REG-Cadogan Energy Solutions Plc: Issue of Equity

Cadogan Energy SolutionsAnnouncement

04/02/2025 09:30

Press Release
                                                                                                    
              4(th) February 2025

This announcement contains inside information as defined under the Market
Abuse Regulations n. 596/2014

Cadogan Energy Solutions Plc

("Cadogan" or the "Company")

Cadogan Energy Solutions plc ("Cadogan" or the "Company") announces that it
has issued 7,000,000 Ordinary shares of £0.03 each, ("New Ordinary Shares")
in the capital of the Company for cash on the basis of £0.03 per share to the
CEO, Mr Fady Khallouf, to be satisfied in full using 50% of the amount of the
bonus due relating to the recovery of the loan to Proger Managers & Partners
srl approved by shareholders at the Annual General Meeting held on 25(th) June
2021.

The Company confirms that Mr Fady  Khallouf has agreed to fund the income tax
due on the bonus from his own resources.  Therefore, there is no immediate
need for any of the above shares to be sold to fund the tax liability arising
on the bonus.  Also, as a consequence, there will be no cash outflow for the
Company arising from the award of the bonus, with the exception of any related
social security contributions that fall due following the payment of the
bonus.

Application will be made for the new Ordinary Shares to be admitted to trading
on the London Stock Exchange (the "Admission"), and dealings in the new
Ordinary Shares are expected to commence on or around 10(th) February 2025.

Following the issue of the New Ordinary Shares the total number of Ordinary
Shares in issue is 251,128,487. There are 66 Ordinary Shares held in
treasury. Therefore, the total number of voting rights in the Company
is 251,128,421. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest under the
Disclosure and Transparency Rules.             

ENDS

About

Cadogan Energy Solutions is an independent, energy company, which operates an
exploration and production license in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies. Cadogan is currently
developing several power generation projects in Western Ukraine to be
operational in 2025. The aim of the Company is to be a diversified energy
group making investments offering energy solutions and alternative services
with a lower environmental impact.

For further information, please contact:

Cadogan Energy Solutions plc 
Fady Khallouf               Chief Executive
Officer                           
f.khallouf@cadogan-es.com
Ben Harber                     Company Secretary
                                 +44 0207 264
4366



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