Announcement • May 20
Forgent plc (AIM:FORG) completed the acquisition of 51% stake in Peak Hill Metals Pty Ltd. Forgent plc (AIM:FORG) agreed to acquire 51% stake in Peak Hill Metals Pty Ltd. for $1.7 million on January 29, 2026. The consideration payable for the 51% is $1,180,672 which will be satisfied through $206,060 in cash and $974,611 through the issue of 4,808,080,933 new ordinary shares in the Company at the Placing price. The net proceeds of £1.3 million($1.8 million) Placing will be used to fund the cash consideration for the acquisition of Peak Hills, support evaluation and due diligence activities of other new assets under negotiation, continue to fund the running costs of the gasification business and provide general working capital during current turbulent markets.
The exercise of the option and the issue of the new shares is conditional on approval by shareholders of the renewal of share allotment authorities at an Extraordinary General Meeting of EGM shareholders notice for which will be issued by the Company shortly. The Company intends to enter into a standard industry joint operating agreement with the Peak Hills vendors prior to the EGM. On May 14, 2026, the transaction was approved by the shareholders of Forgent plc.
James Harris and Richard Johnson? of Strand Hanson Limited acted as financial advisor to Forgent plc.
Forgent plc (AIM:FORG) completed the acquisition of 51% stake in Peak Hill Metals Pty Ltd. on May 18, 2026 and the balance of 48% remaining under option to Forgent plc, extended for a further five months as announced on April 14, 2026. Announcement • May 19
Forgent plc has completed a Follow-on Equity Offering in the amount of £1.3 million. Forgent plc has completed a Follow-on Equity Offering in the amount of £1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,666,666,667
Price\Range: £0.00015
Transaction Features: Subsequent Direct Listing Announcement • May 16
Forgent plc Announces Litigation Settlement Resolution Forgent plc had entered into a full and final settlement in relation to the litigation, most recently announced on March 12, 2026 thereby successfully resolving a legacy legal dispute. As previously announced, the Company was a joint defendant along with five others, including David Palumbo, a director of the Company, in a legacy claim brought by SCV North Fork LLC, the original tax-credit investor at the North Fork project. Following mediation in San Francisco last month, the parties have now amicably settled their dispute to their mutual satisfaction without any admission of wrongdoing by any party. The case is SCV North Fork, LLC v. Stangl, et al., No. MCV087914 in the Superior Court for the County of Madera, State of California, United States of America. 