REG - Beacon Energy PLC - Result of AGM and Transaction Update

Beacon EnergyAnnouncement

24/12/2025 10:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251224:nRSX8507Ma&default-theme=true

RNS Number : 8507M  Beacon Energy PLC  24 December 2025

24 December 2025

 

Beacon Energy plc

("Beacon Energy" or the "Company")

 

Result of AGM and Transaction Update

 

Beacon Energy plc (AIM:BCE), is pleased to announce that at the Company's
Annual General Meeting held earlier today, all resolutions were duly passed.

In addition, further to the Company's announcement on 7 October 2025, the
Company is pleased to confirm that the Proposed Transaction is progressing
well with an Admission Document expected to be published in January 2026 and
Completion of the Proposed Transaction shortly thereafter.

In order to preserve cash and fund certain costs prior to Completion of the
Proposed Transaction, Stewart MacDonald (CEO), Mark Rollins (Chairman) and Leo
Koot (Non-executive Director) have each agreed to defer 100% of their fees
until Completion of the Proposed Transaction. In addition, Mark Rollins and
Leo Koot have each agreed to provide a £25,000 short-term unsecured
interest-free loan to the Company (the "Directors' Loan").

Related Party Transaction

Mark Rollins and Leo Koot are directors of the Company, and accordingly the
Directors' Loan constitutes a related party transaction pursuant to Rule 13 of
the AIM Rules for Companies.

The independent directors of the Company for the purpose of the Directors'
Loan, being Stewart MacDonald and Ross Warner, having consulted with the
Company's Nominated Adviser, Strand Hanson Limited, consider the terms the
Directors' Loan to be fair and reasonable insofar as the Shareholders are
concerned.

 

For further information, please visit https://beaconenergyplc.com/
(https://beaconenergyplc.com/)  or the following:

 

Beacon Energy plc                                          +44 (0)20 7466 5000 (via Burson Buchanan)

 Stewart MacDonald (CEO)
 Strand Hanson Limited (Financial and Nominated Adviser)    +44 (0)20 7409 3494

 Rory Murphy / James Bellman
                                                            +44 (0)20 7466 5000

 Burson Buchanan (Financial PR)

 Ben Romney / Barry Archer / George Pope
                                                              +44 (0)20 7186 9030

 Tennyson Securities Limited (Broker)

 Peter Krens

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGFLFVIFVLSFIE



            Copyright 2019 Regulatory News Service, all rights reserved