First Day of Dealings on AIM
28/01/2026, 08:52 First Day of Dealings on AIM - 07:00:09 28 Jan 2026 - OVB News article | London Stock Exchange
Miscellaneous
Released 07:00:09 28 January 2026
Ovoca Bio PLC
28 January 2026
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION PURPOSES OF ARTICLE 7 OF RE WHICH IS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF T
(WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, W CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, T RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSES INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
7.00am 28 January 2026
Ovoca Bio plc {to be renamed Talisman Metals PLC}
("Talisman" or the "Company")
Completion of acquisition of Tadeen International Limited
and
Enlarged Group admitted to trading on AIM
Ovoca Bio plc (to be renamed Talisman Metals PLC) announces that following completion of the Re International Limited, Admission of its Enlarged Share Capital of 64,174,918 ordinary shares o Shares") at an issue price of 7.7 pence each ("Issue Price") to trading on the London Stock Exchang expected at 8:00am today.
Therefore, the total number of voting rights is 64,174,918 and this figure may be used by sharehold the calculation by which they may determine if they are required to notify their interest in, or chan Company under the FCA's Disclosure Guidance and Transparency Rules.
https://www.londonstockexchange.com/news-article/OVB/first-day-of-dealings-on-aim/17433671 1/5 28/01/2026, 08:52 First Day of Dealings on AIM - 07:00:09 28 Jan 2026 - OVB News article | London Stock Exchange
The Company will change its name to Talisman Metals PLC once processed by the Irish Comp which it expects to become effective shortly. Additionally, immediately following the name change, also change to "TLM". Given the expected change in the Company's name becoming effective updated its website address to www.talismanmetalsplc.com with effect from today. A further announ the change of name is complete.
Highlights
- The Company completed a fundraising to raise a gross amount of £1,155,000 (the "Fundraise raising £350,000, and a subscription raising £805,000. This will be aggregated with the Com resources, resulting in total cash resources of approximately £2.255 million.
- The Fundraise was conducted to fund, along with its existing cash resources, the work progra exploration permits at the Tizert and Argana projects, provide general working capital and f Admission.
- The Company's market capitalisation on Admission will be approximately £4.9 million. · Talisman is committed to the exploration and development of multiple copper deposits acros Morocco.
- The Company is focused on its Tizert and Argana projects, where it holds five exploration pe 2 with a total combined area of 129.8km .
- The Tizert Project includes three target areas, the Fougnar, Tizert South and Tizert North perm are between 8km and 30km from the large Tizert Copper-Silver Project being developed by (Managem), the Moroccan-listed Mining Group.
- Fougnar and the wider Tizert Project will form the core focus of the Company's immediate ex expenditure.
- The existing Chief Executive Officer of Ovoca, Timothy McCutcheon, will serve as Chief Ex Talisman Metals.
- Talisman's management team has a proven track record of successful discoveries, a strong co exploration, and extensive expertise in advancing projects from discovery to production.
Use of Proceeds
The Company has raised £1.155 million through the Fundraise. Following Admission, the gross pr with the Company's existing cash resources of approximately £1.155 million, resulting in total cash Company of approximately £2.255 million.
The total cash on Admission is expected to be used to as follows:
- To settle outstanding Admission expenses of approximately £310,000;
- To fund the Phase 1 Exploration Programme amounting to £322,000;
- To fund approximately 75% of Phase 2 Exploration Expenditure of approximately £400,000; · General Working Capital purposes of approximately £1,200,000.
" Today marks an important milestone fo
Timothy McCutcheon, CEO of Talisman Metals, said:
like to thank our employees, shareholders, counterparties, and the many advisers who ha complete the reverse takeover and achieve readmission to AIM. With the commencement of tra positioned to move forward with a clear strategic focus, to further develop the potential portfolio. "
Talisman Metals - Overview
Tizert
- The Tizert Project includes the Fougnar, Tizert South and Tizert North permits, located betwe Managem's noteworthy Tizert Deposit.
- The Tizert Deposit lies approximately 8km southwest of the Tizert North permits an potentially on trend, although target depths exceed 300 metres ("m").
- The Company is targeting copper silver ("Cu-Ag") deposits of the Sediment-Hosted Stratifor the world's second most important copper deposit type.
- Recent geological mapping, rock chip and channel sampling completed at Fougnar and Tizer grades of 0.50% to 1.44% Cu over 0.5m to 1.3m intervals.
