REG - Jadestone Energy PLC - Successful Placement of Nordic Bond Issue

Jadestone EnergyAnnouncement

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RNS Number : 3480Y  Jadestone Energy PLC  26 March 2026

Successful Placement of Nordic Bond Issue

 

26 March 2026 - Singapore: Jadestone Energy UK plc, a subsidiary of Jadestone
Energy plc (AIM:JSE) (the "Company" and together with its subsidiaries,
"Jadestone"), an independent upstream production and development company
focused on the Asia-Pacific region, has today successfully completed a US$200
million senior secured bond issue with maturity in 2031 and a coupon of 12%
(the "Nordic Bond Issue").

 

The bond placement was materially oversubscribed and saw strong investor
demand across Nordic and international markets. The Company's largest
shareholder, Tyrus Capital, subscribed for and was allocated US$25 million in
the bond issue. The bond principal amortizes at US$50 million per annum from
the third anniversary of the bond issue with a final repayment of US$100
million at the maturity date.

 

For the purposes of AIM Rule 13, the participation by Tyrus Capital in the
Nordic Bond Issue constitutes a related party transaction. The Independent
Directors (being directors who did not, together with their affiliates,
participate in the Nordic Bond Issue), having consulted with the Company's
nominated adviser, consider that the terms of this related party transaction
are fair and reasonable insofar as its shareholders are concerned.

 

Dr. Adel Chaouch, Executive Chairman, commented:

 

"We are pleased that our debut bond offering generated substantial demand from
credit investors seeking exposure to the strong upstream growth story of the
Asia-Pacific region. The Nordic Bond Issue will deliver a strong financial
foundation for the business, and allow Jadestone to focus its near-term cash
flow generation on growth opportunities, particularly as we seek to move our
Vietnam development forward following the key recent milestone of field
development plan approval."

 

Settlement is expected on or about 14 April 2026, subject to customary
conditions precedent. An application will be made to list the bonds at the
Nordic ABM. Proceeds from the new bond issue will be used to refinance
Jadestone's existing reserve-based lending facility as well as for general
corporate purposes.

 

Arctic Securities AS and SB1 Markets AS acted as joint bookrunners for the
transaction. Wikborg Rein  Advokatfirma AS acted as legal counsel to the
Company and Advokatfirmaet Thommessen AS acted as legal counsel to the
managers.

 

-ends-

 

For further information, please contact:

 

 Jadestone Energy plc
 Phil Corbett, Head of Investor Relations              +44 (0) 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Berenberg (Joint Broker)                              +44 (0) 20 3757 4980 (UK)
 Ciaran Walsh
 Dan Gee-Summons
 Ryan Mahnke

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds
 Poppy Hawkins

 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream company focused on the
Asia-Pacific region. It has a balanced and increasingly diversified portfolio
of production and development assets in Australia, Malaysia, Indonesia and
Vietnam, all stable jurisdictions with a positive upstream investment climate.

 

The Company is pursuing a strategy to grow and diversify the Company's
production base both organically, through developments such as Nam Du/U Minh
in Vietnam and the Puteri Cluster offshore Malaysia, as well as through
acquisitions that fit within Jadestone's financial framework and play to the
Company's strengths in regional upstream development and operations and
managing maturing oil assets. Jadestone delivers value in its acquisition
strategy by enhancing returns through operating efficiencies, cost reductions
and increased production through further investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please
visit www.jadestone-energy.com (http://www.jadestone-energy.com/) .

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

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