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LONDON - Miotal PLC (LSE: MIO), a special purpose acquisition company, has announced the termination of its acquisition discussions with SMT Holdings Limited, a company based in the United Arab Emirates. The Heads of Terms agreement with SMT Holdings has been dissolved as the company shifts focus to seek new opportunities in strategic metals and rare earth assets.
Following the termination of the acquisition talks, Miotal PLC has also revealed a corporate rebranding, changing its name to Wolfram Resources Plc. The name change has been officially registered with Companies House and will be reflected on the London Stock Exchange (LON:LSEG) starting from 08:00 a.m. on April 2, 2025. From that time, shares will trade under the new ticker symbol "WFR," although the ISIN (GB00BMWKKL25) will remain the same.
In addition to the name change, the company’s website will transition from www.miotal.com to www.wolframresources.com. Shareholders have been advised that the rebranding will not affect them directly; existing share certificates will remain valid and should be retained.
The Board of Wolfram Resources Plc is also seeking to have the current suspension of the company’s shares lifted by the Financial Conduct Authority (FCA) as soon as possible to resume trading.
This development comes as the company adjusts its strategic direction and looks for alternative acquisition targets within the metals and mining sector. The information is based on a press release statement by Miotal PLC.
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