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LONDON - Blencowe Resources PLC has initiated a retail offering to raise up to £100,000 by issuing new ordinary shares at an issue price of GBX 3 each. This offering, which opened on Thursday, is separate from the company’s concurrent placing of shares, and it is specifically targeted at retail shareholders in the United Kingdom (TADAWUL:4280).
The company has announced that the retail offer shares will be listed on the Equity Shares (Transition) segment of the Official List of the Financial Conduct Authority and will commence trading on the Main Market of the London Stock Exchange (LON:LSEG) on April 24, 2025. The offering is contingent upon the successful completion of the placing and the listing of the new ordinary shares.
Blencowe Resources values the support of its retail investors and has made the retail offer available through financial intermediaries listed on a designated website, with Tavira Financial Limited serving as the retail offer coordinator. Retail shareholders looking to participate can contact their brokers or wealth managers, who must be registered on the BookBuild platform and agree to the retail offer terms and conditions.
The retail offer opened at 4:40 pm on the day of the announcement and is set to close at 7:40 am the following day, although it may end earlier if oversubscribed. Potential investors are advised to check with their financial intermediaries for specific closing times and any applicable commissions, fees, or expenses.
The funds raised from the issue are expected to be used as outlined in the previous announcement regarding the placing. The company’s ticker on the London Stock Exchange is BRES, with the ISIN for the ordinary shares being GB00BFCMVS34 and the SEDOL BFCMVS3.
This financial move is based on a press release statement by Blencowe Resources PLC and provides retail investors an opportunity to further invest in the company’s growth.
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