2025/10/16 – 09:30:00 – 1086034396210790672
Paladin Completes Share Purchase Plan
Paladin Energy Limited (‘Paladin’)
Registration No. ACN 061 681 098
Registered as an external company in Namibia
ISIN Code: AU000000PDN8
NSX Share Code: PDN
PALADIN COMPLETES SHARE PURCHASE PLAN
Paladin Energy Ltd (ASX:PDN TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) is
pleased to announce that it has successfully closed the Company’s Share Purchase Plan (SPP).
The non underwritten SPP was offered to Eligible Shareholders to originally seek to raise up to
A$20 million at an issue price of A$7.25 per share and was announced with the recent A$300
million fully underwritten institutional capital raising (Institutional Raising). The SPP closed at
5pm (Sydney time) on Thursday, 9 October 2025.
The SPP has been overwhelmingly supported with the Company receiving applications totalling
over A$138 million. Given the strong support for the SPP and in recognition of the ongoing
support from retail shareholders, Paladin has exercised its discretion to accept A$100 million in
applications.
The proceeds of the A$300 million Institutional Raising will be primarily used to advance the
development of the Patterson Lake South project (PLS Project) towards a Final Investment
Decision (FID) and for general working capital purposes while ramping up the Langer Heinrich
Mine (LHM) into full mining and processing plant operations by FY2027. The funds raised under
the SPP will be applied towards working capital and future exploration.
The Company has undertaken a scale back of applications consistent with the terms and
conditions set out in the SPP Offer Booklet. In doing so, the Company has sought to provide
fairness to shareholders and to deliver as close to a pro-rata outcome as possible. The outcome
of the scale back is as follows:
• The SPP application scale back was conducted on a pro rata basis having regard to the
relative shareholding of eligible applicants as at the SPP record date of 15 September 2025,
subject to minimum application of A$1,000 and a maximum aggregate allocation of
A$30,000 in accordance with the SPP offer terms.
• Applications for an amount of New Shares not equal to one of the parcels listed in the SPP
Offer Booklet were reduced to the next lowest parcel of New Shares available as listed in
the Booklet.
Under the SPP, 13,793,200 new fully paid ordinary shares in Paladin will be issued on 16 October
2025, with holding statements dispatched on 21 October 2025 and refund of monies to be
dispatched on or around 21 October 2025. It is expected that the SPP shares will be available
for trading on the ASX on Friday, 17 October 2025.
The refund of monies will be returned to applicants without interest and processed via direct credit
or alternatively by cheque if no bank details are provided to the Company’s share registry,
Computershare Investor Services Pty Limited. Shareholders are encouraged to update their
bank and communication details via www.investorcentre.com/au to ensure prompt refund of
monies.
Any Eligible Shareholders with questions in relation to the SPP should contact Paladin’s share
registry from 8.30am to 5.00pm (Sydney time) Monday to Friday on 1300 259 129 (callers
within Australia) or +61 3 9415 4000 (callers outside Australia).
This announcement has been authorised for release by the Board of Directors of Paladin Energy
Ltd.
This announcement can be viewed at the following link:
https://www.paladinenergy.com.au/wp-content/uploads/2025/04/61261017-1.pdf
By order of the Board of Directors
Paul Hemburrow
Chief Operating Officer
16 October 2025
Registered Office
Erf 3981B
Extension 10
New Industrial Area
Swakopmund
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 16-10-2025 09:30:00
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Namibia Securities Exchange – NAM News