REG - Pennpetro Energy PLC - Placing

Pennpetro EnergyAnnouncement

16/08/2024 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240816:nRSP8113Aa&default-theme=true

RNS Number : 8113A  Pennpetro Energy PLC  16 August 2024

16 August 2024

 

Pennpetro Energy PLC

("PPP" or "Pennpetro")

 

Placing

 

Pennpetro is pleased to announce that it has it has raised and an additional
£300,000 by way of a firm placing ("Placing") to an institutional investor of
5,000,000 new ordinary shares at a price of 6 pence per share ("Placing
Shares").

 

The placing is expected to close on the 16 August 2024, and the shares will be
issued shortly thereafter and an application will be made for admission of the
Placing Shares to listing following the Company's ordinary shares return from
suspension.

 

This placing is in addition to the £360,000 (gross) recently raised (as
announced on 1 August 2024) and will be used towards general working capital
and enabling the Company to advance its changing business activities in Texas.

 

An appropriate Total Voting Rights (TVR) announcement will be made, as
required, when the Placing Shares are issued.

 

-ENDS-

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 

For further information contact the Company, or follow us on X @pennpetro:

 

 

 Pennpetro Energy PLC:

 Tom Evans, CEO                                                                                                   tme@pennpetroenergy.com (mailto:tme@pennpetroenergy.com)

 David Lenigas, Chairman                                                                                          +44 (0) 7881825378

                                                                                                                  lenigas@monaco-capital.com

 Brokers:                                                                                                         +44 (0) 207 614 5900

 Zeus Capital

 Simon Johnson

 Peterhouse Capital Limited

 Lucy                                                                                                             +44 (0) 20 7469 0930
 Williams

                                                                                                                +44 (0) 20 7220 9797
 Duncan Vasey

                                                                                                                +44(0) 207 129 1474
 Flagstaff Strategic and Investor Communications

                                                                                                                pennpetro@flagstaffcomms.com
 Tim Thompson

 Alison Allfrey

 Anna
 Probert

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCMZGMRFVLGDZM