REG - Prospex Energy PLC - Conversion of Loan Notes and TVR

Prospex EnergyAnnouncement

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RNS Number : 9816W  Prospex Energy PLC  17 March 2026

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

17 March 2026

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Conversion of Loan Notes and TVR

 

Prospex Energy PLC, the AIM-quoted investing company focused on European gas
and power projects, announces that it has received a notice to convert
£152,515.07 into convertible loan notes in exchange for the issue of
5,083,836 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").

 

The abovementioned convertible loan note was issued in January 2026 and is
convertible at 3.00p per share pursuant to a Convertible Loan Note Deed dated
17 December 2025.

 

Admission to Trading and Total Voting Rights

 

The Company has applied to the London Stock Exchange for admission of
5,083,836 new Ordinary Shares to trading on AIM ('Admission') as a result of
the above conversion.  Admission is expected to occur on or around 20(th)
March 2026.  There are currently 428,710,121 Ordinary Shares in issue.
Following Admission there will be a total of 433,793,957 Ordinary Shares in
issue.  This will be the number of Ordinary Shares that may be used by
shareholders 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 Company under the FCA's Disclosure and Transparency
Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

* * ENDS * *

 

 

For further information visit www.prospex.energy (http://www.prospex.energy)
or contact the following:

 

 Tom Reynolds                      Prospex Energy PLC            Tel: +44 (0) 20 7236 1177
 Ritchie Balmer                    Strand Hanson Limited         Tel: +44 (0) 20 7409 3494

Rory Murphy
 Andrew Monk (Corporate Broking)   VSA Capital Limited           Tel: +44 (0) 20 3005 5000

Andrew Raca (Corporate Finance)
 Neil Passmore                     Hannam & Partners             Tel: +44 (0) 20 7907 8500

 Leif Powis
 Ana Ribeiro / Charlotte Page      St Brides Partners Limited    Tel: +44 (0) 20 7236 1177

 

Notes

Prospex Energy PLC is an AIM quoted investing company focussed on high impact
onshore and shallow offshore European opportunities with short timelines to
production. The Company's strategy is to acquire undervalued projects with
multiple, tangible value trigger points that can be realised within 12 months
of acquisition and then applying low-cost re-evaluation techniques to identify
and de-risk prospects.  The Company will rapidly scale up gas production in
the short term to generate internal revenues that can then be deployed to
develop the asset base and increase production further.

 

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