Result of Retail Offer
10/01/2025 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250110:nRSJ8472Sa&default-theme=true
RNS Number : 8472S Global Petroleum Ltd 10 January 2025
10 January 2025
The information contained within this announcement is deemed by the Company to
constitute inside information under the UK Market Abuse Regulations. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.
Global Petroleum Limited
("Global" or "the Company")
Result of Retail Offer
Global Petroleum Limited (LSE AIM: GBP) is pleased to announce, further to its
earlier announcement of 7 January 2024, that it has conditionally raised
£51,050 (before expenses) via the conditional issue of 22,688,888 new
ordinary shares in the capital of the Company (the "Retail Offer Shares") at a
price of 0.225 pence per share (the "Issue Price") pursuant to its offer to
its existing retail shareholders via CMC CapX (the "Retail Offer").
The Retail Offer is conditional on the Retail Offer Shares being admitted to
trading on the AIM market operated by the London Stock Exchange plc
("Admission"). Admission is expected to take place at 8.00 a.m. on or around
16 January 2025.
Hamza Choudhry CFO of Global Petroleum commented:
"We are pleased to have conducted this Retail Offer to give our shareholders
the same opportunities as family offices and high net worth individuals who
partook in the capital raise. This offer ensures their participation ahead of
the expected exciting developments in 2025, reflecting our commitment to
include all stakeholders in the company's growth."
Total voting rights
Following Admission, the total issued share capital of the Company will be
4,616,477,344 Ordinary Shares. Accordingly, the figure of 4,616,477,344 is to
be used by shareholders 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 in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information please visit: www.globalpetroleum.com.au or contact:
Global Petroleum Limited
investors@glo-pet.com
Hamza Choudhry, CFO and Executive Director
SPARK Advisory Partners Limited (Nominated Adviser) +44 (0) 20 3368
3555
Andrew Emmott, Jade Bayat
CMC Markets (Joint Broker)
+44 (0) 20 3003 8632
Douglas Crippen
SI Capital
Limited
+44 (0) 14 8341 3500
Nick Emerson
Tavistock (Financial PR & IR)
+44 (0) 20 7920 3150
Simon Hudson / Nick Elwes
This announcement has been issued by and is the sole responsibility of the
Company.
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 ROISFISESEISEEF