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LONDON - Richmond Hill Resources Plc announced Monday that shareholders approved all resolutions at its General Meeting, clearing the way for the company to transfer its listing from the Aquis Growth Market to the AIM Market of the London Stock Exchange.
The company’s admission to AIM is expected to take place Wednesday, October 15, 2025, following a brief trading suspension on Aquis beginning Tuesday morning.
As part of the approved measures, Richmond Hill will complete its acquisition of Bulawayo CC Ventures Limited, a company with mining claims in Quebec, Canada. Shareholders also approved a waiver from the Takeover Panel regarding obligations that would otherwise require a general offer from the company’s Concert Party.
The company has raised approximately £1.4 million before expenses through a placing of 140 million shares at 1 pence per share. Additionally, a share reorganization will take effect Tuesday evening, with each existing ordinary share being subdivided into one new ordinary share of £0.001 and one deferred share of £0.005.
Following admission to AIM, Richmond Hill’s ordinary shares will trade under the ticker "RHR" with ISIN GB00BNTBWF32. The company’s enlarged share capital will comprise 586,583,158 ordinary shares, excluding any further shares that may be issued as part of a retail offer announced on October 8.
The board will also see changes, with Sheldon Model and David Tink joining upon admission.
This information is based on a press release statement from Richmond Hill Resources.
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