Pensana PLC Announces Equity Issue
Pensana Plc, a London-based exploration company specializing in neodymium, praseodymium, and rare earth minerals, has announced an equity issue. On June 5, 2025, the company disclosed that it would issue 2,857,143 new ordinary shares, each valued at £0.001, to M&G Investment Management. This move follows an announcement made on May 30, 2025.
The new shares are set to be admitted to the Official List and will begin trading on the Main Market of the London Stock Exchange (LSE) on June 10, 2025, at approximately 08:00. These shares will rank pari passu with the existing ordinary shares, meaning they will have equal rights and privileges.
Following this issuance, Pensana Plc’s issued share capital will consist of 295,228,239 ordinary shares. The company has confirmed that no shares are held in treasury, resulting in a total of 295,228,239 voting rights. This figure is crucial for shareholders to determine if they need to notify their interest or any changes in their interest in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
For further details, stakeholders are encouraged to contact Pensana Plc’s representatives: Paul Atherley, Chairman; Tim George, Chief Executive Officer; and Rob Kaplan, Chief Financial Officer.
Company Overview
Pensana Plc operates within the Materials sector and is listed on the London Stock Exchange. As of June 3, 2025, the company’s close price was £42.2, with a 52-week high of £44.3 and a low of £13 on September 17, 2024. The market capitalization stands at £11,327,245,504. The company is renowned for its exploration and mining activities, serving a global customer base with its rare earth minerals.