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100% ownership of Ampasindava and issue of shares
Harena Resources Plc has achieved 100% ownership of the Ampasindava Project following the acquisition of the remaining 25%. To complete this, the company will issue 66,666,666 new ordinary shares at 0.5 pence each. Admission to trading on the FCA's Official List and the London Stock Exchange is expected around September 4, 2025. Post-admission, the company will have 562,651,018 ordinary shares in issue, each with one voting right. Certain directors and shareholders, including Allan Mulligan, Joseph Belladonna, Sebastian Jurd, Trevor Bruce Benson, Stephen Francis Lynn and Edward Nealon, will receive performance shares, resulting in shareholdings of 8.83%, 1.85%, 9.32%, 3.30%, 4.62% and 3.32% respectively. Disclaimer*
About this update from Harena Rare Earths Plc
[{"type":"text","content":"\n\n28 August 2025\n \nHarena Resources Plc\n(\"Harena\" or the \"Company\")\n \n100% ownership of Ampasindava Project\nand issue of shares\n \nHarena Resources Plc (LSE: HREE), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the \"Ampasindava Project\"), is pleased to announce that the Company now owns 100 per cent. of the Ampasindava Project. This follows the completion of the commercial process to acquire the remaining 25 per cent. as referred to in the Company's prospectus published on 26 February 2025 (the \"Prospectus\").\n \nThis has triggered the issue of 66,666,666 new ordinary shares of 0.5 pence each in the share capital of the Company (\"Performance Shares\") to the vendor shareholders of Harena Resources Pty Ltd (the intermediate holding company for the Ampasindava Project) when it was acquired by the Company. Further details of the Performance Shares and the persons to whom they are being issued are set out in the Prospectus.\n \nIvan Murphy, Non-Executive Chairman of Harena, said:\n \n\"We are pleased to now control 100 per cent. of this strategically important, world class, heavy rare earth project and we look forward to moving forward towards production.\"\n \nAs a result of the issue of Performance Shares, on Admission (as defined below) the shareholdings of certain directors/PDMRs and significant shareholders will be as follows:\n \n\n\n\n\nConcert Party Member\n\n\nPosition\n\n\nNo. of Performance Shares issued\n\n\nTotal shareholding on Admission\n\n\nPercentage of enlarged share capital on Admission\n\n\n\n\nAllan Mulligan\n\n\nDirector/PDMR\n\n\n13,382,166\n\n\n49,703,564\n\n\n8.83%\n\n\n\n\nJoseph Belladonna\n\n\nPDMR\n\n\n1,700,457\n\n\n10,400,278\n\n\n1.85%\n\n\n\n\nSebastian Jurd\n\n\nShareholder\n\n\n11,528,214\n\n\n52,412,344\n\n\n9.32%\n\n\n\n\nTrevor Bruce Benson\n\n\nShareholder\n\n\n5,406,583\n\n\n18,561,615\n\n\n3.30%\n\n\n\n\nStephen Francis Lynn\n\n\nShareholder\n\n\n7,272,727\n\n\n25,995,107\n\n\n4.62%\n\n\n\n\nEdward Nealon\n\n\nShareholder\n\n\n4,436,450\n\n\n18,653,469\n\n\n3.32%\n\n\n\n\n \nThe FCA notification in respect of the issue of the Performance Shares to directors/PDMRs, made in accordance with the requirements of UK MAR, is appended further below.\n \nAdmission\n \nApplica...