ZOE.L Regulatory News (ZOE)

THIS ADVERTISEMENT RELATES TO A PROSPECTUS FOR HIGHLANDS NATURAL RESOURCES PLC prepared in accordance with the Prospectus Rules of the Financial Conduct Authority (the "FCA") made under section 73A of FSMA and approved by the FCA under section 87A of FSMA. ThE PROSPECTUS has been filed with the FCA and made available to the public in accordance with Rule 3.2 of the Prospectus Rules. 

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. INVESTORS SHOULD NOT SUBSCRIBE IN THE ORDINARY SHARES, EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS. A COPY OF THE PROSPECTUS PUBLISHED ON 6 JULY 2017 IS AVAILABLE ON THE COMPANY'S WEBSITE AT WWW.HIGHLANDSNR.COM.

INVESTORS SHOULD CONSIDER THE TERMS OF THE PROSPECTUS CAREFULLY BEFORE MAKING ANY SUBSCRIPTION FOR NEW ORDINARY SHARES, AND IN PARTICULAR PARAGRAPH B11 OF THE SUMMARY CONTAINED THEREIN.

INVESTORS SHOULD BE AWARE THAT AN INVESTMENT IN THE COMPANY INVOLVES A SIGNIFICANT DEGREE OF RISK AND THAT, IF CERTAIN OF THE RISKS DESCRIBED IN THIS DOCUMENT OCCUR, INVESTORS MAY FIND THEIR INVESTMENT IS MATERIALLY ADVERSELY AFFECTED.

ACCORDINGLY, AN INVESTMENT IN THE ORDINARY SHARES IS ONLY SUITABLE FOR INVESTORS WHO ARE PARTICULARLY KNOWLEDGEABLE IN INVESTMENT MATTERS AND WHO ARE ABLE TO BEAR THE LOSS OF THE WHOLE OR PART OF THEIR INVESTMENT.

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY DARWIN STRATEGIC LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. PRIMARYBID LTD IS AN APPOINTED REPRESENTATIVE OF DARWIN STRATEGIC LIMITED.

Highlands Natural Resources plc

("Highlands" or the "Company")

06 July 2017

Offer to raise not less than £2.0 million via PrimaryBid

Highlands, the London-listed natural resources company, is pleased to announce a conditional offer via PrimaryBid to raise not less than £2.0 million (before expenses) (the "Offer) by the issue and allotment by the Company of 16,666,667 new ordinary shares each in the Company ("New Ordinary Shares") at an offer price of 12 pence per New Ordinary Share, being a discount of approximately 21.3 per cent to yesterday's closing price mid-price.

The Company is pleased to provide private and other investors the opportunity to participate in the Offer online, subject to the terms of the Prospectus, by applying through the PrimaryBid.com website and the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service.

The Offer is conditional, inter alia, on the passing of resolutions authorising the issue of New Ordinary Shares at the Company's General Meeting which is expected to be convened at 11.00 am on 31 July 2017. 

Further information on the Offer is included in the announcement made by the Company at earlier. today. The terms of the Offer are set out in a prospectus approved by the UK Listing Authority under section 87A of the Financial Services and Markets Act 2000 ("Prospectus"). A copy of the Prospectus is available from https://www.highlandsnr.com and a copy has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.hemscott.com/nsm.do

The Company may, at its sole discretion, elect to increase the total number of New Ordinary Shares available under the Offer.

Highlights

· Offer at 12 pence per New Ordinary Share ("Issue Price") to raise an aggregate of approximately £2.0 million (before expenses).

· PrimaryBid has committed to subscribe not less than £2 million.

· The Company values its private investor base and is therefore opening the Offer to individual and institutional investors exclusively on PrimaryBid.com from 5.00 p.m. on 6 July 2017 to 9.00 p.m. on 6 July 2017. PrimaryBid Limited is acting as sole arranger for the Offer.

· Subscriptions under the Offer will be considered by the Company on a "first come, first served" basis subject to conditions.

No commission is charged to investors on applications to participate in the PrimaryBid Fundraise made through PrimaryBid. It is vital to note that once an application for New Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn. The maximum investment amount under the Offer for any investor is £100,000. Any investment request over £100,000 will first require the Company's consent.

For further information on PrimaryBid.com or the procedure for applications under the offer, visit www.PrimaryBid.com or call PrimaryBid.com on +44 (0)20 7491 6519. 

The outcome of the Offer will be announced on or around 7 July 2017.

**ENDS**

Enquiries: