DFC Performance Shares Issued3 Oct 2025 07:22
Blencowe Resources Plc (LSE: BRES) announces that it has issued 10,700,000 DFC Performance Shares as outlined in the prospectus dated 26 November 2024 ("Prospectus"). The DFC Performance Options were granted in recognition of obtaining the DFC grant of up to $5m. The DFC Performance Options vested following the fifth drawdown of funds on 23 May 2025. Accordingly, the Company will now issue 10,700,000 Shares (the "DFC Performance Shares") at par value of 0.5p.
Lock In Period - Each holder of the DFC Performance Shares has agreed to a lock up for a period of 12 months from Admission or until completion of the DFS, whichever is sooner.