Business
Share Capital Reduction Effective
Power Metal Resources PLC has announced the effective reduction of its share capital, a process approved by shareholders and confirmed by the High Court of Justice. This reduction, which became effective on December 20, 2025, following registration at Companies House, aims to create distributable reserves for future corporate flexibility and distributions. Importantly, the reduction has not altered the total number of ordinary shares in issue, which remains 115,610,437, nor has it impacted their nominal value or associated rights. The change primarily affects the accounting treatment of the company's share premium account and capital redemption reserve. Disclaimer*
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n8 January 2026\n \nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\n \nShare Capital Reduction Effective\n \n \nPower Metal Resources PLC (AIM:POW) is a London listed natural resources exploration company and project incubator with a global project portfolio. On 19 September, the Company announced its intention to reduce its share capital (\"Reduction\"). On 10 November the Reduction was approved by special resolution of the shareholders at the Company's General Meeting, and on 9 December 2025, the High Court of Justice, Business and Property Courts of England and Wales, Insolvency and Companies List (ChD), (the \"Court\") made an order (\"Order\") confirming the Reduction under Section 641 of the Companies Act 2006. The purpose of the Reduction was to create distributable reserves to provide the Company with flexibility for future distributions and corporate purposes.\n \nRegistration at Companies House\nOn 20 December 2025, the Order confirming the Reduction, a statement of capital approved by the Court, and an amended version of the Company's Articles of Association was registered at Companies House, in accordance with section 649 of the Companies Act 2006 and, accordingly, the Reduction is now effective.\n \nThe Reduction has not affected the number of ordinary shares (\"Ordinary Shares\") in issue, which is still 115,610,437, nor has it affected their nominal value or the rights attaching to them. The change relates to the accounting treatment of the Company's share premium account and capital redemption reserve.\n \nFor further information please visit https://www.powermetalresources.com or contact:\n\n\n\n\n \n\n\n\n\nPower Metal Resources PLC\n\n\n\n\n\n\n\nSean Wade (Chief Executive Officer)\n\n\n+44 (0) 20 3778 1396\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP (Nomad and Joint Broker)\n\n\n\n\n\n\n\nEwan Leggat/Jen Clarke\n\n\n+44 (0) 20 3470 0470\n\n\n\n\n\n\n\n\n\n\n\n\nTamesis Partners LLP (Joint Broker)\n\n\n\n\n\n\n\nRichard Greenfield/Charlie Bendon \n\n\n+44 (0) 20 3882 2868\n\n\n\n\n\n\n\n\n\n\n\n\nBlytheRay (PR Advisors)\n\n\n\n\n\n\n\nTim Blythe/Alastair Roberts\n\n\n+44 (0) 20 7138 3204\[email protected]\n \n \n\n\n\n\n NOTES TO EDITORS\nPower Metal Resources plc (AIM: POW, OTCQB: POWMF) is ...