REG - Corpus Resources PLC - Board Appointment, Fundraising & PDMR Dealings

Corpus ResourcesAnnouncement

23/04/2026 13:30

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RNS Number : 7085B  Corpus Resources PLC  23 April 2026

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK Market Abuse
Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

Corpus Resources Plc

 

("Corpus" or the "Company")

 

Appointment of Non-Executive Director

 Fundraising

PDMR Dealings

 

 

23 April 2026

 

Corpus Resources plc (LSE: COR) is pleased to announce the appointment of
James Stenhouse as a Non-Executive Director of the Company with immediate
effect.

 

The Company is also pleased to announce the successful completion of a
fundraising, in aggregate, £311,000 (before expenses) at a price of £0.0001
per ordinary share, processed by AlbR Capital Limited.

 

The Board is delighted to welcome James to the Board. He brings significant
technical, operational and commercial experience in the international oil and
gas sector, which the Board believes will be of considerable value as the
Company continues to assess and pursue oil and gas project opportunities.

 

The Board is also pleased with the successful outcome of the private
placement, which provides the Company with additional working capital and
strengthens its ability to continue progressing its strategic review of
suitable oil and gas opportunities.

 

Appointment of James Stenhouse

 

Mr. James Stenhouse is a highly accomplished well operations and oil and gas
executive with over 19 years of international industry experience, with
expertise in well testing, completions, production operations, field
development and well operations.

 

He is the Founder and Managing Director of H2Oil Group, a business he has led
since 2009, driving its expansion across multiple international markets,
including Europe, the Middle East, Africa, Asia-Pacific and the Americas. Mr.
Stenhouse has also played a leading role in technical and commercial due
diligence, including support for H2Oil's acquisition of a 50% interest in the
EIV-1 gas-producing licence area in Suceava, Romania.

 

Mr. Stenhouse is a Member of the Petroleum Club of Romania and an active
member of, and mentor within, the Society of Petroleum Engineers.

 

The Board believes that James's strong technical and operational background,
together with his commercial and transaction experience, will materially
enhance the Company's capabilities as it evaluates prospective opportunities
in the upstream oil and gas sector.

 

Directorships and further disclosures in relation to James Stenhouse are as
follows:

 

Current directorships / partnerships:

·      H2Oil Limited (UK)

·      H2Oil Well Services SRL (Romania)

·      H2Oil LLC (Ukraine)

·      Poseidon Energy Services Limited (UK)

 

Previous directorships / partnerships held within the last five years:

·      Valmont Energy SRL (Romania)

 

Save as set out above, there is no further information to be disclosed in
respect of James Stenhouse pursuant to UKLR 6.4.8R.

 

Result of Private Placement

 

The Company has successfully raised £311,000 through the private placement by
the issue of 3,110,000,000 new ordinary shares of £0.0001 each in the Company
at a price of £0.0001 per ordinary share.

 

The private placement includes subscriptions of:

 

·      £55,000 from Richard Glass, the Non-Executive Chairman of the
Company; and

·      £106,000 from James Stenhouse, the newly appointed Non-Executive
Director of the Company.

 

The balance of the private placement, being £150,000, has been subscribed for
by external investors.

 

Following the private placing, the directors will be interested in:

 

 Director         Ordinary Shares  % Enlarged Issued Share Capital

 Paul Forrest     166,666,700      2.63%
 Richard Glass    550,000,000      8.68%
 James Stenhouse  1,100,874,555    17.37%

 

 

Admission and Total Voting Rights

 

Application will be made for the 3,110,000,000 new ordinary shares, issued
pursuant to the private placement, to be admitted to the equity shares
(transition) category of the Official List of the Financial Conduct Authority
and to trading on the Main Market of the London Stock Exchange ("Admission").

 

Admission is expected to become effective at 8.00 a.m. on or around 30 April
2026.

 

Following Admission, the Company's enlarged issued share capital will comprise
6,336,306,795 ordinary shares. The Company holds no ordinary shares in
treasury. Accordingly, the total number of voting rights in the Company,
following Admission, will be 6,336,306,795.

 

The above figure of 6,336,306,795 may be used by shareholders as the
denominator for the calculations by which they may determine whether they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Richard Glass, Non-Executive Chairman of Corpus, commented:

 

"We are delighted to welcome James to the Board of Corpus. He brings deep
technical expertise, international operating experience and strong commercial
judgement, all of which are highly relevant to the Company's strategic
direction. We are also very pleased with the support shown in the private
placement, which strengthens the Company's position as we continue to pursue
appropriate oil and gas opportunities."

 

 

For further information, please contact:

 

 Corpus Resources Plc
 Richard Glass, Non-Executive Chairman                                                                                   info@corpusresources.com (mailto:info@corpusresources.com)
                                                                                                                         www.corpusresources.com (http://www.corpusresources.com)

 AlbR Capital Limited, Corporate Broker                                                                                  020 7469 0936

 1          Details of the person discharging managerial responsibilities / person closely

          associated

 a)         Name                                                          Richard Glass

 2          Reason for the notification

 a)         Position/status                                              Non-Executive Director

 b)         Initial notification /Amendment                              Initial notification

 3          Details of the issuer, emission allowance market participant, auction

          platform, auctioneer, or auction monitor

 a)         Name                                                         Corpus Resources Plc

 b)         LEI                                                          213800NFARY38KGRAH47

 4          Details of the transaction(s): section to be repeated for (i) each type of

          instrument; (ii) each type of transaction; (iii) each date; and (iv) each
            place where transactions have been conducted

 a)         Description of the financial instrument, type of instrument  Ordinary Shares of £0.0001 each in Corpus Resources Plc

            Identification code                                          GB00BD97ND60

 b)         Nature of the transaction                                    Purchase of shares in private placing

 c)         Price(s) and volume(s)

                                                                                         Price(s)        Volume(s)
                                                                                         £0.0001         550,000,000 Ordinary Shares

 d)         Aggregated information

            - Aggregated volume                                          550,000,000

            - Price                                                      £55,000

 e)         Date of the transaction                                      23/04/2026

 f)         Place of the transaction                                     Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         James Stenhouse

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer, or auction monitor

 a)   Name                                                         Corpus Resources Plc

 b)   LEI                                                          213800NFARY38KGRAH47

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Ordinary Shares of £0.0001 pence each in Corpus Resources Plc

      Identification code                                          GB00BD97ND60

 b)   Nature of the transaction                                    Purchase of shares in private placing

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £0.0001           1,060,000,000 Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          1,060,000,000

      - Price                                                      £106,000

 e)   Date of the transaction                                      23/04/2026

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

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