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Issue of Equity and Total Voting Rights
Neo Energy Metals plc is issuing 165,042,888 new ordinary shares at £0.009 each to former directors as part of a settlement agreement, which will increase the total number of shares in issue to 2,792,628,023 upon admission to the London Stock Exchange on or around June 12, 2026. This issuance is in line with shareholder authority and will not affect the company's treasury shares, with the total voting rights remaining at 2,792,628,023. Disclaimer*
About this update from Neo Energy Metals Plc
Neo Energy Metals plc "Neo Energy" or "the Company" Issue of Equity and Total Voting Rights Neo Energy Metals plc (LSE: NEO; A2X: NEO), the uranium and gold development company focused on South Africa, announces that, pursuant to the authority granted by shareholders at the Annual General Meeting held on 18 May 2026, the Board has resolved to allot and issue 165,042,888 new ordinary shares of £0.0001 each in the capital of the Company ("New Shares") at a price of £0.009 per share. The New Shares will be issued to former directors of the Company pursuant to the terms of the settlement agreement reached between Neo Energy and the former directors to give effect to the board transition announced on 22 April 2026. Application has been made to the London Stock Exchange PLC for the admission of the New Shares to trading on the Main Market of the London Stock Exchange ("Admission"), which is expected to take place at 08h00 on or around 12 June 2026. The New Shares will rank pari passu in all respects with the existing ordinary shares of the Company. Following Admission, the Company will have 2,792,628,023 Ordinary Shares in issue. No Ordinary Shares are held in treasury and, accordingly, the total number of voting rights is 2,792,628,023. Therefore, this figure may be used by shareholders in the Company as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. ENDS About Neo Energy Metals plc Neo Energy Metals plc is a uranium and gold company listed on the London Stock Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE Main Board listing targeted for 2026. The Company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds ("Mlb") of uranium and 1.2 million ounces ("Moz") of gold. New Beisa Node - Free State Goldfields The New Beisa Uranium/Gold Project, to be known as the New Beisa Node, is a brownfields uranium and gold development located on the Beatrix 4 shaft property near Virginia in the Free State Goldfields, one of the highest-grade uranium-bearing regions in the world. The project is being acquired from Sibanye-Stillwater, which operated the Beatrix 4 shaft complex ...
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