Serval Resources | Retail Offer
Applications Open
25 pence per share
Offer Closes: 4pm Thursday 15 October
Important information - We do not offer advice on the suitability of any Retail Offers for you. Like any investment, there are risks and it is vital that you have all the information you need to make an informed decision. If you have any doubts about its suitability, seek financial advice. The value of investments can fall as well as rise, so you may get back less than you invest. Dividends are not guaranteed and, if paid, are variable. Any decision to invest into a Retail Offer should be done solely on the basis of the information provided in the Company Announcement and any other supplementary documentation.
About Serval Resources
Serval Resources have announced their intention to raise a minimum of £6.5m via a Placing for institutional investors and a Retail Offer for individual investors.
Serval Resources is a copper and metals exploration and development company with a diversified portfolio across Namibia, Botswana and Côte d’Ivoire. The Company holds significant exploration ground in Namibia’s Kaoko Basin and Botswana’s Kalahari Copper Belt, targeting new sedimentary copper systems, while its Duekoue project in Côte d’Ivoire is being assessed for potential copper-gold mineralisation.
Use of Proceeds
The proposed fundraise is expected to accelerate exploration, including a circa 20,000-metre drilling campaign in Namibia and target definition in Botswana, with a maiden Kaoko Basin mineral resource targeted for 2027. The Company intends to capitalise on favourable long-term copper market fundamentals, with its African assets offering exposure to potential new discoveries in established mining jurisdictions.
Further information about Serval Resources and the fundraising can be found in the Company Announcement
Ready to apply?
Make sure you've read these key documents.
What’s the expected timeline?
Applications might close early, without prior warning. If you’d like to take part, we’d suggest doing your research and completing your application in good time ahead of the deadline.
| 4pm Thursday 15 October | HL applications close |
| Friday 16 October | Allocations confirmed by Secure Message |
| Monday 02 November | General Meeting |
| Tuesday 03 November | Shares credited to accounts |
Offer Details
Offer price: 25 pence representing a discount of 18% to the closing mid-price of the Company's existing shares on 06 October 2026.
Fundraising method: Short-dated. This means that applications are only open for a short period and may close early.
Minimum investment: £250
Applications close: 4pm Thursday 15 October
Applications are open to both new and existing shareholders
Once applications have closed, you will not be able to amend or cancel your order
It’s free to apply for shares. Find out more about our charges.
What happens after you apply?
You can view or cancel your application in the ‘Pending Orders’ tab of your online account during the offer period.
You will receive confirmation of your allocation by Secure Message on Friday 16 October.
Shares are expected to be credited to your account on Tuesday 03 November.
Important Information
Investing in an individual company isn’t right for everyone because if that company fails, you could lose your whole investment. If you cannot afford this, investing in a single company might not be right for you. You should make sure you understand the companies you’re investing in and their specific risks. You should also make sure any shares you own are part of a diversified portfolio.
The offer is only open to individuals who are physically located in the United Kingdom.
If the offer is oversubscribed, you may not receive the full amount that you have applied for.
Any cash not used to fund your allocation will be released back to your available balance when your allocated shares are credited to your account.
Your application will be accepted on the basis of information in the Company Announcement, HL Retail Offer Terms & Conditions and HL Risk Warning. If you are unsure whether an investment is suitable for you please seek Financial Advice.
The Retail Offer is conditional on the requisite approvals being obtained from shareholders at the general meeting of the Company expected to be held on or around Monday 02 November.
HL will receive a distribution fee to cover our costs of advertising this offer. This fee will not exceed 0.5% of the value of the shares allocated and is paid by Serval Resources. You will not be charged to participate in this offer.
Costs & Charges
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 5% annual growth rate.
| HL charges | £105.21 |
| Investment charges | £0.00 |
| Total charges | £105.21 |
| Average annual charge | 0.37% |
| Illustrative value | £6,263.91 |
| Illustrative value with no charges applied | £6,381.41 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Please refer to our tariff of charges before investing. Returns are not guaranteed.
Figures may not add up to the given total due to rounding.