REG - Georgina Energy PLC - Completion of £1 Million Fundraise

Georgina EnergyAnnouncement

01/05/2026 07:05

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RNS Number : 7719C  Georgina Energy PLC  01 May 2026

1 May 2026

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE
7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA
ENERGY PLC

 

Georgina Energy plc

("Georgina Energy" or the "Company")

 

Completion of £1 Million Fundraise

Georgina Energy plc (LSE: GEX), is pleased to announce that it has
successfully raised approximately £1m through the issue of 37,037,000 new
ordinary shares at a placing price of 2.7 pence per share (the "Placing"). The
Placing was undertaken by Clear Capital.

The Company will issue investors with one warrant per two placing shares at an
exercise price of 5 pence expiring 5 years from Admission ("Investor
Warrants").

Use of Proceeds

The net proceeds of the Placing will primarily be to advance the work
programmes and for general working capital.

Broker Warrants

The Company will issue Clear Capital with 2,222,220 Broker Warrants
exercisable at 2.7 pence and expire five years from the date of Admission.

 

 

Admission of Placing Shares

An application has been made for 37,037,000 new ordinary shares relating to
the Placing to be admitted to trading on the official list of the London Stock
Exchange from 8.00 a.m. on 6 May 2026 ("Admission") The placing provides
general working capital and for pre- drill activities.

Total Voting Rights

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the
Company confirms that following Admission, the Company's enlarged issued
ordinary share capital will comprise  165,697,654 Ordinary Shares. The
Company does not hold any Ordinary Shares in Treasury. Therefore, following
Admission, the above figure may be used by shareholders in the Company as the
denominator for the calculations to 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.

 

**ENDS**

 

 

 

 

Enquiries

 

Georgina Energy

 Tony Hamilton  via georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)
 Mark Wallace

Tavira Financial Ltd - Financial Adviser

 Jonathan Evans   +44 (0)20 3833 3719 (tel:+442038333719)

 

Clear Capital - Broker
+44 (0) 20 3869 6080

Bob Roberts

 

 

Financial PR
            via georginaenergy@apcoworldwide.com
(mailto:georginaenergy@apcoworldwide.com)

 Violet Wilson  +44 (0)203 757 4980

 

 

 

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