Retail Offer to Raise up to £100,000
Retail offer to raise up to £100,000 via BookBuild at 3p per share.
- Retail offer amount £100,000
- Issue price GBX 3 per share
- Minimum subscription per investor £100.00
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The Board of Blencowe Resources PLC (the "Company") is pleased to announce a retail offer via BookBuild (the "Retail Offer") of new ordinary shares ("Ordinary Shares") of ORD 0.5P each in the capital of the Company (the "Retail Offer Shares") at an issue price of GBX 3 per New Ordinary Share (as defined below) (the "Issue Price"), raising up to GBP100,000.
The Retail Offer is conditional on the New Ordinary Shares to be issued pursuant to the Retail Offer being listed on the Equity Shares (Transition) segment of the Official List of the Financial Conduct Authority and admitted to trading on the Main Market of the London Stock Exchange ("Admission"). Admission of the New Ordinary Shares pursuant to the Retail Offer is expected to take place at 24/04/2025. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.
The net proceeds from the Issue are expected to be used as outlined in the previous Placing announcement.
Expected Timetable in relation to the Retail Offer
| Retail Offer opens | 15/04/2025, 16:40 |
| Latest time and date for commitments under the Retail Offer | 16/04/2025, 07:40 |
| Results of the Retail Offer announced | 16/04/2025. 08:00 |
| Admission and dealings in New Ordinary Shares issued pursuant to the Retail Offer commence | 24/04/2025 |
| Dealing Codes | |
| Ticker | BRES |
| ISIN for the Ordinary Shares | GB00BFCMVS34 |
| SEDOL for the Ordinary Shares | BFCMVS3 |
Retail Offer
The Company values its retail shareholder base and given the support of retail shareholders, the Company believes that it is appropriate to provide its retail shareholders in the United Kingdom the opportunity to participate in the Retail Offer. The Company is therefore making the Retail Offer available in the United Kingdom through the financial intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/JQK4J7/authorised-intermediaries
Tavira Financial Limited will be acting as retail offer coordinator in relation to this Retail Offer (the "Retail Offer Coordinator").
The Retail Offer will be open to eligible investors in the United Kingdom at 4:40pm on 15/04/2025. The Retail Offer is expected to close at 7:40am on 16/04/2025. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.
There is a minimum subscription of £100.00 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/JQK4J7/authorised-intermediaries
The Company's LEI is 213800UXIHBIRK36GG11.
UK Product Governance Requirements
EU Product Governance Requirements
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