Proposed Capital Reorganisation & Notice of EGM

Ormonde Mining PLC

05 October 2026

 

5 October 2026                                                                                                 

Ormonde Mining plc

("Ormonde" or the "Company")

Proposed Capital Reorganisation

&

Notice of Extraordinary General Meeting

Ormonde Mining plc (AQSE: ORM), the natural resources company with investment exposure to outstanding gold exploration assets, announces that the Company is proposing to implement a capital reorganisation, comprising a subdivision and subsequent consolidation (the "Capital Reorganisation") of the Company's Existing Ordinary Shares. The Capital Reorganisation proposes 1 New Ordinary Shares and 1 B Deferred Share for every 50 Existing Ordinary Shares of €0.01 each in the Company.

The Company has today posted a circular to shareholders in connection with the proposed Capital Reorganisation which is available on its website at www.ormondemining.com (the "Circular"). The Circular contains a background to and reasons for the proposed reorganisation, to explain why the Board considers the reorganisation to be in the best interests of the Company and its Shareholders as a whole, and why the Directors recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting to be held at The Members Conference Room, RDS, 22-30 Merrion Road, Ballsbridge, D04 PH 24, Dublin 4 Ireland on Tuesday 27 October 2026 at 12 noon (GMT).

The Capital Reorganisation comprises:

·    firstly, a subdivision of the Existing Ordinary Shares (and also the unissued but authorised Ordinary Shares) which involves subdividing each issued and unissued Existing Ordinary Share into one ordinary share of €0.00001 and one B Deferred Share of €0.00999 ("Subdivided Ordinary Shares"); and

·    secondly, a consolidation of the issued and unissued Subdivided Ordinary Shares to create the New Ordinary Shares of €0.0005 each.

Immediately following the Capital Reorganisation, each existing Shareholder will hold 1 New Ordinary Share and 1 B Deferred Share in place of each 50 Existing Ordinary Shares.

Following the Capital Reorganisation, and assuming no further Existing Ordinary Shares are issued between the date of this Circular and the Capital Reorganisation becoming effective, the issued share capital will comprise 9,550,150 New Ordinary Shares and 477,507,482 deferred shares comprising the B Deferred Shares.

Background to and reasons for the proposed Share Consolidation

The Company's Existing Ordinary Shares have been trading at a discount to their nominal value of €0.01. Additionally, it is the Board's view that the increased share price, which will result from the Capital Reorganisation will be more attractive to a greater number of investors. Accordingly, Shareholders will be asked at the Extraordinary General Meeting to approve a sub-division of the Company's Existing Ordinary Shares which will have the effect of reducing the nominal value followed immediately by the consolidation of shares which will reduce the number of ordinary shares in the capital of the Company subsequently in issue.

A copy of the Circular is now available on the Company's website: https://ormondemining.com/investors/investor-notices/

Enquiries:

Ormonde Mining plc

Brian Timmons, Chairman / Brendan McMorrow, CEO

Tel: [phone]

Vigo Consulting (Investor Relations)

Ben Simons / Fiona Hetherington

Tel: [phone]

AlbR Capital Limited (Aquis Corporate Adviser)

David Coffman

Tel: [phone]

About Ormonde Mining

Ormonde is a natural resources company delivering exposure to outstanding gold exploration projects. Ormonde's portfolio comprises:

·    A 36.3% equity interest in TRU Precious Metals (TSXV: TRU), which is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada, funded by Eldorado Gold Corporation (NYSE: EGO, TSX: ELD - US$10.6 billion market cap) which has optioned the project

·    A 100% interest in two gold exploration licences in the Zamora province in western Spain, for which the Company is advancing value enhancing options

·    An 18.9% equity interest in Peak Nickel Limited, which is exploring for battery metals at the Rodburn Target-Portsoy Project in Aberdeenshire with indications of a significant deposit, fully funded by Winshear Gold Corp. (TSXV: WINS) which has optioned the project

Ormonde's shares are listed on the Aquis Stock Exchange Growth Market under the symbol AQSE: ORM.

For more information, visit the Company's website at www.ormondemining.com. 

The Directors of the Company accept responsibility for the contents of this announcement.

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END