REG - Reabold Resources - Completion of Further Investment in LNEnergy

Reabold ResourcesAnnouncement

23/06/2023 07:15

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RNS Number : 6426D  Reabold Resources PLC  23 June 2023

23 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Completion of Further Investment in LNEnergy

Total number of Voting Rights

Reabold Resources plc, the oil & gas investing company with a diversified
portfolio of exploration, appraisal and development projects, is pleased to
announce that, further to the Company's announcement of 12 June 2023 entitled
"Further Investment in LNEnergy", Reabold has completed its further investment
in LNEnergy Limited ("LNEnergy"), increasing its equity interest in LNEnergy
to 16.2%. Reabold retains the Second Option.

Admission and total voting rights

Further to the Company's announcement of 12 June 2023 entitled "Change of
Admission Date", the admission of the 810,810,811 Consideration Shares to
trading on AIM ("Admission") will occur at 8.00a.m. today. The Consideration
Shares will rank pari passu with the existing Ordinary Shares.

On Admission, based on the Company's last Transaction in Own Shares
announcement, dated 23 June 2023, the total issued share capital of the
Company will consist of 9,988,198,720 Ordinary Shares. The Company holds
73,975,071 Ordinary Shares in treasury. Accordingly, on Admission, the total
number of voting rights in the Company will be 9,914,223,649 and this is the
figure 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 in their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms used in this announcement have the
same meanings as ascribed to them in the Company's announcement of 9 May 2023
entitled "Investment in LNEnergy".

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

 Stifel Nicolaus Europe Limited - Joint Broker              +44 (0) 20 7710 7600

 Callum Stewart

 Simon Mensley

 Ashton Clanfield

 finnCap Ltd - Joint Broker                                 +44 (0) 20 7220 0500

 Christopher Raggett

 Barney Hayward

 Camarco                                                    +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 

Notes to Editors

 

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

 

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