TR-1 Notification and Block Listing Return
Amaroq Ltd. announced that shareholder JLE Group notified the company on October 24, 2025, regarding recent share transactions. The notification indicates that JLE Group's total voting rights attached to shares in Amaroq Ltd. decreased to 2.91%, representing 13,222,545 voting rights, crossing a threshold on October 23, 2025. This is a decrease from the previous notification of 4.01%, which represented 18,222,545 voting rights. Additionally, Amaroq Ltd. reported a block listing six-monthly return, indicating a balance of 9,160,981 unallotted securities under the Amaroq Ltd. Stock Option Plan from April 23, 2025, to October 23, 2025.
Select text to share a quote on X · sign in to keep highlights & notes in your AMRQ notes
TORONTO, ONTARIO – 24 October 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, has received a TR-1 notification from its shareholder JLE Group following recent share transactions.
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Amaroq Ltd. |
- Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
| Non-UK issuer | X |
- Reason for the notification (please mark the appropriate box or boxes with an “X”)
| An acquisition or disposal of voting rights | X |
| An acquisition or disposal of financial instruments | |
| An event changing the breakdown of voting rights | |
| Other (please specify): | |
| 3. Details of person subject to the notification obligation | |
| Name | JLE Property Limited, JLE Newco Ltd. |
| City and country of registered office (if applicable) | Lichfield, England |
| 4. Full name of shareholder(s) (if different from 3.) | |
| Name | |
| City and country of registered office (if applicable) | |
| 5. Date on which the threshold was crossed or reached: | 23/10/2025 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 24/10/2025 |
- Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) | |
|---|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached | 2.91 % | 2.91% | 13,222,545 | |
| Position of previous notification (if applicable) | 4.01% | 4.01% | 18,222,545 | |
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| IS0000034569 | 13,222,545 | 2.91% | ||
| SUBTOTAL 8. A | 13,222,545 | 2.91% | ||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights |
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash Settlement | Number of voting rights | % of voting rights |
| SUBTOTAL 8.B.2 | |||||
| Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information
This reflects the holdings of JLE Property Ltd and JLE Newco Ltd, each forming part of distinct corporate groups under the same UBO.
| Place of completion | Reykjavik, Iceland | |||
|---|---|---|---|---|
| Date of completion | 24/10/2025 | |||
| Block Listing Six Monthly Return | ||||
| Name of applicant: | Amaroq Ltd | |||
| Name of scheme: | Amaroq Ltd. Stock Option Plan | |||
| Period of return: | From: | 23 April 2025 | To: | 23 October 2025 |
| Balance of unallotted securities under scheme(s) from previous return: | 9,160,981 | |||
| Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): | 0 | |||
| Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 9,160,981 | |||
| Number and class of securities originally admitted and the date of admission | 9,437,395 Common Shares of no par value each, admitted on 24 November 2022 1,330,000 Common Shares of no par value each, admitted on 6 February 2023 19,480 Common Shares of no par value each, admitted on 10 August 2023 | |||
| Name of contact: | Anna Solotova, VP Corporate Legal and Corporate Secretary | |||
| Telephone number of contact: | +354 774 06 10 | |||
Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
Eddie Wyvill, Corporate Development
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.