Ormonde Mining plc (AQSE: ORM), the natural resources company with exposure to gold exploration assets across Canada, Spain, and the UK, has confirmed that all six resolutions proposed at its Extraordinary General Meeting held on 27 October 2026 were passed. The resolutions approved a share subdivision and consolidation that reduces the company's issued ordinary share count from 477,507,482 to 9,550,150 New Ordinary Shares. Admission of the New Ordinary Shares to trading on the Aquis Growth Market is expected to become effective at 8.00 a.m. on or around 28 October 2026, with a new ISIN of IE000N7GHDG0 replacing the previous identifier.

Key Points

  • Ormonde Mining plc (AQSE: ORM) — natural resources company focused on gold exploration
  • All six EGM resolutions passed on 27 October 2026, approving the Capital Reorganisation in full
  • Issued share capital reduced to 9,550,150 New Ordinary Shares of €0.0005 each following a 50-for-one consolidation; 477,507,482 B Deferred Shares created carry no voting or dividend rights
  • Investors should watch for Aquis Growth Market admission on or around 28 October 2026 and monitor any notification obligations under the FCA's Disclosure Guidance and Transparency Rules using the new 9,550,150 denominator

How Ormonde's Share Subdivision and 50-for-One Consolidation Was Structured

Each of the company's 477,507,482 existing ordinary shares of €0.01 was first subdivided into one New Ordinary Share of €0.00001 and one B Deferred Share of €0.00999. The 477,507,482 New Ordinary Shares were then consolidated on the basis of one new share for every 50 Pre-Existing Ordinary Shares, producing a total issued ordinary share capital of 9,550,150 New Ordinary Shares of €0.0005 each. The B Deferred Shares carry no voting or dividend rights and will not be admitted to trading on the Aquis Growth Market, meaning they have no practical market value for existing holders.

Small Shareholders Holding 150 New Ordinary Shares or Fewer to Be Bought Out

As set out in the circular to shareholders dated 5 October 2026, holders with a post-consolidation balance of 150 New Ordinary Shares or fewer — representing approximately £20 in value at the prevailing market price of the Pre-Existing Ordinary Shares — will cease to be shareholders. Their shares will be aggregated and sold in the market, with proceeds donated to a registered charity or charities rather than returned directly to those former shareholders. The announcement does not name which charity or charities will receive the funds.

Ormonde's Gold and Battery-Metals Portfolio Underpinning the Reorganisation

Ormonde holds a 36.3% equity interest in TRU Precious Metals (TSXV: TRU), which is exploring in the Central Newfoundland Gold Belt, a project optioned and funded by Eldorado Gold Corporation, which carries a US$10.6 billion market capitalisation. The company also retains a 100% interest in two gold exploration licences in Zamora province, western Spain, and an 18.9% stake in Peak Nickel Limited, exploring for battery metals at the Rodburn Target-Portsoy Project in Aberdeenshire, funded by Winshear Gold Corp. (TSXV: WINS).

Near-Unanimous Shareholder Support With New ISIN Effective From Admission

Each of the six resolutions received 99.95% of votes cast in favour, with 120,115,367 votes for and 54,587 against across all resolutions. Total votes cast represented 25.17% of the issued share capital. Following the reorganisation, Ormonde's ISIN changes from IE00BF0MZF04 to IE000N7GHDG0, while its SEDOL remains unchanged. Shareholders must use the new denominator of 9,550,150 when calculating disclosure obligations under the FCA's Disclosure Guidance and Transparency Rules.