Subscription to raise £0.5m

Forgent PLC

30 September 2026

 

30 September 2026

Forgent plc
("Forgent" or the "Company")

Subscription to raise £0.5m

Forgent plc (AIM: FORG), the Australian-focused critical and precious minerals explorer, announces that it has raised £500,000 (before expenses) by way of a direct subscription (the "Subscription") with an existing high net worth shareholder for 4,166,666,667 new ordinary shares ("Shares") at a price of 0.012 pence per new Share (the "Issue Price"). The Issue Price represents a premium of approximately 9 per cent. to the closing bid price on 29 September 2026.

The subscriber shall, for every two new Shares subscribed in the Subscription, receive one warrant ("Warrant"), exercisable at 0.020p per ordinary share for a period of two years from Admission (as defined below). As a result, 2,083,333,333 Warrants will be issued.

The net proceeds of c. £447.5k will be used for operational and general working capital purposes. The new Shares are being issued under existing shareholder authorities.

Admission and Total Voting Rights

The new Shares will be issued as fully paid and will rank pari passu in all respects with the existing Shares of the Company. Application will be made to the London Stock Exchange for the new Shares to be admitted to trading on AIM ("Admission"), with Admission to become effective on AIM by no later than 8:00 a.m. on 20 October 2026. A further announcement in connection with Admission will be made in due course.

Following Admission, the Company's issued share capital will comprise 48,582,685,000 Shares, with no shares held in treasury. Upon Admission, this number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

James Parsons, Chief Executive Officer of Forgent, commented:

"We are pleased to have secured additional capital from an existing high-net-worth shareholder at a premium to the prevailing price. The funds raised will further strengthen our working capital position as we continue to advance our Western Australian portfolio. This additional capital provides us with an extended funding runway, and we would like to thank shareholders for their continued support."

For further information on Forgent plc, visit the Company’s website www.forgentplc.com or contact:

ENQUIRIES

FORGENT plc
James Parsons
c/o Camarco

Strand Hanson – Nomad & Financial Adviser
James Harris / Richard Johnson
Tel: [phone]

Global Investment Strategy UK Ltd – Broker
Christopher Kipling / Samantha Esqulant
Tel: [phone]

Camarco – Financial PR
Billy Clegg / Georgia Edmonds / Fergus Young
Tel: [phone]
Email: [e-mail]

Notes to Editors

Forgent plc is an Australian-focused critical and precious metals exploration company focused on acquiring and advancing gold, copper and nickel assets with existing mineralisation, extensive historical datasets and clear pathways to value creation, supported by an experienced management and technical team.

The Company is strategically positioned to benefit from structural demand for copper, gold and nickel, driven by electrification, data centre investment, electric vehicle adoption and gold’s continued role as a safe-haven asset and central bank reserve holding.

Forgent’s portfolio includes Peak Hill, an advanced gold-copper exploration project; an option over Mount Sholl, a nickel-copper-PGE project with a JORC-compliant resource and significant exploration target; and Green Rocks, a copper-gold project with high-grade surface mineralisation.

Follow Forgent on:

LinkedIn: linkedin.com/company/forgentplc/

X:  X.com/forgentplc

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and is disclosed in accordance with the Company’s obligations under Article 17 of that Regulation.

 

END