REG - Sabien Technology - Update on Funding and Strategic Arrangements

Sabien TechnologyAnnouncement

22/12/2025 12:15

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RNS Number : 5138M  Sabien Technology Group PLC  22 December 2025

22 December 2025

Sabien Technology Group plc

("Sabien" or the "Company" or the "Group")

Update on Funding and Strategic Arrangements

Further to the announcement on 10 November 2025, the Company is pleased to
confirm that the invoice factoring facility with Parris Group Limited has now
been completed.

 

In addition, following the Company's announcement on 19 November 2025, the
Company confirms that it continues to progress discussions with City Oil Field
("COF") in relation to the proposed strategic agreement and cross shareholding
arrangement, which, as previously announced, implies a valuation of 11.87
pence per Sabien ordinary share. The transaction remains subject to the
completion of a number of conditions, including the completion of the PEDCO
investment and compliance with applicable Korean financial regulatory
requirements.

 

As a result of these conditions and regulatory processes, the Company
currently expects that, if the transaction proceeds, completion is likely to
occur later in the first quarter of 2026. Further announcements will be made
as and when appropriate.

 

Richard Parris, Executive Chairman, commented:

 

"The completion of the invoice factoring agreement and the continued
development of our partnership discussions with COF represent important steps
in strengthening Sabien's financial foundations, supporting the ongoing
commercialisation of the M2G platform and the creation of a waste plastic to
sustainable oil revenue stream.

 

The continued support of Sabien by Parris Group provides clarity and
resilience around funding, while aligning technology development with
commercial execution and strategic partnerships.

 

As we approach the end of the year, I would like to thank our shareholders for
their continued support, our advisers for their professionalism, and our
employees for their commitment and hard work throughout 2025.

 

We enter 2026 with a strengthened platform, an improving commercial pipeline
and a positive outlook for trading, and the Board remains confident in the
Group's ability to execute on its strategy in the year ahead. I wish all our
stakeholders a happy holiday season and a successful New Year."

 

 For further information:

                                                   +44 20 7993 3700

 Sabien Technology Group plc                       investors@sabien.com (mailto:investors@sabien.com)

 Richard Parris, Executive Chairman

 Allenby Capital Limited (Nominated Adviser)

 John Depasquale / Nick Harriss / Vivek Bhardwaj   +44 203 328 5656

 AlbR Capital Limited (Broker)                     +44 207 469 0930

 Duncan Vasey / Lucy Williams

 

About Sabien Technology Group plc

 

Sabien Technology Group plc provides energy reduction solutions designed to
help businesses achieve their sustainability goals, with a particular focus on
reducing energy consumption and carbon emissions.

 

The Sabien Technology Group plc holds the Green Economy Mark from the London
Stock Exchange, recognising companies generating over 50% of their revenues
from sustainable products and services.

 

Website: www.sabien.com (http://www.sabien.com/)

 

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