Marshall Monteagle announces terms for $10.7m rights offer and warrant issue

Marshall Monteagle PLC, incorporated in Jersey, has finalized its renounceable rights offer, aiming to raise up to $10.7 million from shareholders. A total of 8,964,377 Rights Offer Shares will be offered to qualifying shareholders at an issue price of $1.20 per share. The offer ratio is one Rights Offer Share for every four Marshalls Shares held on the record date, Friday, 17 October 2025. The Rights Offer is not underwritten and is not conditional on a minimum subscription.

Qualifying shareholders who subscribe for Rights Offer Shares will also receive unlisted warrants. One warrant will be issued for every two Rights Offer Shares subscribed, convertible into a Marshalls Share at $1.20 within five years from 31 October 2025. This warrant issue could raise a maximum of $5.3 million. The Letters of Allocation for the Rights Offer Shares will commence trading on Wednesday, 15 October 2025, and the Rights Offer will officially open on Monday, 20 October 2025, closing on Friday, 7 November 2025.