REG - Mast Energy Dvlpmts. - Exercise of Warrants, Issue of Equity & TVR

Mast Energy DevelopmentsAnnouncement

01/09/2025 15:30

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RNS Number : 4969X  Mast Energy Developments PLC  01 September 2025

Mast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BNG90H86

('MED' or 'the Company')

 

Dated: 1 September 2025

 

MAST Energy Developments PLC

("MED" or the "Company")

 

Exercise of Warrants, Issue of Equity & TVR

 

 

Mast Energy Developments PLC, the UK-based multi-asset owner, developer, and
operator in the rapidly growing Flexible Generation Power market, announces
that it has received notices of the exercise of Prepaid Warrants, issued
pursuant to the Equity Fundraise announced on 11 July 2025, for a total of
2,155,000 ordinary shares in the Company at a price of 4 pence per ordinary
share.

 

Application will be made for the admission of the 2,155,000 new ordinary
shares to trading on the LSE ("Admission") pursuant to the authorities
approved by shareholders at the General Meeting on 8 July 2025. The shares
will rank pari passu with the existing ordinary shares and it is expected that
Admission will become effective at 8.00 a.m. on 3 September 2025.

 

Following Admission, the Company's issued share capital will consist of
16,903,927 ordinary shares with voting rights. MED does not hold any ordinary
shares in treasury. This figure of 16,903,927 may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they require to notify their interest in, or a change to their
interest in, the share capital of the Company under the UK Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

Following Admission, the beneficial holding of Paul Venter, non-executive
director and chairman of the Company, will change from 13.28% to 11.59%
interest in the issued share capital of the Company. Further, following
Admission, the beneficial holding of Riverfort Global Opportunities PCC Ltd
will change from 11.56% to 10.09%.

 

Stay up to date with MED's latest news and updates by joining our emailing
list and social media channels, as follows:

 

MED general enquiries - https://www.med.energy/contact
(https://www.med.energy/contact)

MED email alerts - https://www.med.energy/rnsannoucements-1
(https://www.med.energy/rnsannoucements-1)

MED LinkedIn page
- https://uk.linkedin.com/company/mast-energy-developments-plc
(https://uk.linkedin.com/company/mast-energy-developments-plc)

MED X (formerly Twitter) handle - @mastplc

 

 

ENDS

 

This announcement contains inside information for the purposes of the UK
version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ('UK MAR'). Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

 Pieter Krügel      info@med.energy (mailto:info@med.energy)  Mast Energy           CEO

                                                              Developments PLC
 Guy Wheatley, CFA  +44 (0)74 9398 9014                       Fortified Securities  Corporate Broker

 

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