RCS - Gulfsands Petroleum - SUCCESSFUL COMPLETION OF FRACTIONAL SHARE AUCTION

Mitsubishi Ufj Financial,Announcement

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RNS Number : 2936R  Gulfsands Petroleum PLC  02 February 2026

2(nd) February 2026

 

GULFSANDS PETROLEUM PLC

SUCCESSFUL COMPLETION OF THE FRACTIONAL SHARE AUCTION

Gulfsands Petroleum plc ("Gulfsands" or the "Company"), the oil and gas
company focused on material growth in the Middle East and broader MENA region,
is pleased to announce that the Fractional Share Auction arising from the
recent Share Capital Reorganisation, hosted by Asset Match, has successfully
closed.

 

All Fractional Entitlement Shares have been successfully placed with bidders
which included both existing and new Gulfsands shareholders, including
directors, management, employees, strategic advisors and new Gulf region
investors.

 

Proceeds received from the Fractional Share Auction will now be collected by
the Company and passed onto the Company's registrar, MUFG, who will distribute
the funds proportionately between those Shareholders whose Fractional
Entitlements were included in the Auction. We expect that payments will be
made to those Shareholders on or around 12(th) February 2026.

 

Upon completion of these payments, the Share Capital Reorganisation will be
complete.

 

 

For further information, please refer to the Company's website at
www.gulfsands.com (https://www.gulfsands.com/) or contact:

 

 

 Gulfsands Petroleum Plc                                        +44 (0)20 3026 3919
 Michael Kroupeev, Non-Executive Chairman

 John Bell, Managing Director Andrew Morris, Finance Director

 

Certain statements included herein constitute "forward-looking statements"
concerning the Company within the meaning of applicable securities
legislation. These forward-looking statements are based on certain assumptions
made by Gulfsands and as such are not a guarantee of future performance. These
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed or implied in such
forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond Gulfsands' ability to control or estimate precisely,
such as general economic and market conditions in various countries and
regions, political risks, environmental and physical risks, legislative,
fiscal and regulatory developments, drilling and production results, reserves
estimates, changes in demand for Gulfsands' products, increased costs of
production or price fluctuations in crude oil and natural gas. Gulfsands
cannot give any assurance that such forward-looking statements will prove to
be correct. Gulfsands does not undertake any obligation to update or revise
publicly any forward-looking statements set out herein, whether as a result of
new information, future events or otherwise, except as required by applicable
laws.

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