REG - Georgina Energy PLC - Issue of Ordinary Shares

Georgina EnergyAnnouncement

19/09/2024 07:00

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RNS Number : 7198E  Georgina Energy PLC  19 September 2024

19 September 2024

 

Georgina Energy plc

("Georgina", "Georgina Energy" or the "Company")

 

Issue of Ordinary Shares

 

Issue of Equity

Georgina Energy announced that today it has issued 580,000 new ordinary shares
of 5p ("New Ordinary Shares") at an issue price of 12.5p per ordinary shares
in lieu of services provided to the Company.

The Company will seek admission of the New Ordinary Shares to trading on the
Equity (transition) category of the Official List and the London Stock
Exchange at 8.00 a.m. on 25 September 2024 ("Admission").

 

Total Voting Rights

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the
Company confirms that following Admission, the Company's enlarged share
capital will comprise 90,668,396 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.

 

Issue of Warrants

The Company has granted 1,286,366 warrants exercisable at 15.625p for a period
of 2 years.

 

END

 

 

Enquiries

 

Georgina Energy

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

Tavira Financial Ltd - Financial Adviser and Joint Broker

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

 

Oak Securities - Joint Broker

 Jerry Keen       +44 (0)203 973 3678 (tel:+442039733678)
 Henry Clarke
 Dillon Anadkat

 

 Financial PR    georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)
 Violet Wilson   +44 (0)203 757 4980
 Letaba Rimell

 

 

Notes to Editors

 

Georgina Energy aims to become a leading player in the global energy market
and is focused on establishing itself among the top producers of helium and
hydrogen worldwide. With a strategic approach and leveraging the experienced
management team's expertise, Georgina Energy aims to capitalize on
opportunities in these critical energy sectors.

 

The projects benefit from established infrastructure and a reliable supply
chain, offering significant resource potential through low-risk,
cost-effective drilling projects.

 

Georgina Energy has two principal onshore interests held through its wholly
owned Australian subsidiary, Westmarket O&G.  The first, the Hussar
Prospect is located in the Officer Basin in Western Australia and Westmarket
O&G holds a 100% working interest in the exploration permit.  The second,
the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern
Territory, which Georgina Energy has a right to earn an initial 75 per cent.
interest in (with the potential to reach 90 per cent.).

 

In line with market demand trends, Georgina Energy is well-positioned to
capitalize on the growing gap between supply and demand for hydrogen and
helium with the resource potential of EPA155 Mt Winter and EP513 Hussar
projects for their potential accumulations.

 

For more information visit https://www.georginaenergy.com
(https://www.georginaenergy.com/)

 

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