Shareholder Analysis

The information contained within this shareholder information section was last updated on 14 April 2025.

Financial Summary

Index AIM ALL

Market

AIM, AQUIS Exchange

EPIC

WSBN

Sector

Natural Resources, Mining

Financial year end

31 December

Total authorised share capital

£8,000,000

(8,000,000,000 Ordinary Shares at 0.1 pence each)

Percentage of issued share capital not in public hands

2.86%

Total issued share capital

1,248,740,307
Ordinary Shares of 0.1 pence (no Ordinary Shares are held in treasury by the Company)

Directors’ Shareholding in the Company

Name	Number of Shares Held	% of enlarged issued share capital
Richard Poulden (1)	27,799,471	2.23%
Jonathan Harrison (2)	1,974,782	0.16%
Michael Mainelli (3)	1,855,101	0.15%

Richard Poulden is deemed to be interested in 7,712,890 Ordinary Shares held in his own name and in trusts for the benefit of his family. He is also deemed to be interested in 20,086,581 shares held by the Black Swan Group of which he is Chairman.
Jonathan Harrison is deemed to be interested in 1,974,782 Ordinary Shares referred to above as follows:
1. a) 50,928 Ordinary Shares held in his own name; and
2. b) 1,923,854 Ordinary Shares held by Easy Business Consulting Ltd, a company controlled by Jonathan Harrison and owned by Jonathan Harrison and his wife.
1,855,101 Ordinary Shares are held for The Z/ Yen Employee Benefits Trust. Michael Mainelli is a director of Z/Yen Group Limited and a potential beneficiary of The Z/Yen Group Employee Benefits Trust.

Major Shareholders

The Company is aware of the following shareholders who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company:

Name	Number of Shares Held	% of enlarged issued share capital
Pershing Nominees Limited*	456,989,648	36.6%
GHC Nominees Limited	170,961,030	13.69%
The Bank of New York Limited*	125,620,165	10.06%
Hargreaves Lansdown Limited*	78,367,897	6.28%
Interactive Investor Services Nominees*	70,408,597	5.64%
HSDL Nominees Limited*	52,734,556	4.22%
Lawshare Nominees Limited*	48,982,210	3.92%

Notes:

*- as per the Company’s share register as at 28 March 2025.

+- as notified to the Company pursuant to the AIM Rules for Companies.

The above table may include an element of double counting. This is because shareholdings notified pursuant to the AIM Rules for Companies may be included in the nominee shareholdings in the Company’s share register. The Company is not able to determine in which nominee name those shareholdings notified pursuant to the AIM Rules for Companies are held.