Launch of Retail Offer

RNS Number : 5495Z

Abenojar Tungsten S.A

19 October 2026

 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”) AND HAS BEEN APPROVED BY RETAIL BOOK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 994238). THIS FINANCIAL PROMOTION IS NOT INTENDED TO BE INVESTMENT ADVICE.

 

This announcement is an advertisement for the purposes of Chapter 12 of the Prospectus Rules: Admission to Trading on a Regulated Market (“PRM”) of the UK Financial Conduct Authority (the “FCA”) and is not a prospectus nor an offer to sell, or a solicitation of an offer to subscribe for or to acquire, securities in any jurisdiction, including in or into the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore or South Africa.

 

Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any securities referred to in this announcement except solely on the basis of the information in the price range prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the “Prospectus”), including the risk factors set out therein, published by Abenójar Tungsten, S.A. (“Abenójar Tungsten” or the “Company”) in connection with the proposed offer of shares in the Company (the “Shares”) and the proposed admission of such Shares to listing in the equity shares (commercial companies) category of the Official List of the FCA and to trading on the main market for listed securities of London Stock Exchange plc. A copy of the Prospectus published by Abenójar Tungsten is available for inspection at https://abtungsten.es/en/investors, subject to certain access restrictions.

 

19 October 2026

 

Abenójar Tungsten, S.A.

(“Abenójar Tungsten” or the “Company”)

 

Launch of Retail Offer

 

• Following the announcement of the publication of the Prospectus earlier today in connection with its initial public offering, Abenójar Tungsten is pleased to announce the launch of a public offer of Shares to retail investors resident and physically located in the United Kingdom via RetailBook (the “Retail Offer”).
• The issue price for the Shares will be determined following the close of the bookbuilding process and set out in a pricing statement.
• Eligible investors can take part through RetailBook’s partner network of retail brokers, wealth managers and investment platforms (subject to such partners’ participation).
• Applications for Shares through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (“GIAs”).
• There is a minimum subscription of £250 per investor in the Retail Offer.
• No commission will be charged by RetailBook on applications to the Retail Offer.
• Brokers wishing to offer their customers access to the Retail Offer and future RetailBook transactions, should contact partners@retailbook.com.
• For more information on how to participate in the Retail Offer, please click https://app.retailbook.com/offers/.

 

The Retail Offer

 

The Retail Offer is being made on the basis outlined in the Prospectus, alongside an offer of Shares to certain institutional investors (the “Institutional Offer” and, together with the Retail Offer, the “Offer”).

 

The Retail Offer will not be completed without the Institutional Offer also being completed, but completion of the Institutional Offer is not conditional on completion of the Retail Offer.

 

The terms and conditions of the Retail Offer are set out in Part XVI of the Prospectus.

 

Further information on Abenójar Tungsten and its business is set out in the Prospectus, which is or will shortly be available on Abenójar Tungsten’s website at https://abtungsten.es/en/investors, subject to certain access restrictions, the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on https://app.retailbook.com/offers/abenojar-tungsten-sa and from participating retail brokers, wealth managers and investment platforms, subject to applicable securities laws and regulations.

 

Expected Retail Offer Timetable

 

Event		Time and Date
Launch of the Retail Offer		19 October 2026
Latest time and date for receipt of Intermediary Applications in respect of the Retail Offer (Retail Offer closes)		5.00 p.m. on 26 October 2026
Retail Offer results announcement		27 October 2026
Admission and commencement of unconditional dealings on the London Stock Exchange		8:00 a.m. on 30 October 2026

All dates are indicative and subject to change. All times are London time.

 

The Retail Offer may close earlier at the discretion of the Company.

 

Accessing the Retail Offer

 

Eligible investors can participate in the Retail Offer through RetailBook’s partner network of investment platforms, retail brokers and wealth managers, subject to such partners’ participation.

 

More information on how to apply to participate in the Retail Offer (including a full list of RetailBook’s distribution partners) can be found here: https://app.retailbook.com/offers/abenojar-tungsten-sa.

 

Applications for Shares through participating partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as GIAs. Investors wishing to apply using their ISA, SIPP or GIA should contact their investment platform, retail broker or wealth manager for details of their terms and conditions, process and any relevant fees or charges.

 

The Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the other Shares to be issued pursuant to the Institutional Offer including the right to receive all dividends and other distributions declared, made or paid after their date of issue.

 

Brokers wishing to offer their customers access to the Retail Offer and future RetailBook transactions, should contact partners@retailbook.com. UK investors that wish to receive alerts for future RetailBook transactions should sign up here: https://www.retailbook.com/get-started.

 

Eligibility for the Retail Offer

 

To be eligible to participate in the Retail Offer, applicants must be a customer of a participating partner. Eligible investors wishing to subscribe for Shares should contact their investment platform, retail broker or wealth manager to confirm if they are participating in the Retail Offer. Some partners may only accept applications from existing customers.

 

There is a minimum subscription of £250 per investor.

 

The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the Retail Offer.

 

The Company reserves the right to scale back any order under the Retail Offer at its discretion. The Company reserves the right to reject any application for subscription under the Retail Offer without giving any reason for such rejection.

