When was First Class Metals PLC’s proposed share sale announced?

The proposed share sale was announced on 20 February 2026. The announcement states that Quantuma entered into the share purchase agreement in its capacity as joint administrator of The 79th Grp Limited.

How many First Class Metals PLC shares are proposed to be sold?

The proposed sale covers 48,489,768 ordinary shares in First Class Metals PLC. The announcement states that these shares represent approximately 19.0% of the company’s entire issued share capital.

Who is buying the proposed First Class Metals PLC shareholding?

The proposed buyers are Anthony Charles Harris, Darren Andrew Rowlands and James Charles Ashley Goozee. The share purchase agreement was entered into with them by Quantuma Advisory Limited, acting as joint administrator of The 79th Grp Limited alongside Kroll Advisory Limited.

How many First Class Metals PLC shares would The 79th Grp Limited retain after the proposed sale?

Following completion of the proposed share sale, The 79th Grp Limited would hold 30,062,316 ordinary shares in First Class Metals PLC. The announcement states that this would represent approximately 11.8% of the company’s issued ordinary share capital.

What does First Class Metals PLC do?

First Class Metals PLC is described in the announcement as a UK-listed exploration company advancing high-grade, district-scale gold opportunities in Ontario, Canada.

Has the First Class Metals PLC share sale completed?

The announcement describes the transaction as a proposed sale under a share purchase agreement and refers to the position following completion of the Share Sale. It does not state that completion has occurred.

Where is First Class Metals PLC listed?

First Class Metals PLC is described as a UK-listed exploration company. The announcement does not provide a ticker symbol.

Are there restrictions on distributing the First Class Metals PLC announcement?

Yes. The announcement is not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where doing so would violate the relevant laws or regulations. It also states that distribution or publication outside the United Kingdom may be restricted by law and that recipients should inform themselves about and observe those restrictions.

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Quantuma enters agreement for proposed sale of First Class Metals stake

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First Class Metals PLC

LSE:FCM
OTC:FCMXF

Quantuma enters agreement for proposed sale of First Class Metals stake

Published Friday, 20 February 2026, 11:48 AM

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Plain English summaries when First Class Metals PLC announces news.

At a glance

Company: First Class Metals PLC
Listings: LSE:FCM, OTC:FCMXF
Announcement type: Merger or acquisition
Published: Friday, 20 February 2026, 11:48 AM
Source announcement: investegate.co.uk

Key figures
Measure	Figure	Period
Ordinary shares	30,062,316 ordinary shares	Following completion of the Share Sale

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

First Class Metals PLC (FCM) said Quantuma entered a share purchase agreement for a proposed share sale.

Quantuma acted as joint administrator of The 79th Grp Limited alongside Kroll Advisory Limited.
The agreement is with Anthony Charles Harris, Darren Andrew Rowlands and James Charles Ashley Goozee.
The proposed sale covers 48,489,768 ordinary shares, representing approximately 19.0% of First Class Metals PLC.

Following completion of the Share Sale, The 79th Grp will hold 30,062,316 ordinary shares, representing approximately 11.8%.

Investor FAQs

First Class Metals PLC announced that Quantuma Advisory Limited, acting as joint administrator of The 79th Grp Limited alongside Kroll Advisory Limited, had entered into a share purchase agreement for the proposed sale of 48,489,768 ordinary shares in First Class Metals PLC. The shares represent approximately 19.0% of the company’s entire issued share capital, and the proposed sale is to Anthony Charles Harris, Darren Andrew Rowlands and James Charles Ashley Goozee.

Source announcement

Company: First Class Metals PLC
Title: Disposal
Published: Friday, 20 February 2026, 11:48 AM
Source site: investegate.co.uk

Read the source announcement on investegate.co.uk

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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Important Notice And Disclaimer

This article was generated by an artificial intelligence system from an announcement published by the issuer. It has not been independently researched, verified, or edited by a journalist, and no person holds editorial responsibility for its wording.

The issuer named in this article has not paid for this page and has no commercial relationship with its publisher. This is an unpaid evaluation preview produced from announcements the issuer published publicly, and it is not independent editorial coverage.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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