Issue of Equity in lieu of past director’s fees

In brief · summary, not quotable

Shuka Minerals Plc announced the issuance of 375,000 new ordinary shares at 4 pence per share to settle accrued fees owed to a former director. These shares are expected to be admitted to trading on AIM around July 29, 2026. Following this issuance, the company's total issued share capital will be 143,762,497 ordinary shares, with no shares held in treasury. This announcement contains inside information relevant to the UK Market Abuse Regulation.

Full announcement

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Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, announces that it has agreed to issue 375,000 new ordinary shares at a price of 4 pence per share (the "Fee Shares") in lieu of accrued fees owed to a former director.

Admission and total voting rights

Application will be made to the London Stock Exchange for the Fee Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8.00 a.m. on or around 29 July 2026.

Following Admission, the total issued share capital of the Company will comprise 143,762,497 Ordinary Shares, each with voting rights. The Company holds no Ordinary Shares in treasury. The figure of 143,762,497 may be used by shareholders 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.

The Directors of Shuka are responsible for the contents of this announcement.

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