Landore Resources Allocates 880,921 Shares to Hannam & Partners to Settle £16,737.50 Broker Fees

Details of Share Issuance and Fee Payment Mechanism

Landore Resources has issued 880,921 ordinary shares with nil par value to Hannam & Partners as settlement for outstanding fees of a316,737.50. This share-based fee settlement aligns with common practices among AIM-listed companies, allowing brokers to receive compensation through equity rather than cash, thereby conserving company liquidity and aligning broker interests with shareholders.

The Fee Shares carry identical rights to existing ordinary shares, ranking pari passu with full voting, dividend, and economic entitlements. This arrangement enables Hannam & Partners to benefit from any future share price appreciation while receiving immediate fee settlement, reflecting a strategic approach to managing cash flow and incentivizing service providers.

Admission Process and Trading Start Date on AIM

An application has been submitted to the London Stock Exchange for the Fee Shares' admission to AIM. Admission is anticipated to take effect and trading to commence at 8:00 a.m. on or around 28 July 2026. This timing provides investors with a clear reference point for when the updated share count and voting rights will be reflected in the market.

The commencement of dealings at market open ensures orderly integration of the new shares into AIM trading systems. From this date, the Fee Shares will be freely tradable subject to any applicable restrictions related to Hannam & Partners' status as a related party or restricted person under market rules.

Effect on Share Capital and Voting Rights

Following the Fee Shares’ admission, Landore Resources’ total issued share capital will be 372,303,404 ordinary shares, all carrying voting rights, with no shares held in treasury. This figure sets the basis for calculating shareholdings under the UK Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules (DTR), which require shareholders to notify the company upon crossing specified ownership thresholds.

By confirming the absence of treasury shares, Landore Resources ensures clarity and transparency for shareholders and market participants in calculating their percentage holdings and complying with disclosure obligations.

Joint Broker and Advisory Structure at Landore Resources

The company employs a dual broker framework, with Hannam & Partners and SP Angel Corporate Finance LLP serving as joint brokers and Nominated Adviser respectively. Hannam & Partners is compensated via the Fee Shares for services totaling a316,737.50, while SP Angel Corporate Finance LLP fulfills the mandatory AIM Nominated Adviser role, providing regulatory guidance and shareholder communications support.

Alexander Shaw, Chief Executive Officer, leads the company, which focuses on minerals exploration and development. Investor communications are facilitated through an investor hub at investors.landore.com, with specific contacts provided for both Hannam & Partners (Andrew Chubb and Matt Hasson) and SP Angel Corporate Finance (Matthew Johnson, Charlie Bouverat, and Adam Cowl), ensuring efficient dialogue with market participants.

Regulatory and Administrative Aspects of the Share Issuance

This share issuance for fee settlement is an administrative transaction requiring regulatory disclosure and London Stock Exchange approval for admission to trading. Landore Resources has complied with AIM rules by announcing the issuance via a Regulatory News Service (RNS) and securing formal admission approval, confirming adherence to AIM admission standards.

The announcement details all material information, including share quantity, consideration, recipient identity, admission timing, and updated share capital, facilitating market transparency and governance compliance. Explicit confirmation of no treasury shares aids in avoiding confusion over share count and voting rights calculations.

Fee Settlement via Shares: Benefits for Growth Companies

Settling a316,737.50 in fees through share issuance rather than cash preserves Landore Resources’ liquidity, an important consideration for exploration-stage companies managing working capital for operational and development activities. For Hannam & Partners, receiving shares aligns their interests with the company’s future performance, offering potential upside alongside immediate fee settlement.

This issuance results in approximately 0.24% dilution based on the existing share base of roughly 371.4 million shares, a minimal impact considered routine for AIM-listed companies. Such equity-based fee arrangements are common among growth companies balancing cash conservation and incentivizing advisers.

Landore Resources’ Role in the AIM Exploration Sector

Operating as an AIM-listed minerals exploration and development company, Landore Resources engages professional advisers and maintains active investor communications consistent with market best practices. The share issuance timing in July 2026 coincides with ongoing investor interest in commodity-linked assets and reflects the company’s strategic capital management amid fluctuating market conditions.

The issuance of nil par value shares provides flexibility in future capital structure management, supporting potential corporate actions such as mergers, dividends, or capital adjustments.

Post-Admission Shareholding Notification Implications

After the Fee Shares are admitted on 28 July 2026, the total issued share capital of 372,303,404 will be the reference figure for FCA DTR notification thresholds. Shareholders must calculate holdings against this figure and notify the company and market upon crossing thresholds such as 3%, 5%, 10%, and others.

The clear disclosure of the total share count and absence of treasury shares ensures accurate and consistent compliance with disclosure rules, helping prevent inadvertent breaches. Investors and advisers should use this figure for all future shareholding assessments.

Broker Engagement and Market Conduct Compliance

Hannam & Partners and SP Angel Corporate Finance LLP serve as joint brokers and Nominated Adviser respectively, roles defined under AIM and FCA regulations. Hannam & Partners’ receipt of shares evidences an ongoing advisory relationship, while SP Angel Corporate Finance provides essential regulatory oversight.

The presence of reputable advisers enhances investor confidence in Landore Resources’ governance and market conduct. The dual broker structure offers diversified expertise and competitive advisory services, benefiting the company and its shareholders.