REG - Afentra PLC - Result of Oversubscribed WRAP Retail Offer

AfentraAnnouncement

Tue 07:00

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RNS Number : 5500H  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.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK
VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF
UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 ("UK MAR").

FOR IMMEDIATE RELEASE

 

9 June 2026

 

AFENTRA PLC

Result of Oversubscribed WRAP Retail Offer

Afentra plc ("Afentra" or the "Company") (AIM: AET), an upstream oil and gas
company focused on acquiring production and development assets in Africa, is
pleased to confirm, further to the announcement made on 4 June 2026, the
result of the WRAP Retail Offer. The WRAP Retail Offer was oversubscribed,
demonstrating strong support from the company's retail shareholder base and
new investors.

The Company announces that it has raised gross proceeds of £2 million
pursuant to the WRAP Retail Offer, alongside the previously announced Placing.
Accordingly, the Company will issue a total of 2,985,074 WRAP Retail Offer
Shares at the Issue Price.

In total, the Placing has raised gross proceeds of approximately US$40 million
for the Company, via the Placing of 22,615,600 Firm Placing Shares and
21,699,640 Conditional Placing Shares. The WRAP Retail Offer has raised £2
million (US$2.7 million) via the issue of 2,985,074 WRAP Retail Offer Shares.

The WRAP Retail Offer and the Conditional Placing are conditional on admission
to trading on AIM ("Second Admission"). The Company intends to convene a
shareholder meeting, expected to be held on or around 25 June 2026, to
approve the allotment of the Conditional Placing Shares and the WRAP Retail
Offer Shares. Afentra will publish a Notice of General Meeting, setting out
the resolutions requiring approval, on or around 9 June 2026.

 

 Afentra plc                              +44 (0)20 7405 4133

 Paul McDade, CEO

 Anastasia Deulina, CFO

 Christine Wootliff, Investor Relations
 Stifel Nicolaus Europe Limited           +44 (0)20 7710 7600

 Callum Stewart

 Simon Mensley

 Ashton Clanfield
 Winterflood Retail Access Platform       WRAP@winterflood.com (mailto:WRAP@winterflood.com)

 Sophia Bechev                            +44 (0)20 3100 0214

 Kaitlan Billings

 

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

The person responsible for arranging the release of this Announcement on
behalf of the Company is Hamish McArdle, Company Secretary.

The release, publication or distribution of this announcement may be
restricted by law in certain jurisdictions and persons into whose possession
any document or other information referred to herein comes should inform
themselves about and observe any such restriction. Any failure to comply with
these restrictions may constitute a violation of the securities laws of any
such jurisdiction.

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States (including its territories and possessions,
any state of the United States and the District of Columbia (the "United
States" or "US")), Australia, Canada, New Zealand, Japan, the Republic of
South Africa, any member state of the European Economic Area or any other
jurisdiction where to do so might constitute a violation of the relevant laws
or regulations of such jurisdiction. This announcement does not constitute an
offer to sell or issue or a solicitation of an offer to buy or subscribe for
securities in the United States or any other such jurisdiction. The securities
referred to herein have not been and will not be registered under the US
Securities Act of 1933, as amended (the "US Securities Act"), and may not be
offered or sold in the United States, except pursuant to an applicable
exemption from registration. No public offering of securities is being made in
the United States. The WRAP Retail Offer Shares are being offered and sold
only outside the United States in "offshore transactions", as defined in,
and in compliance with, Regulation S under the US Securities Act.

WRAP is a proprietary technology platform owned and operated by MF. MF is
incorporated under the laws of England and Wales (company no. 5613061, LEI no.
5493003EETVWYSIJ5A20 and VAT registration no. GB 872 8106 13) and is
authorised and regulated by the Financial Conduct Authority (FCA registration
number 442767). MF's registered address is at 155 Bishopsgate, London, EC2M
3TQ. MF is acting exclusively for the Company and for no-one else and will not
regard any other person (whether or not a recipient of this announcement) as
its client in relation to the WRAP Retail Offer and will not be responsible to
anyone other than the Company for providing the protections afforded to its
clients, nor for providing advice in connection with the WRAP Retail Offer,
Admission and the other arrangements referred to in this announcement.

The value of Ordinary Shares and the income from them is not guaranteed and
can fall as well as rise due to stock market movements. When you sell your
investment, you may get back less than you originally invested. Figures refer
to past performance and past performance is not a reliable indicator of future
results. Returns may increase or decrease as a result of currency
fluctuations.

Certain statements in this announcement may constitute forward-looking
statements which are based on the Company's expectations, intentions and
projections regarding its future performance, anticipated events or trends and
other matters that are not historical facts. These forward-looking statements,
which may use words such as "aim", "anticipate", "believe", "intend",
"estimate", "expect" and words of similar meaning, include all matters that
are not historical facts. These forward-looking statements involve risks,
assumptions and uncertainties that could cause the actual results of
operations, financial condition, liquidity and dividend policy and the
development of the industries in which the Company's businesses operate to
differ materially from the impression created by the forward-looking
statements. These statements are not guarantees of future performance and are
subject to known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. Given those risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements.

These forward-looking statements speak only as at the date of this
announcement and cannot be relied upon as a guide to future performance. The
Company and MF expressly disclaim any obligation or undertaking to update or
revise any forward-looking statements contained herein to reflect actual
results or any change in the assumptions, conditions or circumstances on which
any such statements are based unless required to do so by the FCA, the London
Stock Exchange or applicable law.

The information in this announcement is for background purposes only and does
not purport to be full or complete. Neither MF nor any of its affiliates,
accepts any responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to this announcement,
including the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or associated
companies, whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever arising from
any use of the announcement or its contents or otherwise arising in connection
therewith. MF and its affiliates, accordingly disclaim all and any liability
whether arising in tort, contract or otherwise which they might otherwise be
found to have in respect of this announcement or its contents or otherwise
arising in connection therewith.

Any indication in this announcement of the price at which the Ordinary Share
have been bought or sold in the past cannot be relied upon as a guide to
future performance. Persons needing advice should consult an independent
financial adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be interpreted to
mean that earnings or target dividend per share of the Company for the current
or future financial years would necessarily match or exceed the historical
published earnings or dividends per share of the Company.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.
The Ordinary Shares to be issued or sold pursuant to the WRAP Retail Offer
will not be admitted to trading on any stock exchange other than the London
Stock Exchange.

Stifel Nicolaus Europe Limited ("Stifel"), which is authorised and regulated
by the FCA in the United Kingdom, is acting Nominated Adviser to the Company
in connection with the Placing. Stifel has not authorised the contents of, or
any part of, this announcement, and no liability whatsoever is accepted by
Stifel for the accuracy of any information or opinions contained in this
announcement or for the omission of any material information. The
responsibilities of Stifel as the Company's Nominated Adviser under the Market
Rules for Companies and the Market Rules for Nominated Advisers are owed
solely to London Stock Exchange plc and are not owed to the Company or to any
director or shareholder of the Company or any other person, in respect of its
decision to acquire shares in the capital of the Company in reliance on any
part of this announcement, or otherwise.

 

 

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