Update on Second Closing of Subscription

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

25 July 2025

AJAX RESOURCES PLC

("Ajax" or the "Company")

Update on Second Closing of Subscription

Ajax, the natural resources investment company [LSE: AJAX] announces an update on the second closing of the Subscription, first announced on 23 May 2025 (the "Announcement"). As set out in the Announcement, the Company has sought to raise up to £1.5m through the subscription for new ordinary shares of 1 pence each ("Ordinary Shares"). 

Following the successful first closing raising gross proceeds of £1.0m at 4 pence per Ordinary Share, as announced on 17 June 2025, the Company confirms that the second closing is set for 11.59 pm BST today.  The price of this second closing has been revised to 4.5 pence per Ordinary Share (from the 5 pence announced on 11 July 2025) and details regarding the number of Ordinary Shares issued under the second closing of the Subscription will be announced on 28 July 2025. 

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