Alba Mineral Resources PLC has announced a Retail Offer for its existing retail shareholders in the United Kingdom. The offer, facilitated by CMC CapX, involves the issuance of new ordinary shares at a price of 0.035 pence per share. The Retail Offer is separate from a recently completed placing of new ordinary shares. The Retail Offer is conditional upon the Retail Offer Shares being admitted to trading on the AIM market operated by London Stock Exchange plc, with an expected admission date of 26 July 2024.

The Retail Offer is open to eligible shareholders in the United Kingdom, who must be retail shareholders of the company on or prior to the release of the announcement, resident in the United Kingdom, and customers of a participating intermediary. The offer is expected to close by 5 p.m. on Friday 19 July 2024, with the results to be announced on Monday 22 July 2024.

Eligible shareholders can participate in the Retail Offer through their broker or wealth manager, with a minimum subscription of £250 per investor. The terms and conditions, including relevant commission or fee charges, will be provided by the relevant financial intermediaries. The company reserves the right to scale back any order under the Retail Offer at its discretion and to reject any application for subscription without giving a reason. Once an application for Retail Offer Shares has been made and accepted via an intermediary, it is irrevocable and cannot be withdrawn.

The Retail Offer Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing ordinary shares in the capital of the Company. Financial intermediaries wishing to participate in the Retail Offer on behalf of eligible shareholders should contact CMC CapX, while eligible shareholders should contact their broker or wealth manager to confirm their participation in the Retail Offer.