Ljubljana, Slovenia – BPG d.d. has formalized a strategic restructuring agreement to unwind prior transactions related to the Oman Alternative Minerals Reserves Project. The objective is to ensure a clean separation of interests among stakeholders and to avoid any unintended tax consequences.
Following the Shareholders Memorandum of Understanding signed on March 20, 2025, and a supplemental Appendix signed on June 12, 2025, the parties have agreed to extend the timeline for completing the restructuring to July 31, 2025.
Key elements of the restructuring include:
• Unwinding of the original Oman-related agreements through legally structured steps, carefully designed to prevent adverse tax implications;
• Return and reallocation of shares to BPG d.d., effectively restoring the original equity structure vs transfer of project-related entities to new ownership for nominal consideration;
• Reassignment of financial obligations from BPG d.d. to the appropriate project-focused entity;
• Asset exchanges and capital reduction to streamline the structure;
Under the terms of the agreement:
• Majority shareholders will focus exclusively on advancing the Oman Alternative Minerals Reserves Project via newly designated entities.
• Minority shareholders will retain BPG d.d. and continue operating under the company’s original business model, focused on lower-risk, stable operations and potentially exploring its project in Greenland.
Details of the restructuring have already been made available on the company’s official website.
This restructuring reflects a cooperative and transparent approach that supports the long-term strategic goals of all parties while ensuring regulatory compliance, tax neutrality, and operational clarity.
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