M&G acquires a 5.2% equity stake in Pensana

Pensana plc (LON:PRE) has announced that M&G, one of the UK’s largest and long-standing fund managers, has acquired a 5.2% equity stake in the Company by investing £10 million at 81 pence per share by way of a private placement.

M&G’s Head of UK Equities Michael Stiasny commented: 

“With this strategic investment, we look forward to supporting Pensana in the future as it continues to develop an independent and sustainable rare earth supply chain based in the UK, which is essential as we move towards becoming a net zero economy.”

Pensana Chairman, Paul Atherley, noted:

“We are delighted with the investment by M&G  which comes at an exciting time for the Company as we look to establish a world class rare earth processing hub at the Saltend Chemical Park in the Humber Freeport, to meet the burgeoning demand from Electric Vehicle and Offshore Wind industries.”


Following the recent on market purchases by a large US long only fund and together with the holdings of FSDEA the Angolan Sovereign Wealth Fund, M&G’s investment will increase the institutional holdings in the Pensana to over 35%.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Pensana plc

More articles like this

Pensana plc

Pensana reports enriched rare earths findings in Angola

UK-based rare earths developer Pensana has reported trench and pit sampling results that confirm a 6 ha, enriched laterite at Sulima West, in Angola, grading at 2% to 3% total rare earth oxides (TREO). These analytical

Pensana plc

Pensana advances preparatory works for Longonjo project in Angola

Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in August 2025. Longonjo is one of the world’s largest undeveloped rare earth

Pensana plc

Pensana site preparation works well underway at Longonjo

Pensana plc (LON:PRE) has provided the following update on the Longonjo project: Concrete foundations have been poured for the 316-person modular camp manufactured in South Africa for despatch to site later this month. The on-site team, under