REG - Georgina Energy PLC - Operational Update

Georgina EnergyAnnouncement

18/11/2024 07:00

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RNS Number : 4858M  Georgina Energy PLC  18 November 2024

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

 

 

18 November 2024

 

Georgina Energy plc

 

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

 

Operational Update

 

Exercise of Warrants

The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS
Alpha") to exercise 6,358,848 warrants for nil consideration following the
recent resource upgrade reported on 17 October 2024 being a condition of their
issue. The terms of the warrants were further detailed in the Company
Prospectus dated 11 July 2024.

The Warrants were originally issued to CSS Alpha for providing an extension to
a bridging loan in the 2024 financial year. Upon conversion, the shares are
subject to a lock-in until January 2025.

 

Admission

The Company will seek admission of 6,358,848 new Ordinary Shares to trading on
the Equity (transition) category of the Official List and the London Stock
Exchange from 8.00 a.m. on 21 November 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 97,027,696 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.

 

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 via 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.

 

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 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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