Conversion of Loan Notes
Beowulf Mining plc has announced the conversion of £50,000 of unsecured convertible loan notes into 793,650 new ordinary shares of 5 pence each. This conversion will increase the company's issued ordinary share capital to 61,984,132 shares upon admission to trading on AIM, expected on 27 February 2026. This issuance is part of the terms of an investment previously announced on 22 December 2025.
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Further to the Company's announcement on 22 December 2025, Beowulf (AIM: BEM; Spotlight: BEO), the European mineral exploration and development company, announces that it has received notice from the Investor to convert £50,000 of the outstanding balance of unsecured convertible loan notes into ordinary shares of 5 pence each in the Company ("Ordinary Shares").
Accordingly, the Company will issue 793,650 new Ordinary Shares to the Investor in accordance with the investment terms.
Admission and Total Voting Rights
Applications have been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 27 February 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 61,984,132 Ordinary Shares, none of which are held in treasury. The above figure of 61,984,132 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.