REG - Empyrean Energy PLC - Result of Retail Offer

Empyrean EnergyAnnouncement

Thu 09:30

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RNS Number : 0294H  Empyrean Energy PLC  01 May 2025

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR
JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO
SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL
OFFER ARE ONLY BEING COMMUNICATED TO, AND MAY ONLY BE ACTED UPON BY, THOSE
PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED
(WHICH INCLUDES AN EXISTING MEMBER OF EMPYREAN ENERGY PLC.  ANY INVESTMENT OR
INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO
SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT
IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY
OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO
PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF EMPYREAN ENERGY PLC.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

 

 

1 May 2025

Empyrean Energy plc

 

Results of Retail Offer

 

Empyrean Energy plc or the "Company" (AIM:EME) is, further to the
announcements made on 28 April 2025, pleased to announce the results of the
retail offer facilitated by CMC CapX (the "Retail Offer") of new ordinary
shares of £0.01p each in the capital of the Company. The Company announces
that it has raised gross proceeds of approximately £61,122 through the issue
of 67,913,333 ordinary shares at a price of 0.09p (the "Issue Price") pursuant
to the Retail Offer, for which acceptances closed at 5.00 p.m. on 30 April
2025.

 

As advised on 28 April 2025, the Company raised £600,000 (before costs)
through the issue of 666,666,667 Placing Shares.

 

Accordingly, the Company has raised gross proceeds of £661,122 from the
Placing and the Retail Offer. Pursuant to the Retail Offer, the Company will
issue 67,913,333 new Ordinary Shares (the "New Ordinary Shares").

 

The Retail Offer is conditional on the New Ordinary Shares being admitted to
trading on the AIM market operated by London Stock Exchange plc ("Admission").
Admission is expected to take place on 8 May 2024. Following Admission, the
Company will have 4,469,672,441 New Ordinary Shares in issue. This figure may
be used by shareholders of 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 in their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

Terms used but not defined in this announcement have the same meaning as set
out in the Company's announcement released on 28 April 2025.

 

For Further Information

 

 Empyrean Energy plc     T: +61 8 6146 5325

 Retail Offer            capx@cmcmarkets.com / telephone number +44 (0) 20 3003 8632

 CMC CapX

 Cavendish Capital Markets Limited                           Tel: +44 (0) 207 220 0500

 (Nominated Advisor and Broker)
 Neil McDonald

 Pearl Kellie

 Novum Securities Limited (Joint Broker)                     Tel: +44 (0) 207 399 9400
 Colin Rowbury

 

Further information on the Company can be found on its website at
www.empyreanenergy.com (http://www.empyreanenergy.com)

 

 

 

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