Wrexham Lease Agreement and RPT
Summary by AI BETAClose X
3 November 2025
Majestic Corporation Plc
(the "Company" or "Majestic")
Wrexham Lease Agreement and Related Party Transaction
Majestic Corporation Plc (AQSE:MCJ / OTCQB:MCJCF), a sustainable circular economy solutions provider specialising in recycling and non-ferrous metals, is delighted to provide an update on the planned launch of a new 50,000 sq. ft. facility in Wrexham, Wales.
The Company's wholly owned subsidiary, Telecycle Europe Limited, has entered into a Lease Agreement at Unit 1, Redwither Business Park, First Avenue, Wrexham, with Wrexham Holdings Limited, a company wholly owned by Peter Lai, Chairman and CEO of Majestic, for £130,000 per annum for a five-year term.
The facility enables the Company to meet the growing demand for processing e-waste, battery materials, IT infrastructure, and solar renewables across the UK and Europe, supported by Majestic's existing 4,000 sq. ft. site in Deeside, Wales.
Related Party Transaction
As Peter Lai is a Director and 71.85% shareholder of Majestic, as well as a Director and the sole shareholder of Wrexham Holdings Limited, this is considered a related party transaction under the Aquis Growth Market Rulebook. Having exercised reasonable care, skill and diligence, the Directors of Majestic (excluding Peter Lai) deem the terms of the Lease Agreement to be fair and reasonable as far shareholders are concerned.
Peter Lai, Chairman, CEO and Founder of Majestic Corporation, commented:
"This facility marks a major step forward in our mission to enable a truly circular economy. By increasing our capacity to handle complex waste streams, we're not only meeting rising demand but also ensuring more of this critical processing happens locally, here in the UK. Ultimately, this means we're delivering more to our customers and with greater efficiency."
For further information, please visit www.majestic-corp.com, or contact:
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Majestic Corporation Plc Peter Lai (Founder and CEO) Joe Lee (CFO) |
E: peter@majestic-corp.com E: joe@majestic-corp.com
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Guild Financial Advisory Limited - Corporate Adviser Ross Andrews Evangeline Klaassen |
T: +44 (0)7973 839767 E: ross.andrews@guildfin.co.uk T: +44 (0)7972 841276 E:evangeline.klaassen@guildfin.co.uk
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Redchurch Communications Financial PR & IR
John Casey / Nicky Bagheri |
T: +44 (0) 207 870 3974 |
About Majestic Corporation PLC
Majestic Corporation PLC is an emerging leader in sustainable circular economy solutions, specialising in recycling and recovering precious and base metals from everyday materials such as electronics, catalytic converters, and solar and battery materials. The company serves some of the world's largest brands, including Original Equipment Manufacturers (OEMs), blue-chip multinational corporations, financial and leasing businesses, and state and federal governments.
Through its subsidiaries and affiliate companies in strategically located regions, including Europe, North America, and Asia (ex. China), Majestic procures, processes, and ships e-waste to smelter and refinery partners who extract precious and base metals for re-entry into global supply chains.
Majestic and its network's areas of focus include catalytic converters, printed circuit boards, solar panels, battery materials, precious metals recovery, and non-ferrous metals.
As Majestic continues to expand its footprint as a circular economy solutions provider, it remains committed to making a positive environmental impact, adhering to ESG values, and driving its business model through immediate and short-cycle cash flow, which strengthens the Company's performance and sustainability.
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