Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) (\"UK MAR\").\nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF BEOWULF MINING PLC.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, SINGAPORE OR SWITZERLAND.\n \n14 March 2024\n \nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\nPrimaryBid Offer\n● Beowulf announces a conditional offer for subscription of up to 266,282,272 new Ordinary Shares via PrimaryBid;\n● The Issue Price for the new Ordinary Shares is 0.61 pence per new Ordinary Share, representing a discount of 18.7 per cent to the closing mid-price of the Company's existing Ordinary Shares on 13 March 2024;\n● Investors can take part through PrimaryBid's extensive network of retail brokers, wealth managers and investment platforms, (subject to such partners' participation), which includes AJ Bell, Hargreaves Lansdown and interactive investor;\n● The PrimaryBid Offer is available to both existing shareholders and new investors;\n● There is a minimum subscription of £250 per investor in the PrimaryBid Offer;\n● No commission will be charged by PrimaryBid on applications to the PrimaryBid Offer;\nPrimaryBid Offer\nBeowulf (AIM: BEM), the mineral exploration and development company, is pleased to announce, a conditional offer for subscription of up to 266,282,272 new ordinary...