REG - Mosman Oil & Gas - Results of Retail Offer

Mosman Oil and GasAnnouncement

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RNS Number : 6178J  Mosman Oil and Gas Limited  21 May 2025

 

 

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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

 

 

21 May 2025

Mosman Oil and Gas Limited

Results of Retail Offer

 

Mosman Oil and Gas ("Company") (AIM:MSMN) is pleased to announce that, further
to its announcement of 16 May 2025, it has raised £300,000 (before expenses)
via the issue of 666,666,666 new ordinary shares of no par value each in the
capital of the Company (the "Retail Offer Shares") at a price of 0.045p per
share (the "Issue Price"), pursuant to its offer to its existing retail
shareholders via CMC CapX. (the "Retail Offer").

 

Under the Placing and the Retail Offer, the Company has raised aggregate gross
proceeds of £1.55m.

 

A separate announcement has been made regarding the Placing and its terms. For
the avoidance of doubt, the Retail Offer is separate from and does not form
part of the Placing.

 

Admission to AIM and Total Voting Rights

 

The Retail Offer is conditional on, inter alia, the Retail Offer Shares being
admitted to trading on AIM. Application has been made to the London Stock
Exchange for the Retail Offer Shares, which will rank pari passu with the
Company's existing issued ordinary shares, to be admitted to trading on AIM
and dealings are expected to commence at 8:00 a.m. on or about 27 May 2025.
Completion of the Retail Offer is also conditional, inter alia, upon the
completion of the Placing, which is expected to complete on admission of the
Placing Shares on 22 May 2025.

 

Following the issue of the Retail Offer Shares, the Company's total voting
rights will comprise 22,981,521,662 Ordinary Shares of no par value and the
Company does not hold any shares in treasury. Consequently, the above figure
may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the
Company in accordance with the Companies' Articles.

 

 

For Further information

 Mosman Oil & Gas Limited                                             NOMAD and Joint Broker

 Andy Carroll                                                         SP Angel Corporate Finance LLP

 CEO                                                                  Stuart Gledhill / Richard Hail / Adam Cowl

 acarroll@mosmanoilandgas.com (mailto:acarroll@mosmanoilandgas.com)   +44 (0) 20 3470 0470

 Retail Offer                                                         Joint Broker

 CMC CapX                                                             CMC Markets UK Plc

 +44(0)20 3003 8632                                                   Douglas Crippen

 capx@cmcmarkets.com (mailto:capx@cmcmarkets.com)                     +44 (0) 020 3003 8632

 Alma

 Justine James / Will Merison

 +44 (0) 20 3405 0205

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)

 

 

Updates on the Company's activities are regularly posted on its
website: www.mosmanoilandgas.com (http://www.mosmanoilandgas.com/)

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

Important Notices

 

The contents of this announcement have been prepared by and issued by the
Company and is the sole responsibility of the Company. The Board of Directors
of the Company are responsible for arranging the release of this announcement
on behalf of the Company.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from Australia, Canada, Japan, the Republic of South Africa, or any
other jurisdiction where to do so might constitute a violation of the relevant
laws or regulations of such jurisdiction.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

CMC CapX is a software and technology platform owned and operated by CMC
Markets UK plc (trading as CMC CapX) (registered address at 133 Houndsditch,
London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and regulated in
the United Kingdom by the FCA, is acting exclusively for the Company and for
no-one else and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the Retail Offer and will
not be responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in connection
with the Retail Offer, Admission and the other arrangements referred to in
this announcement.

 

 

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