REG - Afentra PLC - Publication of Circular and Notice of GM

AfentraAnnouncement

Tue 07:00

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RNS Number : 5501H  Afentra PLC  09 June 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND IS NOT AN OFFER OF
SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF
THIS ANNOUNCEMENT.

FOR IMMEDIATE RELEASE

 

9 June 2026

AFENTRA PLC

Publication of Circular and Notice of General Meeting

Afentra plc ("Afentra" or the "Company") (AIM: AET), the upstream oil and gas
company focused on acquiring production and development assets in Africa,
announces that a circular (the "Circular") and notice of general meeting
("General Meeting") have been posted to shareholders and are available to view
on the Company's website at www.afentraplc.com (http://www.afentraplc.com) .

On 4 June 2026, Afentra announced that it had conditionally raised gross
proceeds of US$40 million before expenses, via a Placing of 44,315,240 new
ordinary shares of £0.10 each in the capital of the Company ("Ordinary
Shares") (19.6% of the Company's existing share capital) at a price of 67
pence per share. The net proceeds of the Placing will enable the Company to
accelerate activity across the portfolio and deliver significant growth for
the business and value accretion for shareholders.

Admission of the first tranche of the Placing Shares (the "Firm Placing
Shares") was made effective at 08:00 a.m. on 9 June 2026. The resolutions
which will be proposed at the General Meeting will be to, inter alia, approve
the allotment and issue of the Conditional Placing Shares, as well as new
Ordinary Shares to be issued pursuant to the WRAP Retail Offer.

The Company's General Meeting will be held electronically via the Lumi
platform at https://meetings.lumiconnect.com/100-164-341-699
(https://meetings.lumiconnect.com/100-164-341-699) on 25 June 2026 at 10:00
a.m. (BST). Shareholders wishing to participate should refer to the Circular
and notice of General Meeting for full details of how to attend and vote
electronically.

The Company is operating an electronic voting system to enable shareholders to
vote on the resolutions in advance of the meeting. Votes may be submitted via
the MUFG Investor Centre app or at https://uk.investorcentre.mpms.mufg.com/
(https://uk.investorcentre.mpms.mufg.com/) or via the CREST Proxy Voting
Services. All votes must be received by MUFG Corporate Markets by 10:00 a.m.
on 23 June 2026.

The Circular and the notice of the General Meeting will also be available on
the Company's website at https://www.afentraplc.com/
(https://www.afentraplc.com/) .

Capitalised terms not otherwise defined in the text of this announcement have
the meanings given in the Company's announcements related to the Placing,
dated 3 June 2026 and 4 June 2026.

 

For further information contact:

Afentra plc
 
+44 (0)20 7405 4133

Paul McDade, CEO

Anastasia Deulina, CFO

Christine Wootliff, Investor Relations

 

Burson Buchanan (Financial PR)
 
+44 (0)20 7466 5000

Bobby Morse

Barry Archer

George Pope

 

Stifel (Nominated Adviser, Bookrunner, and Joint Broker)
 
+44 (0)20 7710 7600

Callum Stewart

Simon Mensley

Ashton Clanfield

 

Tennyson Securities (Joint Broker)
 
+44 (0)20 7186 9033

Peter Krens

 

Further information on the Company can be found on its website at
afentraplc.com

The Company's LEI is 21380028BFDFJK8BRX92

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

Important Notices

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and its current goals and
expectations relating to its future financial condition and performance and
which involve a number of risks and uncertainties. The Company cautions
readers that no forward-looking statement is a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking statements. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use words such as "aim", "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal", "believe", or other
words of similar meaning. By their nature, forward-looking statements involve
risk and uncertainty because they relate to future events and circumstances,
including, but not limited to, economic and business conditions, the effects
of continued volatility in credit markets, market-related risks such as
changes in the price of commodities or changes in interest rates and foreign
exchange rates, the policies and actions of governmental and regulatory
authorities, changes in legislation, the further development of standards and
interpretations under International Financial Reporting Standards ("IFRS")
applicable to past, current and future periods, evolving practices with regard
to the interpretation and application of standards under IFRS, the outcome of
pending and future litigation or regulatory investigations, the success of
future explorations, acquisitions and other strategic transactions and the
impact of competition. A number of these factors are beyond the Company's
control. As a result, the Company's actual future results may differ
materially from the plans, goals, and expectations set forth in the Company's
forward-looking statements. You should not place undue reliance on
forward-looking statements. Any forward-looking statements made in this
announcement by or on behalf of the Company speak only as of the date they are
made. Except as required by the Financial Conduct Authority ("FCA"), the
London Stock Exchange or applicable law, the Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained in this announcement to reflect any
changes in the Company's expectations with regard thereto or any changes in
events, conditions or circumstances on which any such statement is based.

This announcement is for information purposes only and shall not constitute an
offer to buy, sell, issue, or subscribe for, or the solicitation of an offer
to buy, sell, issue, or subscribe for any securities, nor shall there be any
offer, solicitation or sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unauthorised or unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. Any failure to comply with these restrictions may constitute a
violation of the securities law of any such jurisdiction.

Stifel Nicolaus Europe Limited ("Stifel"), which is authorised and regulated
in the United Kingdom by the FCA, is acting for the Company and for no one
else in connection with the transaction or arrangements described in this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Stifel or for providing
advice in relation to the transaction or arrangements described in this
announcement, or any other matters referred to in this announcement.

 

No representation or warranty, express or implied, is or will be made as to,
or in relation to, and no responsibility or liability is or will be accepted
by or on behalf of the Company, Stifel, or by their affiliates or their
respective agents, directors, officers and employees as to, or in relation to,
the accuracy or completeness of this announcement or any other written or oral
information made available to or publicly available to any interested party or
its advisers, and any liability therefore is expressly disclaimed.

 

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
announcement.

 

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