Issue of Equity for CLN Conversion & TVR
Nativo Resources Plc has announced the conversion of £100,000 of convertible loan notes held by Spartan Fund Limited into 16,137,361 ordinary shares at a price of £0.0061968 per share. This conversion reduces the outstanding principal amount of the convertible loan notes to £305,250, which mature in January 2028 with a 5% cash coupon. Following this issuance, the company's total issued ordinary share capital will be 593,203,500 ordinary shares, representing the total number of voting rights.
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Nativo Resources plc (LON:NTVO), a gold-focused mining company with interests in Peru, announces it has received a conversion notice in respect of a portion of the convertible loan notes ("CLN") held by Spartan Fund Limited (SAC) (the "CLN Holder") pursuant to the debt restructuring announced on 21 January 2025. The details follow below:
| Principal amount of CLN prior to conversion: | £405,250 |
| Amount converted on 16/01/2026: | £100,000 |
| Ordinary shares to be issued to CLN Holder in respect of the portion of CLN converted: | 16,137,361 |
| Price at which CLN converted: | £0.0061968 |
| Principal amount of CLN remaining: | £305,250 |
| Maturity: | January 2028 |
| Coupon: | 5% payable in cash, quarterly in arrears |
| Conversion terms: | CLN Holder may convert all or part of the principal at any time into Ordinary Shares at a 20% premium over the average share price of the 5 trading days prior to the date of conversion |
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 16,137,361 new Ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will take place at 8.00 a.m. on or around on 23 January 2026.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the above new Ordinary shares, its issued Ordinary share capital will comprise 593,203,500 Ordinary Shares. All the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 593,203,500. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.
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