Business
Schedule One - Ovoca Bio Plc
Ovoca Bio Plc will be renamed Talisman Metals plc and is seeking admission to AIM on January 28, 2026, following a reverse takeover of Tadeen, which holds exploration permits for copper and silver in Morocco. The company plans to raise £1.155 million, resulting in an anticipated market capitalization of approximately £4.9 million at an issue price of 7.7 pence per share. This transaction involves the issuance of 64,174,918 ordinary shares, with 39.01% not in public hands at admission. The company's accounting reference date is December 31st, with its main financial information prepared as of June 30, 2025. Disclaimer*
About this update from Talisman Metals Plc
[{"type":"text","content":"\n\n \n\n\n\n\nANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES (\"AIM RULES\")\n\n\n\n\n\n\n\n\n\nCOMPANY NAME:\n\n\n\n\n \nOvoca Bio Plc (\"Ovoca\") to be renamed Talisman Metals plc on Admission (\"Talisman\" or the \"Company\")\n \n\n\n\n\nCOMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):\n\n\n\n\n \n17 Pembroke Street Upper\nDublin 2\nD02 AT22\nIreland\n \n\n\n\n\nCOUNTRY OF INCORPORATION:\n\n\n\n\n \nIreland\n \n\n\n\n\nCOMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:\n\n\n\n\n \nhttps://www.ovocabioplc.com to be www.talismanmetalsplc.com after re-Admission\n \n\n\n\n\nCOMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:\n\n\n\n\n \nOn 7 May 2025, Ovoca announced it had entered into a conditional Letter of Intent (\"LOI\") to acquire 100% of Tadeen, a UK-registered company, which indirectly owns 100% of the Licences in Morocco, prospective for Copper and Silver (the \"Acquisition\"), through its wholly owned subsidiary, Horizons Mines SARL.\n \nTadeen was incorporated in 2021 and since that time has sought to develop and subsequently commercialise mineral exploration and exploitation properties with strong geological potential in the promising jurisdiction of Morocco. The Company will only focus its work on 10 of the exploration permits, five comprising the Tizert Project and five making up the Argana Project, with a total combined area of 129.8km2 (together the \"Exploration Permits\" for the purposes of this Document). These are between 8 and 30km from the large Tizert Copper-Silver Project being developed by the Managem SA Group (Managem) the Moroccan listed Mining Group for which the Government owns a majority stake. On completion of the Transaction, various members of the senior management team of Tadeen will be integrated into the Enlarged Group. The existing Chief Executive Officer of Ovoca, Timothy McCutcheon, will serve as Chief Executive Officer of the Enlarged Group.\n \nThe Transaction constitutes a reverse takeover under AIM R...