REG - Mast Energy Dvlpmts. - Holiday Parks Power Supply Exclusive Joint Venture

Mast Energy DevelopmentsAnnouncement

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RNS Number : 4685Y  Mast Energy Developments PLC  09 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: 9 September 2025

 

Mast Energy Developments PLC

("MED" or the "Company")

 

Holiday Parks Power Supply Exclusive Joint Venture

& Exercise of Warrants

 

Mast Energy Developments PLC is pleased to announce that it has signed a
comprehensive head of terms for an exclusive joint venture to develop,
construct, and operate power supply solutions for holiday parks, the
highlights and details of which are outlined below.

 

Joint Venture Key Details:

·    The UK has around 4,700 holiday parks, most of which require power
and heat supply security outside of the national grid in order to provide
uninterrupted services to its customers throughout the year;

·    The MED management team have identified this gap in the market and
formulated a new additional growth strategy to benefit from this opportunity,
which will complement its existing strategies, being i) acquiring existing
sites needing limited overhaul, ii) new-builds, and iii) AI datacentre power
supply;

·    MED will partner with holiday park developers and owners to provide
the holiday park with power and heat supply security, by way of a private wire
PPA;

·    The benefit to the holiday park is power and heat supply security, at
a lower tariff compared to the retail market, and the benefit to MED is two
income streams (power and heat) via a long-term PPA at a fixed tariff and
attractive margin;

·    In addition to the PPA revenues, the power supply site can also
partake in the Capacity Market for additional guaranteed income;

·    To bolster this new strategy, MED signed an exclusive joint venture
("JV") head of terms with Avanti-E Ltd ("Avanti"), a UK company with strong
connections and a proven track-record in the UK energy industry (see below for
more details about Avanti);

·    Under the JV, MED and Avanti will exclusively work together to
develop, construct, and operate power supply solutions and applications for
holiday parks;

·    The JV will establish MED as an early mover and power supplier in the
holiday park industry, to gain maximum benefit;

·    The short-term goal is to develop c. 25 MW of holiday park power
supply projects, and scale to 100 MW in medium term;

·    MED and Avanti are already in discussions with one of the UK's
largest holiday park developers and owners to supply power and heat to its
holiday parks, with a first holiday park needing c. 5 MW already identified;

·    This new strategy will complement and is expected to significantly
grow MED's existing portfolio and the Company's goal to build a portfolio of
300+ MW; and

·    MED and Avanti intend to enter in a binding definitive JV agreement
shortly.

 

Pieter Krügel, MED CEO, commented: "MED have identified the need of holiday
parks for power and heat supply security as an ideal opportunity to expand
MED's business model and complement our existing strategies to build a
portfolio of 300+ MW. We are thrilled to join forces with Avanti-E in rolling
out our new strategy, as they are an ideal JV partner with their strong
connections and a proven track-record in the energy industry in the UK.

 

We are planning to progress this new strategy at some pace, and look forward
to updating the market with further positive developments over the coming
weeks."

 

About Avanti-E:

Avanti-E was co-founded by Sean Foley, having spent 30+ years in the UK
energy. Avanti-E are experts in the development of power projects in the UK.
For more details, visit Avanti-E's website here - https://avanti-e.co.uk
(https://avanti-e.co.uk) .

 

 

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

 

Exercise of warrants

 

Capitalised terms used in this part of this announcement have the same meaning
as those given to them in the 23 May 2025 announcement unless otherwise
defined.

 

MED has received notice of exercise of Prepaid Warrants, issued pursuant to
the Equity Fundraise announced on 11 July 2025, for a total of 4,957,000
ordinary shares in the Company. MED has also received notice of the exercise
and the associated cash proceeds of Cash Warrants, issued pursuant to the
Equity Fundraise announced on 11 July 2025, for a total of 1,875,000 ordinary
shares in the Company of 4 pence per ordinary share.

 

Application will be made for the admission of the 6,832,000 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 11 September 2025.

 

Following Admission, the Company's issued share capital will consist of
23,735,927 ordinary shares with voting rights. MED does not hold any ordinary
shares in treasury. This figure of 23,735,927 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 11.59% to 8.25%
interest in the issued share capital of the Company. Further, following
Admission, the beneficial holding of Riverfort Global Opportunities PCC Ltd
will change from 10.09% to 7.18%.

 

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.

 

For further information please visit www.med.energy (http://www.med.energy/)
or contact:

 

 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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