placed the full £6,686,165 (being equivalent to the maximum amount of €8 million, so as to fall within an exemption from publishing a UK prospectus). A total of 2,115,875 new ordinary shares in the capital of the Company will be issued pursuant to the RetailBook Offer (RetailBook Shares). The RetailBook Shares will be issued at a price of 316 pence per share, being the sterling equivalent of the price determined by the bookbuilding process for the separate Australian Offering (Offer Price), as announced on 16 June 2025.
Application will be made to the London Stock Exchange for 2,115,875 RetailBook Shares and the ordinary shares in the Company to be issued pursuant to the Australian Offering, to be admitted to trading on AIM (AIM Admission). AIM Admission is expected to take place and dealings in the RetailBook Shares are expected to commence at 8.00 a.m. on 23 June 2025, at which time it is also expected that the RetailBook Shares will be enabled for settlement in CREST. In addition, Greatland Resources has applied to be admitted to the Official List of the ASX and the RetailBook Shares and the shares to be issued pursuant to the Australian Offering are expected to be quoted on the ASX and commence trading on a normal settlement basis on the ASX at 1.00p.m. (Sydney Time) / 4.00 a.m. (London Time) on 24 June 2025.
Completion of the RetailBook Offer is conditional, among other things, on the Scheme being sanctioned by the UK Court and becoming effective. The RetailBook Shares, when issued, will rank pari passu with the existing Greatland Resources shares.
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 Company’s announcement of 2 June 2025.
The Joint Lead Managers to the Australian Offering are not acting for the Company with respect to the RetailBook Offer.
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | Rowan Krasnoff, Chief Development Officer
