Image source: Shutterstock

Highlights

  • Greatland Gold to restructure under a new Australian holding company, Greatland Resources Limited.

  • Dual listing planned on AIM and ASX, with share consolidation and new share offerings.

  • RetailBook Offer launched for UK investors with a minimum subscription of £250.

Greatland Gold plc (AIM:GGP) has announced a corporate reorganisation that will see the company and its subsidiaries come under the ownership of a new Australian holding entity, Greatland Resources Limited. The restructuring will be carried out through a scheme of arrangement under Part 26 of the Companies Act 2006.

As part of the restructuring process, shareholders of Greatland Gold plc will receive one new ordinary share in Greatland Resources for every twenty shares they currently hold. Following the reorganisation, Greatland Resources is expected to become the listed entity on both the Australian Securities Exchange (ASX) and AIM, subject to court approval and regulatory clearances.

The shares of Greatland Resources are currently anticipated to commence trading on AIM on 23 June 2025, with ASX trading set to begin on 24 June 2025.

Australian Share Offering

As part of its ASX listing strategy, Greatland Resources is conducting an Australian Primary Offer to raise up to AUD50 million through the issuance of new ordinary shares. Additionally, up to 66,729,557 ordinary shares will be offered in the Australian Secondary Offer, representing half of the shares to be issued to Newmont NOL Pty Ltd, a subsidiary of Newmont Corporation, under the scheme of arrangement.

The secondary offering will be managed by Bright SaleCo Limited, a special purpose vehicle created to facilitate this transaction. Together, the primary and secondary offerings comprise the Australian Offering.

Retail Offer via RetailBook

In parallel with its institutional offerings, Greatland Resources is also launching a conditional retail offer of new ordinary shares in the United Kingdom through the RetailBook platform. This offer will be open to both current shareholders of Greatland Gold plc and new retail investors.

Key details of the RetailBook Offer include:

  • Issue price to be determined upon completion of the bookbuilding process.

  • Access available through RetailBook's network, including AJ Bell, Hargreaves Lansdown, and interactive investor, subject to each platform's participation.

  • Investors can apply using tax-efficient accounts, including ISAs, SIPPs, and General Investment Accounts (GIAs).

  • Minimum subscription of £250 per investor.

  • No commission will be charged on applications made through RetailBook.

  • In case of oversubscription, priority allocation will be given to existing shareholders of Greatland Gold plc.

The company stated that the combined listing and offering initiatives aim to align its corporate structure with its operations in Australia and enhance access to both institutional and retail capital markets.