Business
Further re Establishment of EBT
Richmond Hill Resources PLC has established an Employee Benefit Trust (EBT) and will issue 59,421,094 new ordinary shares to it at £0.001 per share, representing 8.27% of the enlarged share capital. These shares will be held in trust for employee incentives and will be admitted to trading on AIM around February 11, 2026. Following admission, the total number of ordinary shares in issue will be 718,264,341, which shareholders will use for notification calculations. Disclaimer*
About this update from Richmond Hill Resources Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n Richmond Hill Resources PLC\n \n (“Richmond Hill” or the “Company”)\n \n \n \n \n \n Further re Establishment of EBT\n \n \n \n Richmond Hill Resources PLC (AIM: RHR) announces that it has now established the Richmond Hill Resources Employee Benefit Trust (\"\n \n EBT\n \n \") to implement the use of an incentive plan as set out in the announcement of 17 December 2025.\n \n \n The Company intends to issue and allot 59,421,094 new ordinary shares in the Company to the EBT (the \"\n \n EBT Shares\n \n \") at a price per share of £0.001, being the Company's nominal share value, as advised in its admission document published on 26 September 2025, which is equivalent to 8.27% of the Company’s as enlarged issued ordinary share capital of the Company. These ordinary shares shall be held in the EBT on trust pending transfer upon the vesting (or exercise, as the case may be) of awards granted, and for such other purposes relating to the ongoing recruitment, retention and incentivisation of employees as may be recommended by the Company from time to time (subject to the approval of the Remuneration Committee). The Company has entered into a loan agreement with the trustees to fund the subscription of the EBT Shares by the trustees.\n \n \n \n Admission\n \n \n \n Application will be made to the London Stock Exchange for admission of the EBT Shares to trading on AIM (\"\n \n Admission\n \n \"). It is expected that Admission will become effective and dealings in the EBT Shares will commence at 8.00 a.m. on or around 11 February 2026. The EBT Shares will be issued fully paid and will rank\n \n \n pari passu\n \n \n in all respects with the Company's existing Ordinary Shares. \n \n \n \n Total voting rights\n \n \n \n Following Admission, the total number of ordinary shares in the capital of the Company in issue will be 718,264,341 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time....