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Direct Subscription for Shares

In brief · summary, not quotable

Rome Resources plc has conditionally raised approximately £787,500 through a direct subscription of 450,000,000 new ordinary shares at 0.175 pence per share, representing a discount to the previous day's closing bid price. These funds will support preparatory work for the next drilling campaign at the Bisie North Project in the DRC and general working capital, while the company also explores strategic partnerships for its Kalayi and Mont Agoma Projects. The new shares are expected to be admitted to trading on AIM around October 5, 2026, increasing the company's total issued share capital to 8,126,625,932 ordinary shares.

Full announcement

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Rome Resources plc (AIM: RMR), the DRC focused critical minerals explorer, announces that it has conditionally raised approximately £787,500 (before expenses) by way of a direct subscription (the "Subscription") with existing shareholders of the Company for a total of 450,000,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.175 pence per new Ordinary Share (the "Issue Price"). The Issue Price represents a discount of approximately 16 per cent. to the closing bid price on 28 September 2026.

The net proceeds will be used to fund preparatory work for the Company's next drilling campaign at its Bisie North Project in the DRC, as well as for general working capital purposes. The Company also continues to engage with potential strategic partners in relation to further developing both its Kalayi and Mont Agoma Projects.

Admission and Total Voting Rights

The Subscription shares will be issued as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made to the London Stock Exchange for the 450,000,000 Subscription shares to be admitted to trading on AIM ("Admission"). It is currently anticipated that the new Ordinary Shares will commence trading on AIM at 8:00 a.m. on or around 5 October 2026.

Following Admission, the Company's issued share capital will comprise 8,126,625,932 Ordinary Shares. Upon Admission this number will represent the total voting rights in the Company and, following Admission, may be used by shareholders as the denominator for the calculation by which they can 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.

Paul Barrett, Chief Executive Officer of Rome Resources, commented:

"We remain highly mindful of dilution, particularly given the significant discount at which we believe Rome Resources currently trades relative to the value implied by its recently updated Mineral Resource Estimate.

Against this backdrop, and following consultation with existing shareholders, we have sought to raise only the minimum capital we believe is necessary to maintain operational momentum in the DRC while we advance ongoing discussions with potential strategic partners. We are thankful to the support and commitment by the existing shareholders, demonstrating belief in the project and future potential.

We look forward to updating shareholders on progress in due course."

We encourage all investors to share questions on this announcement via our investor hub: https://romeresources.com/link/Pb694P

Rome Resources Plc Paul Barrett, Chief Executive OfficerTel. +44 (0)20 3143 6748
CREST Corporate Broking (Joint Broker) Jerry Keen (Partner)Tel. +44 (0)20 3973 3678
SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Jen Clarke Devik MehtaTel. +44 (0)20 3470 0470
Financial PR Kelsey TraynorTel. +44 (0)7495 470 187

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

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