Pensana PLC: Strategic Moves in Equity and Incentives

In a series of strategic developments, Pensana PLC, a London-based exploration company specializing in neodymium, praseodymium, and rare earth minerals, has made significant moves in its equity structure and executive incentives. These actions are poised to bolster the company’s market position and align executive interests with long-term shareholder value.

On June 10, 2025, Pensana announced the issuance of 2,857,143 new ordinary shares, each valued at £0.001, to M&G Investment Management. This issuance has increased the company’s issued share capital to 295,228,239 ordinary shares, with no shares held in treasury. Consequently, the total number of voting rights now stands at 295,228,239. This development is crucial for shareholders, as it provides a clear denominator for calculating their voting rights and determining any necessary notifications under the Financial Conduct Authority’s Disclosure and Transparency Rules.

In tandem with the equity issuance, Pensana has also granted long-term incentive share awards to its directors, senior management, and employees. A total of 13,900,000 ordinary shares, valued at 1p each, have been allocated as part of this incentive program. The share price used for allocation purposes was 24p per share. Following these grants, the total outstanding share awards amount to 15,906,250, representing approximately 5.39% of the company’s existing issued share capital.

A notable highlight of the incentive program is the grant to Paul Atherley, Chairman of Pensana. He has been awarded 2,750,000 new share awards, with a vesting period that aligns with the company’s long-term strategic goals. This move underscores Pensana’s commitment to fostering a culture of ownership and accountability among its leadership team.

These strategic equity and incentive initiatives reflect Pensana’s proactive approach to strengthening its corporate governance and aligning the interests of its executives with those of its shareholders. As the company continues to navigate the dynamic materials sector, these measures are expected to enhance its competitive edge and drive sustainable growth.

For further information, stakeholders are encouraged to contact Pensana Plc directly. The company remains committed to transparency and shareholder engagement as it advances its exploration and mining operations globally.