REG - Georgina Energy PLC - Termination of share purchase agreement

Georgina EnergyAnnouncement

06/05/2026 10:30

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RNS Number : 2397D  Georgina Energy PLC  06 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", "Georgina Energy" or the "Company")

 

TERMINATION OF SHARE PURCHASE AGREEMENT

 

GEORGINA ENERGY PLC (LSE: GEX), announces that it has received formal notice
of termination of the share purchase agreement dated 11 November 2025 (and as
subsequently amended) (the "SPA") from Central Petroleum Limited (the
"Counterparty") following the failure of the parties to agree amendments to
the terms of the SPA.

Background

On 11 November 2025, the Company announced that it had entered into the SPA
with the Counterparty pursuant to which the Company agreed to acquire the
entire issued share capital of certain of the Counterparty's subsidiaries (the
"Acquisition"). Completion of the Acquisition was conditional upon the
fulfilment or waiver of certain conditions (the "Conditions").

As previously announced on 25 March 2026, the Company and the Counterparty had
been negotiating the amendment of the terms of the Acquisition and waiver of
certain of the Conditions thereto in light of, inter alia, the Company's
planned financing arrangements and other changes to the terms of the
Acquisition.

Notice of Termination

The Company announces that, on 6 May 2026, it received formal written notice
from the Counterparty seeking to exercise its right to terminate the SPA with
immediate effect as a result of the parties being unable to reach agreement on
the proposed terms of such amendments to the SPA.

As a consequence of the termination of the SPA, the Acquisition will not
proceed and all obligations of the parties thereunder (save for those
expressed to survive termination) are of no further force or effect.

Consequences of Termination

The Company will continue to pursue its strategic objectives and the Board
will make further announcements as and when appropriate.

Enquiries
 Georgina Energy                                                               via
 Tony Hamilton                                                                 georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)
 Mark Wallace
 Tavira Financial                                                              +44 (0)20 3833 3719
 Jonathan Evans
 Oliver Stansfield
 Financial PR via                                                              +44 (0)203 757 4980
 georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)

Violet Wilson
 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 located in the Amadeus Basin in the Northern
Territory, subject to completion of the Sale Agreement Georgina Energy will
hold a 100% working interest.

 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/)

IMPORTANT NOTICE

This announcement has been prepared in accordance with English law and the
information disclosed may not be the same as that which would have been
prepared in accordance with the laws of jurisdictions outside England and
Wales.

Certain statements in this announcement are forward-looking statements. These
statements are based on assumptions that are subject to significant risks and
uncertainties, many of which are beyond the control of the Company, and actual
results may differ materially from those expressed or implied by these
statements. The Company undertakes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.

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