**Summary**
Great Southern Copper PLC (GSC) has announced its 2025 Annual General Meeting (AGM) scheduled for September 30, 2025, in London. A key resolution at the AGM involves seeking approval from Independent Shareholders to allow Foreign Dimensions Pty LTD, the companys largest shareholder, to exercise its warrants without triggering a mandatory offer obligation under Rule 9 of the City Code on Takeovers and Mergers. Foreign Dimensions currently holds 46.72% of GSCs issued share capital and has been a significant supporter of the company, providing financial backing through various fundraising rounds.
The proposed Rule 9 waiver is essential to enable Foreign Dimensions to exercise its warrants, which could provide crucial funding for GSCs exploration activities in Chile. Foreign Dimensions has already agreed to exercise 6,250,000 warrants at 2.4p per share, with plans to list the new shares on the London Stock Exchange. The companys management, including Chairman Charles Bond and CEO Sam Garrett, emphasized the importance of Foreign Dimensions continued support for advancing GSCs projects, particularly in light of recent exploration successes.
The notice also details the history of Foreign Dimensions investments, including convertible loans and warrant issuances, and the consultations with the Takeover Panel to ensure compliance with regulatory requirements. Shareholders are urged to review the AGM notice and vote on the resolutions, with the directors recommending approval of the Rule 9 waiver as being in the best interests of the company and independent shareholders.