Result of WRAP Retail Offer

In brief · summary, not quotable

WRAP Retail Offer raised £100,000; 5 million new shares issued at previously announced price.

WRAP Retail Offer gross proceeds £100,000
Equity Fundraising gross proceeds (31 January 2025) £4.4 million
New Ordinary Shares issued 5,000,000
Total issued ordinary share capital post-Admission 41,146,750

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your MET1 notes

Metals One (AIM: MET1), which is advancing strategic minerals projects in Finland and Norway, is pleased to announce the result of the WRAP Retail Offer as announced on 25 March 2025.

The Wrap Retail Offer has raised gross proceeds of £100,000 in addition to the £4.4 million gross proceeds from the Equity Fundraising announced on 31 January 2025. Accordingly, the Company will issue a total of 5,000,000 New Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.

Admission and Total Voting Rights

Applications have been made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 1 April 2025.

Upon Admission, the Company's issued ordinary share capital will consist of 41,146,750 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 41,146,750. With effect from Admission, this figure 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

LinkedIn: https://www.linkedin.com/company/metals-one-plc/

X: https://x.com/metals_one_PLC

Subscribe to our news alert service on the Investors page of our website at: https://metals-one.com.

Nominated Adviser

The Company's LEI number is: 213800WGPHJ5MC5QLJ19

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.