Update on Proposed Acquisition
Vast Resources plc has announced an extension to the long stop date for its proposed Reverse Takeover of Gulf International Minerals Limited, now set for 31 July 2026. Trading in the company's ordinary shares on AIM remains suspended pending the completion of this transaction, which requires an admission document, shareholder approval at the Annual General Meeting, and readmission to trading. The company is making progress and expects to provide further updates in early July 2026.
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Vast Resources plc announces that, further to the proposed Reverse Takeover announced on 22 December 2025 and Company's announcement of 16 June 2026, it has entered into an amendment agreement with Bay Square Pacific Ltd to extend the long stop date in respect of the SPA to 31 July 2026 ("Longstop Date Extension").
As previously announced, trading in the Company's ordinary shares on AIM has been suspended pending the completion of the reverse takeover transaction pursuant to AIM Rule 14, which requires the publication of an admission document, the approval of such a transaction at the Annual General Meeting of the Company and the readmission of the Company's ordinary shares to trading on AIM. In the interim period, the Company's ordinary shares will remain suspended from trading on AIM.
The Company continues to make progress towards completion of the Proposed Transaction and will provide further updates in respect of relevant developments in early July 2026.
For further information, please visit the Company's website at www.vastplc.com or contact:
| Vast Resources plc Andrew Prelea (CEO) | +44 (0) 20 7846 0974 |
| Strand Hanson Limited - Nominated & Financial Adviser James Spinney / James Bellman / Imogen Ellis | +44 (0) 207 409 3494 |
| Shore Capital Stockbrokers Limited - Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) | +44 (0) 20 7408 4050 |
| Axis Capital Markets Limited - Joint Broker Richard Hutchinson | +44 (0) 20 3206 0320 |
| St Brides Partners Limited Susie Geliher | http://www.stbridespartners.co.uk/ +44 (0) 20 7236 1177 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.