BPM Investments 增持纳米比亚锡生产商 Andrada Mining 股份至 3.66%

BPM Investments Limited, a shareholder in Andrada Mining, has announced an increase in its stake in the Namibian tin producer. The investment firm raised its holdings from 3.16% to 3.66% by converting £577,845.28 in outstanding loan notes and accumulated interest into ordinary shares.

The conversion was part of a financing arrangement established in July 2023. BPM notified Andrada Mining on 20 October 2026 about the conversion of five loan notes. These notes included a principal of £500,000 and £77,845.28 in capitalized interest, which were converted into 11,556,905 new ordinary shares at an agreed price of five pence per share.

Before the conversion, BPM held 69,426,746 shares, representing approximately 3.16% of Andrada’s issued share capital of 2,198,914,748 shares. After the conversion, BPM’s shareholding increased to 80,983,651 shares, which constitutes approximately 3.66% of the company’s enlarged issued share capital.

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The conversion is part of an arrangement from July 2023, where Andrada issued 77 unsecured convertible loan notes, each valued at £100,000, totaling an original principal value of £7.7 million. Following this transaction, the outstanding principal under these notes has been reduced to £7.2 million, excluding interest.

Andrada has applied for the new shares to be admitted to trading on the London Stock Exchange’s AIM. Admission is expected to be effective on 26 October 2026, marking the commencement of dealings in the new shares.

With the admission of the new shares, Andrada’s total issued share capital will increase to 2,210,471,653 ordinary shares, all of which carry voting rights. Shareholders are advised to use the enlarged share capital to calculate their interests and to determine any necessary disclosures under the company’s articles, the Financial Conduct Authority’s disclosure rules, and the AIM Rules for Companies.

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