Issue of Equity and Total Voting Rights

Summary by AI ^BETAClose X

Kendrick Resources Plc announced that £132,000 of its Convertible Loan Facility has been converted into 19,759,296 new Ordinary Shares at a price of 0.66804 pence per share. These new shares are expected to be admitted to trading on the London Stock Exchange's Main Market on or around 9 June 2026. Following this conversion, the company's total issued share capital will comprise 421,816,916 Ordinary Shares, which will serve as the denominator for shareholders calculating their notification obligations under the FCA's Disclosure Guidance and Transparency Rules.

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Kendrick Resources PLC

03 June 2026

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3 June 2026

Kendrick Resources Plc

("Kendrick" or the "Company" or the "Group")

Issue of Equity and Total Voting Rights

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development company announces that £132,000 of the Convertible Loan Facility announced on 10 February 2026 has been converted into 19,759,296 new Ordinary Shares of £0.0003 each ("Conversion Shares") at 0.66804 pence per share.

Application to trading: Application will be made to the London Stock Exchange for the Conversion Shares to be admitted to trading its Main Market for listed securities ("Admission"). It is expected that Admission will take place on or around at 8.00 a.m. on 9 June 2026.

Total Voting Rights: Following the issue of the Conversion Shares the Company's total issued share capital will consist of 421,816,916 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.

On Admission, the abovementioned figure of 421,816,916 Ordinary Shares may be used by shareholders in the Company 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Kendrick Resources Plc:

Chairman

Tel: +44 2039 616 086

Colin Bird

AlbR Capital Limited

Financial Adviser

Joint Broker

Tel: +44 207 469 0930

David Coffman / Dan Harris

Jon Bellis

Shard Capital Partners LLP

Joint Broker

Tel: +44 207 186 9952

Damon Heath / Isabella Pierre

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