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Ajax Resources PLC announced an update on the second closing of its subscription for new ordinary shares, which originally sought to raise up to £1.5 million. The second closing is scheduled for 25 July 2025 at a revised price of 4.5 pence per Ordinary Share. This follows a first closing that raised gross proceeds of £1.0 million at 4 pence per Ordinary Share, as announced on 17 June 2025.
| Date | 25 Jul 2025 |
| Time | 07:30:00 |
| Category | Miscellaneous |
| ID | 5895S |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
25 July 2025
AJAX RESOURCES PLC
("Ajax" or the "Company")
Update on Second Closing of Subscription
Ajax, the natural resources investment company [LSE: AJAX] announces an update on the second closing of the Subscription, first announced on 23 May 2025 (the "Announcement"). As set out in the Announcement, the Company has sought to raise up to £1.5m through the subscription for new ordinary shares of 1 pence each ("Ordinary Shares").
Following the successful first closing raising gross proceeds of £1.0m at 4 pence per Ordinary Share, as announced on 17 June 2025, the Company confirms that the second closing is set for 11.59 pm BST today. The price of this second closing has been revised to 4.5 pence per Ordinary Share (from the 5 pence announced on 11 July 2025) and details regarding the number of Ordinary Shares issued under the second closing of the Subscription will be announced on 28 July 2025.
For further information:
|
Ajax Resources Plc Ippolito Cattaneo, Chief Executive Officer |
Tel: + 44 (0) 208 146 6345 info@ajaxresources.com |
|
Allenby Capital Limited (Financial Adviser) Nick Harriss / Daniel Dearden-Williams |
Tel: + 44 (0) 203 328 5656 d.dearden-williams@allenbycapital.com |