Appointment of Nomad and Joint Brokers

Rome Resources appoints new advisors and issues 15.8 million warrants to SP Angel.

What the company is saying

Rome Resources plc has appointed SP Angel Corporate Finance LLP as its nominated advisor and joint corporate broker, effective 22 September 2026. CREST Corporate Broking, trading as CAL Investments Limited and successor to Oak Securities, is also appointed as joint broker with immediate effect. The company highlights that SP Angel will act alongside Crest and will receive a warrant to subscribe for 15,800,000 new ordinary shares at GBP 0.0029 per share, exercisable until 2 September 2031. Paul Barrett, the Chief Executive Officer, publicly thanks Allenby for their support since the IPO and expresses optimism about working with the new advisors. The announcement confirms CREST Corporate Broking is authorised and regulated by the Financial Conduct Authority (FRN: 114008). The tone is formal and factual, focusing on governance and capital markets relationships rather than operational or financial performance.

What the data suggests

The company is issuing a warrant to SP Angel for 15,800,000 new ordinary shares at GBP 0.0029 per share, with an exercise window through 2 September 2031. This represents a potential future equity dilution if exercised, but does not immediately impact the share count or cash position. The appointments of SP Angel and Crest as nominated advisor and joint brokers are effective immediately or as of 22 September 2026, providing Rome Resources with new capital markets support. No operational, financial, or project-specific data is disclosed beyond these appointments and the warrant terms. The announcement is transparent about the terms and regulatory status of the brokers but does not provide information on current financial health, operational progress, or exploration milestones.

Analysis

The announcement is a routine corporate update regarding the appointment of new nominated advisor and joint brokers, with clear disclosure of effective dates and warrant terms. The only forward-looking language is the CEO's statement about looking forward to working with the new advisors, which is standard and not promotional. All other claims are factual and realised, such as the appointments and warrant issuance. There are no exaggerated claims about future performance, operational milestones, or financial impact. The warrant issuance is a standard part of advisor engagement and does not represent a large capital outlay with uncertain returns. No language in the release inflates the significance of the event or overstates its impact for investors.

Risk flags

• ●The issuance of 15,800,000 warrants to SP Angel introduces potential future dilution, which could impact existing shareholders if exercised.
• ●The effectiveness of the new nominated advisor and joint brokers in enhancing capital markets access or securing funding is unproven at this stage, as no immediate operational or financial outcomes are linked to these appointments.
• ●The announcement does not provide any operational, exploration, or financial performance data, leaving investors without visibility on project progress or near-term catalysts.

Bottom line

Rome Resources has made routine changes to its advisory and broking team, appointing SP Angel and Crest as nominated advisor and joint brokers. SP Angel receives a warrant for 15,800,000 shares at GBP 0.0029, exercisable through 2031, signaling a standard advisor incentive structure but not an immediate capital event. There is no new information on project milestones, exploration results, or financial performance. The practical impact for investors is limited to potential future dilution and the hope that new advisors may improve capital markets engagement. The most important takeaway is that this is a governance and capital markets housekeeping update, not an operational or financial catalyst.

Announcement summary

(AIM:RMR) Rome Resources plc has appointed SP Angel Corporate Finance LLP as its nominated advisor and joint corporate broker, effective from 22 September 2026. The company has also appointed CREST Corporate Broking (a trading name of CAL Investments Limited and successor to Oak Securities) as joint broker with immediate effect. SP Angel will act alongside Crest as joint broker to the company. As part of the appointment, SP Angel will be issued a warrant to subscribe for 15,800,000 new ordinary shares of Rome Resources plc. The warrants are exercisable at a price of GBP 0.0029 per share. The exercise period for these warrants extends up to and including 2 September 2031. Paul Barrett, Chief Executive Officer of Rome Resources, expressed gratitude to Allenby for their support since the IPO and stated the company looks forward to working with SP Angel and Crest. The announcement confirms that Crest is authorised and regulated by the Financial Conduct Authority (FRN: 114008). The company encourages investors to submit questions regarding this announcement via its investor hub. The appointments are part of Rome Resources plc’s ongoing corporate development as a DRC-focused tin explorer. The company’s ticker is AIM:RMR. The announcement was made on 22 September 2026. The company is based in the United Kingdom and operates in the DRC.

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