Strategic corporate maneuvers dominated today's headlines, with Rome Resources PLC increasing its ownership in DRC exploration permits and NatWest Group announcing a $1.5 billion debt redemption. Regulatory changes also emerged as NextEnergy Solar Fund acknowledged the UK government's plan to remove Carbon Price Support from 2028, impacting the energy sector. Executive compensation was a key theme, with Ceres Power Holdings and Tertiary Minerals PLC granting substantial long-term incentives and warrants to their senior management. Rounding out the news, Team Internet Group provided regulatory disclosure regarding a director's past affiliation.
Rome Resources RMR, a DRC-focused tin and copper explorer, announced it has signed non-binding heads of terms to increase its ownership interests in exploration permits PR 15130 and PR 13274. This strategic step aims to consolidate its existing projects in the region. The company also confirmed the appointment of Stephane Mutombo Irung as a non-executive director, further enhancing its board.
NextEnergy Solar Fund NESF highlighted the UK government's announcement to legislate the removal of Carbon Price Support (CPS) from April 2028. The government stated that CPS, a tax on fossil fuels for electricity generation, has met its objectives as coal generation has largely exited the UK power mix and the UK Emissions Trading Scheme (ETS) is now established. This policy shift is expected to influence the operational and financial strategies of energy generators.
NatWest Group NWG has issued a notice of redemption for $1.5 billion of its 1.642% Senior Callable Fixed-to-Fixed Reset Rate Notes, which were due in 2027. The banking group plans to redeem all outstanding notes on 14 June 2026, ahead of their scheduled maturity. This financial action is being undertaken in accordance with the indenture terms for the notes.
Team Internet Group TIG made an AIM Rule 17 disclosure regarding Samuel Dayani, one of its non-executive directors. The company informed the market that Mr. Dayani was a director of The Emissions Capture Company Group, which was placed into compulsory liquidation on 17 July 2025. This disclosure provides transparency regarding director affiliations and prior corporate events.
Ceres Power Holdings CWR, a developer of clean energy technology, announced the grant of Long Term Incentive Plan (LTIP) share options to its Chief Executive Officer, Philip Caldwell, and Chief Financial Officer, Stuart Paynter. Philip Caldwell received 413,987 share options, while Stuart Paynter received 231,833 options. These awards carry a nominal exercise price and will vest over three years, contingent on achieving specific commercial and share price targets, with a subsequent two-year holding period.
Tertiary Minerals TYM, a London-listed explorer focusing on copper and precious metals in Zambia and Nevada, announced the grant of 47,000,000 five-year warrants. These warrants, representing 0.91% of the existing issued share capital, were distributed to both employees and directors. Directors received 35,000,000 of the warrants, which are exercisable at 0.85 pence per share and vest 12 months from the date of issue.