REG - Reabold Resources - Funding from Group of Strategic Investors

Reabold ResourcesAnnouncement

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RNS Number : 4929W  Reabold Resources PLC  13 March 2026

13 March 2026

Reabold Resources plc

("Reabold" or the "Company")

 

Funding from Group of Strategic Investors

 

Reabold Resources plc, the investing company focused on developing strategic
gas projects for European energy security, is pleased to announce a
conditional issue of equity to a group of US-based strategic investors.

The investor group, led by Rohan Oza, has committed to subscribe for a total
of 1,900,000,000 new ordinary shares of 0.1 pence each in the Company (the
"New Ordinary Shares"), at a placing price of 0.1 pence per New Ordinary Share
(the "Issue Price"), representing the closing mid-market price on 12 March
2026, raising gross proceeds of £1.9 million (the "Subscription").  The
Subscription is conditional on, amongst other things, the approval of
Shareholders in a General Meeting and the Company raising a further £1.1
million in addition to the Subscription prior to 12 May 2026. It is therefore
intended that the investment will form the cornerstone of a proposed, extended
fundraising process, with additional funds to be raised on the same terms as
the Subscription (the "Fundraising").  The net proceeds of the Subscription
and the Fundraising will be used primarily to progress the key West Newton
project, including the funding of both Reabold and Rathlin's shares of the
recompletion of the A-2 well, expected to take place in the coming months.

 

In addition, participants in the Subscription and the Fundraising will receive
1.25 warrants for each New Ordinary Share, each with a right to convert to one
new ordinary share at an exercise price of 0.11 pence per share.  This
mechanism is intended to provide the Company with access to additional
capital, in the event of a successful A-2 recompletion, and to move into early
production as soon as possible.

 

The investor group recognises the vast strategic value associated with high
quality upstream natural gas projects in the UK and Europe and their
importance for energy security, which recent geopolitical events have served
to emphasise.  Additionally, there is a recognition of the significant
disconnect between fundamental asset value and market value, particularly for
UK listed oil and gas companies, which is in stark contrast to North American
markets.

 

Further information on the Subscription and the Fundraising will be announced
in due course.

 

Sachin Oza, Co-CEO of Reabold, commented:

"We are delighted to receive the commitment from this group of high quality
and high profile strategic investors into Reabold at what is an extremely
exciting time for the company.  We know that our European gas assets have
significant value, and a critical role to play in providing reliable
domestically sourced energy against the backdrop of tragic global events,
which make it ever more obvious that European countries must reduce reliance
on imports and promote their indigenous supply. Our asset portfolio, in
particular, can also serve the emerging digital economy, which will be a
significant driver of growing energy demand across Europe in the years
ahead."

 

"With the backing of our new investor group we have greatly enhanced our
ability to progress our highly valuable portfolio and create substantial value
for shareholders, whilst also contributing significantly to European energy
security.

 

"Having recently received the required environmental permitting to conduct
stimulation operations at the A-2 well, this funding will allow the JV to move
ahead with operations in the coming months, which will be a key step in
unlocking the inherent value in our flagship project at West Newton."

 

 

See Co-CEO Sachin Oza Discuss
Further:
https://reabold.com/link/yMQmEy (https://reabold.com/link/yMQmEy)

 

 

Engage with the Reabold management team directly by asking questions, watching

video
summaries and seeing what other shareholders have to say. Navigate to
our Interactive Investor
hub here: https://reabold.com/s/2b4e66
(https://reabold.com/s/2b4e66)

 

For further information, please contact:

 

 Investor questions on this announcement                   https://reabold.com/link/yMQmEy (https://reabold.com/link/yMQmEy)

 We encourage all investors to share questions

 on this announcement via our investor hub
 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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