Notice to Eligible Warrant Holders
Warrant Exchange Offer – Notice to Eligible Warrant Holders
Further to the announcement released on 13 July 2026 regarding the proposed voluntary exchange offer to eligible holders of the Company’s 0.8p warrants (the “Warrant Exchange Offer”), Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) wishes to provide the following information to all holders of Eligible Warrants.
As previously announced, the Board has proposed the Warrant Exchange Offer (the “Offer”) in response to shareholder feedback regarding the perceived overhang created by the Company’s outstanding 0.8p warrants. The Board believes the Offer provides an equitable, transparent and cash-preserving mechanism to materially reduce potential future dilution while simplifying the Company’s capital structure.
Eligible holders may elect to exchange their Eligible Warrants on the following basis:
· One new ordinary share in the Company for every five Eligible Warrants validly surrendered and cancelled.
The Offer remains subject to the conditions set out in the announcement of 13 July 2026, including the requirement that valid elections are received in respect of at least 100,000,000 Eligible Warrants. If the Offer proceeds and all Eligible Warrants participate, approximately 452.1 million warrants would be cancelled and approximately 90.4 million new ordinary shares would be issued, representing an approximate 80% reduction in potential future dilution compared with full exercise of those warrants.
If you hold Eligible Warrants and wish to exchange them for new shares in Hamak, please email your acceptance to m.murphy@hamakstrategy.com or j.cable@hamakstrategy.com; and copy in dv@albrcapital.com and lw@albrcapital.com, setting out the holder’s name and the number of Eligible Warrants you wish to exchange.
The Offer will remain open for 10 business days from the date of the original announcement, 13 July 2026, with participating holders expected to receive their new shares within one month of expiry of the Offer period, subject to admission and customary settlement mechanics.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, CEO and Executive Director.