Nativo Resources plc has issued 13,641,002 new ordinary shares of 0.15 pence in lieu of cash for services and accrued directors’ salaries.
TVRs
A total of 4,090,909 new ordinary shares of 0.15 pence each were issued, at a price of 0.44 pence per new ordinary share, for services.
Chief executive officer Stephen Birrell and executive chairman Christian Yates, subscribed for ordinary shares instead of receiving accrued salaries.
The directors’ salary shares will be issued at 0.475 pence per new ordinary share, representing an 8% premium to the closing market price of the company’s shares on 23 October 2025.
Mr Birrell subscribed for 6,340,229 ordinary shares in lieu of £30,116 of net salary and will hold 7,030,866 ordinary shares, representing 1.51% of the increased issued share capital of the company.
Mr Yates subscribed for 3,209,864 ordinary shares in lieu of £15,247 of net salary and will have 3,490,395 ordinary shares (0.75%).
Following admission of an aggregate 13,641,002 new ordinary shares, Nativo’s ordinary shares in issue will comprise 464,460,619, with voting rights.
The company is focused on primary gold mining, gold ore processing and the recovery of gold from tailings in Peru.