Issue of Equity; TVR
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
24 July 2025
Firering Strategic Minerals Plc
("Firering", the "Company" or the "Group") (AIM:FRG)
Issue of Equity; TVR
Firering, an exploration company focusing on strategic minerals, announces the issue of equity as detailed below.
Issue of Subscription Shares
On 24 March 2025 the Company announced that it had raised £477,000 in a Subscription, alongside the Placing which was completed on the same date. However, as the Company did not at the time have sufficient share capital authorities, the Company confirmed that the issue of shares under the Subscription would not take place until after the Company's Annual General Meeting, at which such authorities were sought.
Following the AGM earlier today, the Company can confirm that the 13,628,570 Subscription Shares have now been issued, at an issue price of 3.5 pence per share.
Issue of Warrants
In addition, and as also set out in the 24 March 2025 announcement, 2,698,392 Warrants have been issued to Shard, the Company's broker.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of 13,628,570 new Ordinary Shares to trading on AIM. It is expected that admission will become effective and dealings in the Subscription Shares will commence on AIM at 8.00 a.m. on or around 31 July 2025.
The new Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 243,367,625 with voting rights. This figure 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's issued share capital pursuant to the Company's articles of association.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made at 4.34 p.m. on 21 March 2025, unless the context requires otherwise.
ENDS
For further information visit www.fireringplc.com or contact:
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Firering Strategic Minerals Yuval Cohen |
E: info@firering-holdings.com |
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SPARK Advisory Partners Limited (Nominated Adviser) Neil Baldwin / James Keeshan |
T: +44 20 3368 3550
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Optiva Securities Limited (Joint Broker) Christian Dennis / Daniel Ingram |
T: +44 20 3137 1903 |
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Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar |
T: +44 20 7186 9950 |
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St Brides Partners Limited (Financial PR) Isabel de Salis / Susie Geliher / Seb Weller |
E: firering@stbridespartners.co.uk |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Youval Raisin |
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2
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Reason for the notification
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a)
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Position/status
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Non-Executive Chairman |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Firering Strategic Minerals PLC |
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b)
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LEI
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of €0.001 each in the share capital of Firering Strategic Minerals PLC |
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Identification code |
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b)
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Nature of the transaction
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Subscription for Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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3.5 pence |
1,428,571 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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24 July 2025 |
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f)
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Place of the transaction
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Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Yehoshua Shai Kol |
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Firering Strategic Minerals PLC |
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b)
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LEI
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of €0.001 each in the share capital of Firering Strategic Minerals PLC |
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Identification code |
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b)
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Nature of the transaction
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Subscription for Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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3.5 pence |
1,428,571 |
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d)
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Aggregated information |
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||||
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- Aggregated volume |
N/A |
||||
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||||
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- Price |
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e)
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Date of the transaction
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24 July 2025 |
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f)
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Place of the transaction
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Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
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Name
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Vassilios Carellas |
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2
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Reason for the notification
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a)
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Position/status
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Independent Non-Executive Director |
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b)
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Initial notification /Amendment
|
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
Firering Strategic Minerals PLC |
|||
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b)
|
LEI
|
||||
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of €0.001 each in the share capital of Firering Strategic Minerals PLC |
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||||
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Identification code |
|
||||
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b)
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Nature of the transaction
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Subscription for Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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3.5 pence |
285,714 |
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d)
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Aggregated information |
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||||
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- Aggregated volume |
N/A |
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||||
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- Price |
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||||
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e)
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Date of the transaction
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24 July 2025 |
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f)
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Place of the transaction
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Outside a trading venue |
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