· A single drill hole completed at Tizert South in July 2025 intersected a minor copper bearing
average of 0.27% Cu (Ag <1.5 grammes per tonne ("g/t")) from a depth of 99m, interpreted extension of surface mineralisation; Quality Control-Quality Assurance (QA-QC) results su slightly understated and may be approximately 0.30% Cu.
· Two drill holes at Tizert North were completed but require deepening to reach the target Bas · No drilling has yet been completed at Fougnar, which is considered the most prospective per
Project.
https://www.londonstockexchange.com/news-article/OVB/first-day-of-dealings-on-aim/17433671 2/5 28/01/2026, 08:52 First Day of Dealings on AIM - 07:00:09 28 Jan 2026 - OVB News article | London Stock Exchange · Fougnar and the wider Tizert Project will form the core focus of the Company's immediate e
expenditure.
Argana
- The mineralisation type is of the red-bed copper which is a smaller subtype of the Sediment H Sporadic uranium mineralisation is observed at surface but the potential for more significan sandstone-hosted type should be considered, as the geological setting is favourable.
- Rock chip and channel sampling confirmed high-grade copper mineralisation on adjacent exc returning values of up to 4.75% Cu and 50 g/t Ag, validating the regional mineralising syste
- In the project area, some lower grade copper mineralisation has been identified, including a c 0.88% Cu over 1.0 m (true thickness).
· A surface electrical survey completed in June 2025 identified several chargeability anomalie
indicate sulphide mineralisation; some anomalies were observed but these may be due to cla
- No drilling has been undertaken at the Argana Project to date.
Morocco Overview
· Morocco is a relatively new jurisdiction for mineral exploration and development, wi
potential.
· The new mining code, introduced in 2016, established a simplified, modern licensing framew · It has excellent infrastructure with ports, road and rail networks, and a reliable power supply · Morocco has free-trade agreements in place with both the EU and the USA, and is increasin
supply chains.
Beaumont Cornish Limited is the Nominated Adviser and CMC Markets UK plc is acting as Sole Br Director Share Subscription and Options
Timothy McCutcheon, the Company's CEO and Executive Director, participated in the Subscri shares, bringing his total ownership in the Company to 6,679,613, representing 10.4% of the Compa Upon readmission, the Company will issue a total of 3,100,000 options to directors, officers an £0.077 valid for three years.
Admission Document
The Admission Document, which contains further information concerning the Company, is availa Company's new website at: www.talismanmetalsplc.com , where the AIM Rule 26 information available.
Capitalised terms used in this announcement shall, unless otherwise defined, have the same m Admission Document.
Enquiries:
Ovoca Bio plc
Timothy McCutcheon, CEO Tel: +353 (0) 1 525 6710
info@ovocabio.com
Nominated Adviser
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish
James Biddle
Broker
CMC Markets UK plc Tel: +44 (0) 20 3003 8255
Thomas Smith / Thomas Curran
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Financial PR
BlytheRay PR Tel: +44 (0) 20 7138 3204
Said Izagaren / James Mulligan / Matt Bowld talismanmetals@blytheray.com Notes to Editors
Talisman Metals is committed to the exploration and development of multiple copper deposits ac projects, located in Morocco. Leveraging both advanced geological analysis and the latest exp Company's expert team is dedicated to unlocking the region's vast mineral potential. With a fo innovation, Talisman aims to bring new, high-quality sources of copper to meet growing global transition to a greener, electrified future.
Beaumont Cornish, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Compa the Admission and is not acting for any other person (including a recipient of this document) or otherwise be responsible protections afforded to clients of Beaumont Cornish or for advising any other person in respect of the Admission or any tra referred to in this document. The responsibility of Beaumont Cornish, as the Nomad, under the AIM Rules for Nominate London Stock Exchange and is not owed to the Company or the Directors or any other person. CMC Markets UK plc ("CMC") or (the "Broker"), which are authorised and regulated in the United Kingdom by the Financ as sole broker to the Company in connection with the proposed re-admission of the Enlarged Share Capital to trading on AIM acting exclusively for the Company and for no one else and will not be responsible to anyone other than the Company for p to its clients or for providing advice in relation to the contents of this announcement or the Placing or the proposed re-a Capital to trading on AIM.
No representation or warranty, express or implied, is made by Beaumont Cornish, Broker or any of their respective Represe document (without limiting the statutory rights of any person to whom this document is issued). No liability whatsoever is Broker or any of respective Representatives for the accuracy of any information or opinions contained in this document or information for which it is not responsible. The information contained in this document is not intended to inform or be purchasers of Ordinary Shares (whether on or off exchange) and accordingly, to the extent permitted by law, no duty of ca Beaumont Cornish or Broker in relation to any of them.