7 October 2024
This announcement is being made in accordance with Rules MDR 7.1 – 7.4 of the AIX Market Disclosure Rules.
Solidcore Resources plc (“Solidcore” or the “Company”) has completed the last (sixth) tranche of the Exchange Offer, which was announced on 23 November 2023 and approved by Shareholders on 8 December 2023.
The Company announces that a total of 19,305,830 Ordinary Shares (4.08% of the outstanding share capital) have been repurchased by the Company by 30 September 2024 under the last (sixth) tranche of the Exchange Offer (the "Sixth Eligible Shares") in consideration for the issuance of the AIX Exchange Shares, on a one-for-one basis. In total, the final number of 45,440,241 shares or 9.59% of the outstanding share capital have been repurchased since the beginning of the Exchange Offer. As it was disclosed earlier, the Company has completed the Exchange Offer.
Following the repurchase of the Sixth Eligible Shares and the issuance of the corresponding Exchange Shares, the total number of voting rights in the Company remains unchanged and is 473,690,320 Ordinary Shares at par value of US$ 0.03, each carrying one vote. The Company holds 87,054,919 Ordinary Shares in treasury, which do not enjoy any voting or economic rights. Solidcore intends to cancel these shares. However, such a cancellation is contingent upon the relaxation of the restrictions on NSD, and until such time that the restrictions are relaxed, Shares held in treasury by the Company will not be available for re-issue.
The above figure of 473,690,320 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, Solidcore under the Rule MDR 3.3 of the AIX Market Disclosure Rules.
Unless otherwise defined herein, defined terms have the same meaning as those attributed to them in the Circular: https://www.solidcore-resources.com/en/investors-and-media/shareholder-centre/general-meetings/#id-617010
Tel. +7.7172.476.655
Kirill Kuznetsovir@solidcore-resources.com