REG - Reabold Resources - Results of General Meeting & TVR

Reabold ResourcesAnnouncement

Mon 16:00

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RNS Number : 0839C  Reabold Resources PLC  27 April 2026

27 April 2026

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

Results of General Meeting

&

Total Voting Rights

 

Reabold Resources plc, the investing company focused on developing strategic
gas projects for European energy security, is pleased to announce that the
resolutions put to shareholders at its General Meeting held earlier today were
duly passed by a show of hands.

 

Accordingly, conditional on Admission, the Company has raised gross proceeds
of c.4.2 million through the issue of 4,231,800,000 New Ordinary Share
pursuant to the fundraising announced on 1 April 2026 (the "Launch
Announcement").

 

Capitalised terms used in this announcement (the "Announcement") have the
meanings given to them in the Launch Announcement, unless the context provides
otherwise.

 

Proxy Votes

 

The proxy votes cast for each of the resolutions put before the General
Meeting of Reabold were as follows:

 

 Resolution                                                                      Votes For      %      Votes Against  %     Total votes cast (excluding withheld)  % of Issued Share Capital Voted  Votes Withheld
 Resolution 1: Directors' Authority to Allot Shares in connection with the       2,386,718,725  93.19  174,432,383    6.81  2,561,151,108                          25.12%                           25,641,866
 Fundraising
 Resolution 2: Directors' Authority to Allot Shares in connection with the       2,376,205,030  92.78  184,946,078    7.22  2,561,151,108                          25.12%                           25,641,866
 Warrants
 Resolution 3: Directors' General Authority to Allot Shares                      2,365,506,211  92.42  194,101,061    7.58  2,559,607,272                          25.11%                           27,185,702
 Resolution 4: Consolidation of the Company's Ordinary Shares                    2,524,477,472  97.62  61,607,105     2.38  2,586,084,577                          25.37%                           708,397
 Resolution 5: Special Resolution: Disapplication of Pre-emption Rights for      2,363,153,890  91.41  221,958,560    8.59  2,585,112,450                          25.36%                           1,680,524
 Fundraising Shares
 Resolution 6: Special Resolution: Disapplication of Pre-emption Rights in       2,362,665,919  91.40  222,231,964    8.60  2,584,897,883                          25.36%                           1,895,091
 Respect of Warrants
 Resolution 7: Special Resolution: General Disapplication of Pre-emption Rights  2,358,543,846  91.24  226,354,037    8.76  2,584,897,883                          25.36%                           1,895,091
 Resolution 8: Special Resolution: Adoption of New Articles                      2,398,359,293  92.86  184,307,286    7.14  2,582,666,579                          25.33%                           4,126,395

*     Total voting rights of the shares in issue, excluding the
280,271,717 ordinary shares held in Treasury, was 10,194,413,490. Every
shareholder has one vote for every ordinary share held.

**    Please note a 'vote withheld' is not a vote under English law and is
not counted in the calculation of votes 'for' or 'against' a resolution.

Admission and Total Voting Rights

 

An application has been made for the New Ordinary Shares to be to be issued
pursuant to the Fundraise to be admitted to trading on AIM ("Admission"). It
is expected that Admission will become effective and dealing in the New
Ordinary Shares will commence on or around 8:00 a.m. on 28 April 2026. The New
Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission and prior to the Share Consolidation, the total issued
share capital of the Company will consist of 14,706,485,207 Ordinary Shares.
The Company holds 280,271,717 Ordinary Shares in treasury. Accordingly, on
admission, the total number of voting rights in the Company will be
14,426,213,490 and this is the figure 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 in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

As announced on 23 April 2026, Sachin Oza has subscribed for a further
75,000,000 New Ordinary Shares which will be issued, and for which an
application for admission to trading on AIM will be submitted, separately. An
announcement of the application and the new number of the total number of
shares in issue will be made in due course.

 

Share Consolidation

 

Following the approval of the Share Consolidation at the General Meeting and
its implementation, the Company's ordinary shares will trade under a new ISIN
and SEDOL.

 

With effect from 8 May 2026, the Company's ordinary shares will be admitted to
trading on AIM under the following identifiers:

•           New ISIN: GB00BVK55Z16

•           New SEDOL: BVK55Z1

 

The existing ISIN GB00B95L0551 will be cancelled with effect from the same
date. CREST accounts are expected to be credited with the consolidated
ordinary shares under the new ISIN on 8 May 2026.

 

Except as set out above, the Company's ordinary shares will continue to trade
on AIM and no further action is required by shareholders.

 

 

For further information, please contact:

 

 Reabold Resources Plc                                     Via our Investor Hub

 Stephen Williams                                          https://reabold.com/ (https://reabold.com/)

 Sachin Oza

 Cavendish - Nominated & Financial Adviser and Broker      +44 (0) 20 7220 0500

 Neil McDonald

 Pearl Kellie

 Camarco                                                   +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Subscribe to our news alert service: https://reabold.com/auth/signup
(https://reabold.com/auth/signup)

 

Notes to Editors

 

Reabold Resources PLC is a UK-based upstream oil and gas investment company
focused on generating returns through investment in low-risk energy projects
with high potential upside. Investment activity is undertaken through
strategic equity stakes in proven undeveloped gas discoveries with significant
resources and near-term production potential, primarily across the UK and
continental Europe. To support its investment strategy, Reabold balances
proceeds from asset sales between shareholder returns and re-investment in new
projects, with a focus on contributing to European energy security while
achieving significant valuation uplift through clear monetisation pathways.

 

 

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