Business
Equity Subscription to raise £1,000,000
Ajax Resources PLC has successfully raised £1,000,000 before costs through an equity subscription, issuing 12,500,000 new Ordinary Shares at 8 pence each, with investors receiving warrants on a 1:1 basis exercisable at 16p. Additionally, £40,776 owed to suppliers has been settled through the issuance of 509,700 Capitalisation Shares at the same price, also with warrants. These funds will support conditional acquisitions announced previously and general working capital. Admission of these new shares to the Aquis Stock Exchange Growth Market is expected around 30 January 2026, at which point the Company will have 113,736,874 Ordinary Shares in issue. Disclaimer*
About this update from Ajax Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\n \n27 January 2026\nAJAX RESOURCES PLC\n \n(\"Ajax\" or the \"Company\")\n \nEquity Subscription to raise £1,000,000\n \nAjax [AQSE: AJAX], the natural resources investment company, is delighted to announce that it has raised a total of £1,000,000 (before costs) through the issue of 12,500,000 new Ordinary Shares at a price of 8 pence per Ordinary Share (the \"Subscription Shares\") by way of subscriptions (the \"Subscription\"), which has attracted the strong support of significant shareholders, the Board of Directors, and new institutional investors.\n \nInvestors will receive warrants on a 1:1 basis, exercisable at 16p per share, with a term of two years from the date of the Subscription (the \"Warrants\").\n\nThe Warrants include an acceleration mechanism whereby, if the volume-weighted average price of the Ordinary Shares equals or exceeds 25p over a continuous period of not less than ten trading days, the Company may, on notice to the holder, accelerate the expiry of the Warrants to one month.\n \nThe net funds raised through the Subscription will be utilised, alongside the Company's existing cash resources, to provide funding in respect of the conditional acquisitions announced by the Company on 19 January 2026, 11 December 2025 and 10 December 2025, and for general working capital purposes.\n \nIn addition, certain suppliers, have agreed to settle amounts due to them, totalling £40,776.00, in lieu of cash through the issue of 509,700 new Ordinary Shares, also at a price of 8 pence per Ordinary Share (the \"Capitalisation Shares\"). The Capitalisation Shares will be issued with Warrants on the same basis as above.\n \nAdmission and Total Voting Rights\n \nAn application will be made for the admission to trading on the Aquis Stock Exchange Growth Market of the Subscription Shares and the Capitalisation Shares, with admission anticipated on or around 30 January 2026 (\"Admission\").\n \nOn Admission, the Company will have 113,736,874 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rig...