Dual Listing – Close of ASX Offer
ASX dual listing offer closed on 15 August 2025 with A$10-15 million target at A$0.28 per CDI.
- ASX Offer target A$10-15 million
- Offer price per CDI A$0.28
- CDI to share ratio 1 CDI = 10 shares
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Ariana Resources plc (AIM: AAU, "Ariana" or the "Company"), the mineral exploration and development company with gold project interests in Africa and Europe, is pleased to advise that its Australian Securities Exchange ("ASX") dual listing offer ("ASX Offer") closed at 5pm AEST on 15 August 2025.
The Company completed the ASX Offer successfully and will be providing a further update on the completion of the ASX Offer early next week, as final subscriptions are processed.
Director Participation
Certain directors of the Company participated in the ASX Offer, details of which are outlined below:
| Name | Position | Number of CDIs subscribed for | Application Amount (A$) |
|---|---|---|---|
| Michael de Villiers | Chairman | 178,599 | $50,007.72 |
| Michael Atkins | Deputy Chairman | 90,000 | $25,200.00 |
| William Payne | Non-Executive Director | 142,857 | $39,999.96 |
| Chris Sangster | Non-Executive Director | 35,719 | $10,001.32 |
Managing Director, Dr. Kerim Sener, has also applied for 157,062 CDIs for nil cash consideration under a secondary offer made pursuant to the prospectus in lieu of outstanding director fees owed for the period from May 2025 to July 2025 (£21,245).
The ASX Offer, being an offer to raise between A$10-15 million at a price of A$0.28 per CDI, was open to eligible investors in Australia and certain other jurisdictions. Each CDI represents 10 underlying shares in the capital of the Company.
The Company is working towards the previously announced indicative ASX listing date of 15 September 2025, under the ticker code AA2.
Further information about Ariana is available on the Company's website http://www.arianaresources.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.