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Subscription for £150,000
SHUKA MINERALS PLC
(Incorporated in England and Wales)
(Registration number 05292528)
("Shuka Minerals" or "the Company")
ISIN Code: GB00BN47NP32
AIM Share Code: SKA JSE Share Code: SKA
Subscription for £150,000
Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer,
announces that the Company was approached by an African based mining investor and is
pleased to announce it has raised gross proceeds of £150,000 through a subscription
("Subscription") for 3,750,000 new ordinary shares ("Subscription Shares") at a price of 4 pence
per share.
The Subscription is on the same terms as the placing announced on 13 January 2026 and
therefore the Company has also issued 3,750,000 warrants, exercisable at 8 pence per new
ordinary share and valid for three years from the date of Admission (as defined below).
In addition, the Company has issued 225,000 new ordinary shares at price of 4 pence per share
to settle fees due to Marc Nally, a consultant to the Company ("Consultant Shares"). The Board
is grateful for Marc's continued support, including his agreement to receive Ordinary Shares in
lieu of accrued fees.
Admission
Application has been made to the London Stock Exchange for the Subscription Shares and
Consultant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission
will become effective and that dealings in the Subscription Shares on AIM will commence on
or around 8.00 a.m. on 5 June 2026. The Subscription Shares and Consultant Shares will rank
pari passu with the Company's existing ordinary shares in all respects.
Total voting rights
Following the Admission, the total issued share capital of the Company will be 131,036,139
ordinary shares, each with voting rights. The above figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company, under the FCA's Disclosure
Guidance and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse
Regulation. The Directors of Shuka are responsible for the contents of this announcement.
ENDS
Shuka Minerals plc has its primary listing on the London Stock Exchange ("AIM") and a
secondary listing on the AltX of the JSE Limited.
LONDON
3 June 2026
For enquiries contact:
Shuka Minerals Plc +44 (0)7990 503 007
Richard Lloyd
Chief Executive Officer
Nominated Adviser +44 (0)20 7213 0880
Cairn Financial Advisers LLP
Sandy Jamieson / Ludovico Lazzaretti / James
Western
JSE Sponsor & Listing Advisor +27 (11) 480 8500
AcaciaCap Advisors Proprietary Limited
Michelle Krastanov
Broker +44 (0)20 7100 5100
Tavira Financial Limited
Oliver Stansfield / Jonathan Evans
Investor Relations +44 (0)208 892 8329
Olivia Lloyd
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use of terms and phrases such as
''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the Company's future growth, results
of operations, performance, future capital and other expenditures (including the amount, nature
and sources of funding thereof), competitive advantages, business prospects and opportunities.
Such forward looking statements reflect the Directors' current beliefs and assumptions and are
based on information currently available to the Directors.
SPONSOR
AcaciaCap Advisors Proprietary Limited
Date: 03-06-2026 09:00:00
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