 

Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice.

 

It should be noted that a subscription for Shares and investment in the Company carries a number of risks. Investors should take independent advice from a person experienced in advising on investment in securities such as the Shares if they are in any doubt.

 

An investment in the Company will place capital at risk. The value of your investment in the Company and any income from it is not guaranteed and can go down as well as rise due to stock market and currency movements. When you sell your investment, you may get back less than the amount originally invested.

 

Neither past performance nor any forecasts should be considered a reliable indicator of future results.

 

This announcement should be read in its entirety. In particular, the information in the “Important Notices” section of the announcement should be read and understood.

 

Enquiries

 

Tavistock Communications (PR adviser to Abenójar Tungsten) Jos Simson, Gareth Tredway, Abigail Gilchrist	T: +44 (0)207 920 3150 abt@tavistock.co.uk
Retail Book Limited Mike Ward / James Deal	capitalmarkets@retailbook.com

Further information on the Company can be found on its website at www.abtungsten.es.

 

Important Notices

 

The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by Retail Book Limited (“RetailBook”) solely for the purposes of section 21(2)(b) of FSMA.

 

The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does this announcement constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

 

This announcement is not for release, publication or distribution in whole or in part, directly or indirectly, in or into or from the United States (including its territories or possessions or any State of the United States and the District of Columbia, together, the “United States”), Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such release, publication or distribution would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

This announcement does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or otherwise invest in, Shares to any person in any jurisdiction, to whom or in which such offer or solicitation is unlawful, including the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore or South Africa. The Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. The Company has not registered and does not intend to register any part of the offering in the United States.

 

There will be no public offering of securities by the Company, in connection with the Offer, in the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore or South Africa. Subject to certain exceptions, the Shares may not be offered or sold in Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore or South Africa.

 

This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “targets”, “proposes”, “aims”, “envisages”, “anticipates”, “expects”, “intends”, “may”, “might”, “will”, “forecast”, “continues”, “would”, “could”, “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These statements reflect beliefs of the directors of the Company (the “Directors”) as well as assumptions made by the Directors and information currently available to the Company and its subsidiaries. Although the Directors consider that these beliefs and assumptions are reasonable, by their nature, forward-looking statements reflect the current view of the Company and its subsidiaries with respect to future events and involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company and its subsidiaries’ actual financial position, results of operations, cash flows, liquidity, prospects, growth, strategies or other outcomes to be materially different from those expressed or implied by such statements.

 

The forward-looking statements in this announcement speak only as at the date of this announcement. Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate and none of the Company, its subsidiaries, RetailBook nor any of such persons' respective affiliates or their respective directors, officers, employees, agents and/or advisers, nor any other person, accepts any responsibility for the accuracy of such forward-looking statements nor the assumptions underlying any of them nor the fairness of the opinions expressed in this announcement. Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation that trends or activities underlying past performance will continue in the future. Forward-looking statements may and often do differ materially from actual results. No representation or warranty is made that the outcomes expressed or implied by any forward-looking statement will come to pass or that any forecast results will be achieved. In addition, even if the outcomes expressed or implied in any forward-looking statement do come to pass, such outcomes may not be indicative of outcomes in subsequent periods. None of the Company, RetailBook or any other person undertakes any obligation to update, supplement, amend or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, for any reason except to the extent required by law. You are therefore cautioned not to place undue reliance on forward-looking statements.

 

Any subscription or purchase of Shares in the Offer should be made solely on the basis of information contained in the Prospectus published by the Company in connection with the Offer. However, potential investors should note that the approval by the FCA of the Prospectus should not be understood as an endorsement by the FCA of any securities offered or admitted to trading on a regulated market.

 

The information in this announcement is subject to change. Before making any investment decision, potential investors should read the Prospectus in order to understand the potential risks and rewards associated with a decision to invest in the Shares, and should ensure that they fully understand and accept such risks. This announcement shall not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to acquire, whether by subscription or purchase, any Shares or any other securities, nor shall this announcement (or any part of it), or the fact of its distribution, form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.

 

Nothing contained in this announcement constitutes or should be construed as being: (i) investment, financial, tax, accounting or legal advice; (ii) a representation that any investment or investment strategy is suitable or appropriate to your particular circumstances; or (iii) a personal recommendation to you. No statement contained in this announcement is intended to be, nor shall any such statement be construed as, a profit forecast.

 

RetailBook is a proprietary technology platform owned and operated by Retail Book Limited (registered address at 10 Queen Street Place, London EC4R 1AG). Retail Book Limited is authorised and regulated in the United Kingdom by the FCA (FRN 994238).

 

The value of Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations.

 

The information in this announcement is for background purposes only and does not purport to be full or complete. None of RetailBook or any of its affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. RetailBook and its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or its contents or otherwise arising in connection therewith.

 

Neither the content of the Company’s website (or any other website) nor the content of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into or forms part of this announcement. The Shares to be issued pursuant to the Retail Offer will not be admitted to trading on any stock exchange other than the London Stock Exchange.

 

No other documents or materials are incorporated into, or form part of this financial promotion and RetailBook has not carried out any verification or due diligence in respect of any such other documents.

 

END

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