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Beowulf Mining plc (BEM) ORD 0.1p

Sell:0.60p Buy:0.70p 0 Change: No change
Market closed Prices as at close on 24 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Beowulf Mining plc ORD 0.1p

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 14 Mar 2024)

What is happening?


Beowulf Mining (BEM) have announced their intention to raise up to £8m via a Swedish Rights Issue (for Swedish Investors) and a Retail Offer (for UK Investors).

 

Beowulf Mining (BEM) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 11am on Thursday 28 March. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 0.61 pence.

 

• The minimum application for the Retail Offer is £250.

 

• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.

 

• Hargreaves Lansdown will receive 0.5% commission from the Issuer as part of the Offer.


What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 11am on Thursday 28 March, the Offer will lapse.

 

Option 2 – You can choose to buy new Shares at 0.61 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 11am on Thursday 28 March. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account. By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 12pm on Thursday 28 March. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Wednesday 03 April.

 

You can view your application in the Pending Orders tab of your online account from 12pm on Wednesday 03 April.

 

Your new shares will be credited shortly before 8am on Thursday 18 April. This may be delayed in the event the company does not deliver your shares to us by this time.

 

To assist the Company during the allocation process, we may be required to disclose the number of Beowulf Mining (BEM) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Wednesday 13 March.

 

It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Beowulf Mining (BEM) announcement.

 

If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
Sell:0.60p
Buy:0.70p
Change: No change
Market closed Prices as at close on 24 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Beowulf Mining plc ORD 0.1p

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 14 Mar 2024)

What is happening?


Beowulf Mining (BEM) have announced their intention to raise up to £8m via a Swedish Rights Issue (for Swedish Investors) and a Retail Offer (for UK Investors).

 

Beowulf Mining (BEM) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 11am on Thursday 28 March. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 0.61 pence.

 

• The minimum application for the Retail Offer is £250.

 

• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.

 

• Hargreaves Lansdown will receive 0.5% commission from the Issuer as part of the Offer.


What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 11am on Thursday 28 March, the Offer will lapse.

 

Option 2 – You can choose to buy new Shares at 0.61 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 11am on Thursday 28 March. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account. By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 12pm on Thursday 28 March. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Wednesday 03 April.

 

You can view your application in the Pending Orders tab of your online account from 12pm on Wednesday 03 April.

 

Your new shares will be credited shortly before 8am on Thursday 18 April. This may be delayed in the event the company does not deliver your shares to us by this time.

 

To assist the Company during the allocation process, we may be required to disclose the number of Beowulf Mining (BEM) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Wednesday 13 March.

 

It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Beowulf Mining (BEM) announcement.

 

If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
Sell:0.60p
Buy:0.70p
Change: No change
Market closed Prices as at close on 24 May 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Beowulf Mining plc ORD 0.1p

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 14 Mar 2024)

What is happening?


Beowulf Mining (BEM) have announced their intention to raise up to £8m via a Swedish Rights Issue (for Swedish Investors) and a Retail Offer (for UK Investors).

 

Beowulf Mining (BEM) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 11am on Thursday 28 March. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 0.61 pence.

 

• The minimum application for the Retail Offer is £250.

 

• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.

 

• Hargreaves Lansdown will receive 0.5% commission from the Issuer as part of the Offer.


What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 11am on Thursday 28 March, the Offer will lapse.

 

Option 2 – You can choose to buy new Shares at 0.61 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 11am on Thursday 28 March. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account. By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 12pm on Thursday 28 March. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Wednesday 03 April.

 

You can view your application in the Pending Orders tab of your online account from 12pm on Wednesday 03 April.

 

Your new shares will be credited shortly before 8am on Thursday 18 April. This may be delayed in the event the company does not deliver your shares to us by this time.

 

To assist the Company during the allocation process, we may be required to disclose the number of Beowulf Mining (BEM) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Wednesday 13 March.

 

It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Beowulf Mining (BEM) announcement.

 

If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Beowulf Mining plc is a United Kingdom-based mining company. The Company is engaged in the exploration and development in Sweden, Finland and Kosovo. Its projects include Kallak, Atvidaberg, Aitolampi, Raapysjarvi, Karhunmaki, Mitrovica, Wolf Mountain, Majdan Peak, Mitrovica South and Viti. The Kallak iron ore deposit is located approximately 40 kilometers (km) west of Jokkmokk in the County of Norrbotten, Northern Sweden, 80km southwest of the iron ore mining center of Malmberget. The Avidaberg license area covers 225 square kilometers (Km2) and is in the Bergslagen area, southern Sweden. The Aitolampi project area is located in Eastern Finland, approximately 40km southwest of the mining town of Outokumpu. The Raapysjarvi exploration permit application is a 716 hectares (ha) exploration area situated in the municipality of Tuusniemi in Eastern Finland. The Karhunmaki project area is located in Lapua municipality within the Southern Ostrobothnia region in Western Finland.

Contact details

Address:
201 Temple Chambers, 3-7 Temple Avenue
LONDON
EC4Y 0DT
United Kingdom
Telephone:
+ (0)
Website:
https://beowulfmining.com/

Important dates

Future events
AGM 14 June 2024 14/06/24
Past events
Annual report 20 May 2024 20/05/24
General meeting 05 March 2024 05/03/24
Final results 29 February 2024 29/02/24
Quarter 3 results 29 November 2023 29/11/23
Drilling report 31 October 2023 31/10/23
Annual report 31 October 2023 31/10/23
Interim results 31 August 2023 31/08/23
AGM 29 June 2023 29/06/23
Annual report 06 June 2023 06/06/23
Quarterly results 31 May 2023 31/05/23

General stock information

EPIC:
BEM
ISIN:
GB0033163287
Market cap:
£12.62 million
Shares in issue:
1.94 billion
Sector:
Mining
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

  • Johan Roestin
    Executive Chairman of the Board
  • Edward Bowie
    Chief Executive Officer, Executive Director
  • Rasmus Blomqvist
    Managing Director Grafintec

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.