Metals One announces retail offer at 2p per share

LONDON - Metals One PLC (AIM: MET1), a company involved in the development of strategic minerals projects in Finland and Norway, has confirmed a retail offer to raise up to £100,000. The offer, announced on January 31, 2025, will be conducted through the Winterflood Retail Access Platform (WRAP) and will involve the issuance of new ordinary shares at a price of 2 pence each.

The WRAP Retail Offer, set to close on Tuesday, March 28, 2025, is available exclusively to existing UK shareholders of Metals One. These shareholders have the opportunity to participate at the same price as the equity fundraising completed earlier today, following approval by shareholders at the company’s general meeting.

The new ordinary shares issued under the WRAP Retail Offer will rank equally with existing ordinary shares, including rights to dividends and distributions declared after the issue date. The minimum subscription per investor is set at £1,000, with terms and conditions, including commissions or fees, to be provided by participating financial intermediaries.

Admission of the new shares to trading on the AIM market is expected on April 1, 2025. The proceeds from the offer will be used in the same manner as those from the equity fundraising detailed in the January 31 announcement and the general meeting circular.

Eligibility to participate in the WRAP Retail Offer requires being a customer of a participating intermediary and a shareholder of Metals One as of today or before placing an order. The company reserves the right to amend the size of the offer, scale back orders, or reject applications without explanation. Once an application is accepted, it cannot be withdrawn.

This retail offer is being conducted in the UK under an exemption from the requirement to publish a prospectus, thus no prospectus will be published or approved by the Financial Conduct Authority or any other authority. Investors are advised to conduct their own due diligence and seek independent advice if necessary, as investments carry risks and past performance is not indicative of future results.

This announcement is based on a press release statement and is intended to provide information about Metals One’s retail offer.

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