Shareholder approval of Final Exchange Offer and Mandatory Buyback of blocked shares
SHAREHOLDERS ARE URGED TO READ THE SHAREHOLDER CIRCULAR PUBLISHED ON 14 JULY 2025 (THE “CIRCULAR”) AS A WHOLE AND IN ITS ENTIRETY. UNLESS OTHERWISE DEFINED HEREIN, CAPITALISED TERMS WITHIN THIS ANNOUNCEMENT HAVE THE SAME MEANING AS DEFINED IN THE CIRCULAR.
Solidcore Resources plc
Shareholder approval of Final Exchange Offer and Mandatory Buyback of blocked shares
Further to the disclosure made on 14 July 2025, Solidcore Resources plc (“Solidcore” or the “Company”) announces that at the General Meeting of the Company (“GM”) held yesterday, all Resolutions were duly passed with the results as stated further in the announcement. With this, the Company is now launching the Final Exchange Offer, to be followed, subject to the approval of the Board of Directors (the “Board”), by a procedure which will allow the Company to implement the Mandatory Buyback of all shares which continue to be held in Euroclear.
Eligible Shareholders holding their shares through the National Settlement Depository (NSD) or indirectly under Euroclear through other Russian depositories are encouraged to exchange their shares for AIX-issued shares on a one-for-one basis. Eligible Shareholders should complete transfers of their shares to the Company Securities Account by 31 October 2025 inclusively, while taking into consideration any reduced deadlines imposed by the Nominated Brokers. Contact details of the Nominated Brokers are available on the Company’s website, within the FAQ document (in Russian only) at the link: https://www.solidcore-resources.com/ru/corporate-action/.
Other persons holding their shares in Euroclear through non-sanctioned broker(s) or depositories outside of Russia (referred to in the Circular as, “Out-of-Russia Non-Sanctioned Shares”), and who have not yet transferred them to AIX are urged to do so via an AIX trading member or AIX Registrar no later than 31 October 2025 inclusively.With respect to those shares which are not successfully tendered into the Final Exchange Offer, and which continue to be held through Euroclear (referred to in the Circular as, “Targeted Shares”), the Company will be empowered to mandatorily buyback such shares at US$ 2.57 per share (the “Mandatory Buyback”) as further described in the Circular.
The Company does not intend to implement the Mandatory Buyback prior to completion of the Final Exchange Offer. Implementation of the Mandatory Buyback is in the Board’s absolute discretion.
Further details of the Final Exchange Offer and the Mandatory Buyback can be found in the Circular and press release published on 14 July 2025. The documents are available at the link: https://www.solidcore-resources.com/en/corporate-action/.
About Solidcore
Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan.
Enquiries
Investor RelationsMedia
Kirill Kuznetsov
Alina Assanova
+7 7172 47 66 55 (Kazakhstan)
ir@solidcore-resources.com
Yerkin Uderbay
+7 7172 47 66 55 (Kazakhstan)
media@solidcore-resources.kz
SHAREHOLDERS ARE URGED TO READ THE SHAREHOLDER CIRCULAR PUBLISHED ON 14 JULY 2025 (THE “CIRCULAR”) AS A WHOLE AND IN ITS ENTIRETY. UNLESS OTHERWISE DEFINED HEREIN, CAPITALISED TERMS WITHIN THIS ANNOUNCEMENT HAVE THE SAME MEANING AS DEFINED IN THE CIRCULAR.
Solidcore Resources plc
Shareholder approval of Final Exchange Offer and Mandatory Buyback of blocked shares
Further to the disclosure made on 14 July 2025, Solidcore Resources plc (“Solidcore” or the “Company”) announces that at the General Meeting of the Company (“GM”) held yesterday, all Resolutions were duly passed with the results as stated further in the announcement. With this, the Company is now launching the Final Exchange Offer, to be followed, subject to the approval of the Board of Directors (the “Board”), by a procedure which will allow the Company to implement the Mandatory Buyback of all shares which continue to be held in Euroclear.
Eligible Shareholders holding their shares through the National Settlement Depository (NSD) or indirectly under Euroclear through other Russian depositories are encouraged to exchange their shares for AIX-issued shares on a one-for-one basis. Eligible Shareholders should complete transfers of their shares to the Company Securities Account by 31 October 2025 inclusively, while taking into consideration any reduced deadlines imposed by the Nominated Brokers. Contact details of the Nominated Brokers are available on the Company’s website, within the FAQ document (in Russian only) at the link: https://www.solidcore-resources.com/ru/corporate-action/.
Other persons holding their shares in Euroclear through non-sanctioned broker(s) or depositories outside of Russia (referred to in the Circular as, “Out-of-Russia Non-Sanctioned Shares”), and who have not yet transferred them to AIX are urged to do so via an AIX trading member or AIX Registrar no later than 31 October 2025 inclusively.With respect to those shares which are not successfully tendered into the Final Exchange Offer, and which continue to be held through Euroclear (referred to in the Circular as, “Targeted Shares”), the Company will be empowered to mandatorily buyback such shares at US$ 2.57 per share (the “Mandatory Buyback”) as further described in the Circular.
The Company does not intend to implement the Mandatory Buyback prior to completion of the Final Exchange Offer. Implementation of the Mandatory Buyback is in the Board’s absolute discretion.
Further details of the Final Exchange Offer and the Mandatory Buyback can be found in the Circular and press release published on 14 July 2025. The documents are available at the link: https://www.solidcore-resources.com/en/corporate-action/.
About Solidcore
Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project (Ertis POX) in Kazakhstan.
Enquiries
Investor RelationsMedia
Kirill Kuznetsov
Alina Assanova
+7 7172 47 66 55 (Kazakhstan)
ir@solidcore-resources.com
Yerkin Uderbay
+7 7172 47 66 55 (Kazakhstan)
media@solidcore-resources.kz
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