Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Name Change to Lansdowne Resources PLC

29th May 2026 07:00

RNS Number : 1400G
Lansdowne Resources PLC
29 May 2026
 

 

29 May 2026

Lansdowne Resources PLC

("Lansdowne Resources" or the "Company")

 

Name Change to Lansdowne Resources PLC

 

Lansdowne Resources Plc (AIM: LRES) is pleased to announce that, following the passing of all resolutions at the Annual General Meeting held on 26 May 2026 and the completion of the acquisition of São Gabriel Mineração Ltda. ("SGM"), the Company's New Ordinary Shares were admitted to trading on the AIM Market of the London Stock Exchange on 27 May 2026. Dealings in the New Ordinary Shares commenced at 8.00 a.m. on 27 May 2026 under the ticker symbol LRES.

The Company announces its change of name from Lansdowne Oil & Gas PLC to Lansdowne Resources Plc with effect from 27 May 2026, following the issue of a new certificate of incorporation on change of name by the Registrar of Companies. The change of name reflects the broadened strategy of the Enlarged Group as it transitions from an oil and gas focused company to a diversified natural resources business with interests in critical minerals and energy transition commodities alongside its ongoing Energy Charter Treaty litigation.

The Company has acquired 100% of São Gabriel Mineração Ltda., a Brazilian company focused on developing the Macaubas graphite project in Bahia, Brazil, comprising two exploration licences covering 2,805.82 hectares . The project is located in a highly prospective graphite region with favourable logistics, shallow friable material amenable to low-impact mining, and the potential to host high quality large flake graphite mineralisation.

The Company raised gross proceeds of circa. £2,000,000 million through a placing and retail offer at 0.1 pence per share to fund an active 2026 exploration programme aimed at generating a Maiden Resource Estimate.

In addition, the Company continues to pursue its Energy Charter Treaty arbitration claim against the Government of Ireland seeking compensation of at least US$100 million plus interest in relation to the Barryroe oil and gas field, supported by non-recourse litigation funding from Diamond McCarthy LLP. A capital restructuring has been implemented to ensure that 80% of the net proceeds of any successful Claim are ring-fenced for Qualifying Shareholders (who have been issued with Preference Shares), with all shareholders on Readmission retaining exposure to the remaining 20%, providing the potential to build significant additional value alongside the Company's new critical minerals strategy.

 

Total Voting Rights

Following Admission, the Company's enlarged issued share capital consists of 2,638,982,667 Ordinary Shares of £0.0005 each, all carrying one vote each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Further information on the Company and the Macaubas project, including the AIM Admission Document, can be found on the Company's website at https://www.lansdowneresources.com/

 

For further information please contact:

 

Lansdowne Resources plc

Steve Boldy

 

 

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Nominated Adviser and Joint Broker

Stuart Gledhill

Charlie Bouverat

 

 

Tavira Financial Limited

+44 (0) 20 3192 1739

Joint Broker

Oliver Stansfield

Jonathan Evans

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CANAPMTTMTJTTAF

Related Shares:

Lansdowne Res
FTSE 100 Latest
Value10,363.27
Change-36.43