REG - Star Energy Group - Result of Retail Offer

Star EnergyAnnouncement

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RNS Number : 3205D  Star Energy Group PLC  07 May 2026

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE
REPUBLIC OF SOUTH AFRICA, JAPAN, NEW ZEALAND OR IN OR INTO ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS
RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO,
AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING
WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL
PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF STAR
ENERGY GROUP PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS
ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN
ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY,
AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY
SECURITIES OF STAR ENERGY GROUP PLC.

 

7 May 2026

 

Star Energy Group plc

 

("Star Energy" or "the Company")

 

Result of Retail Offer

 

Star Energy (AIM: STAR), a British energy company with core activities
centring on oil and gas extraction, announces that the Retail Offer launched
on 1 May 2026 via the BookBuild platform has raised in aggregate £541,152.90
through the issuance of 3,607,686 Retail Offer Shares at a price of 15 pence
per share.

 

Accordingly, the Company has conditionally raised total gross proceeds of
approximately £9.1 million in aggregate by way of the Placing, the
Subscription and the Retail Offer.

 

A separate announcement will be made following the General Meeting as to the
results of the General Meeting and the total voting rights following
Admission.

 

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Company's announcement released at 5:00pm on 30 April
2026 in respect of the Placing to raise approximately £8.5 million (before
expenses), the Subscription to raise £31,000 (before expenses)  and Retail
Offer to raise up to £0.6m (before expenses) unless the context provides
otherwise.

 

Admission, settlement and total voting rights

 

Application will be made for 60,531,015 New Ordinary Shares (comprising the
Retail Offer Shares and 56,716,664 New Ordinary Shares issued pursuant to the
Placing and 206,665 New Ordinary Shares issued pursuant to the Subscription)
to be admitted to trading on AIM and it is expected that Admission in respect
of such shares will become effective at 8:00 a.m. on or around 19 May 2026.
The New Ordinary Shares will rank pari passu with the Existing Ordinary
Shares.

 

Admission is conditional, inter alia, upon the Placing Agreement not having
been terminated and becoming unconditional, and upon the approval of the
Resolutions by the Shareholders at the Company's forthcoming General Meeting
to be held on 18 May 2026.

 

For further information please contact:

 

 Star Energy Group plc

 Tel: +44 (0)20 7993 9899

 Ross Glover, Chief Executive Officer

 Frances Ward, Chief Financial Officer

 Zeus (Nominated Adviser & Broker)

 Tel: +44 (0)203 829 5000

 Antonio Bossi, Darshan Patel, Liv Highton (Investment Banking)

 Simon Johnson, Alex Bartram (Corporate Broking)

 Vigo Consulting

 Tel: +44 (0)207 597 5970

 Patrick d'Ancona/Amelia Thorn

Important Notices

 

This announcement has been prepared by, and is the sole responsibility of, the
Company.

 

The Retail Offer was only open to investors in the United Kingdom who fall
within Article 43 of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (which includes an existing member of the
Company).

 

The release, publication or distribution of this announcement may be
restricted by law in certain jurisdictions and persons into whose possession
any document or other information referred to herein comes should inform
themselves about and observe any such restriction. Any failure to comply with
these restrictions may constitute a violation of the securities laws of any
such jurisdiction.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States of America (including its territories and
possessions, any state of the United States of America and the District of
Columbia (the "United States" or "US")), Australia, Canada, New Zealand,
Japan, the Republic of South Africa, any member state of the EEA or any other
jurisdiction where to do so might constitute a violation of the relevant laws
or regulations of such jurisdiction.

 

The New Ordinary Shares have not been and will not be registered under the US
Securities Act of 1933, as amended (the "US Securities Act") or under the
applicable state securities laws of the United States and may not be offered
or sold directly or indirectly in or into the United States. No public
offering of the New Ordinary Shares is being made in the United States. The
New Ordinary Shares are being offered and sold outside the United States in
"offshore transactions", as defined in, and in compliance with, Regulation S
under the US Securities Act ("Regulation S") to non-US persons (within the
meaning of Regulation S). In addition, the Company has not been, and will not
be, registered under the US Investment Company Act of 1940, as amended.

 

This announcement does not constitute an offer to sell or issue or a
solicitation of an offer to buy or subscribe for New Ordinary Shares in the
United States, Australia, Canada, New Zealand, Japan, the Republic of South
Africa, any member state of the EEA or any other jurisdiction in which such
offer or solicitation is or may be unlawful. No public offer of the securities
referred to herein is being made in any such jurisdiction.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States. This announcement is not an offer of
securities for sale into the United States. The securities referred to herein
have not been and will not be registered under the US Securities Act, and may
not be offered or sold in the United States, except pursuant to an applicable
exemption from registration. No public offering of securities is being made in
the United States.

 

The value of the New Ordinary Shares and the income from them is not
guaranteed and can fall as well as rise due to stock market movements. When
you sell your investment, you may get back less than you originally invested.
Figures refer to past performance and past performance is not a reliable
indicator of future results. Returns may increase or decrease as a result of
currency fluctuations.

 

This announcement may contain forward-looking statements and the words
"expect", "anticipate", "intends", "plan", "estimate", "aim", "forecast",
"project" and similar expressions (or their negative) identify certain of
these forward-looking statements. The forward-looking statements in this
announcement are based on numerous assumptions and the Company's present and
future business strategies and the environment in which the Company expects to
operate in the future. Forward-looking statements involve inherent known and
unknown risks, uncertainties and contingencies because they relate to events
and depend on circumstances that may or may not occur in the future and may
cause the actual results, performance or achievements to be materially
different from those expressed or implied by such forward-looking statements.
These statements are not guarantees of future performance or the ability to
identify and consummate investments. Many of these risks and uncertainties
relate to factors that are beyond the Company's ability to control or estimate
precisely, such as future market conditions, currency fluctuations, the
behaviour of other market participants, the outcome of clinical trials, the
actions of regulators and other factors such as the Company's ability to
obtain financing, changes in the political, social and regulatory framework in
which the Company operates or in economic, technological or consumer trends or
conditions. Past performance should not be taken as an indication or guarantee
of future results, and no representation or warranty, express or implied, is
made regarding future performance. No person is under any obligation to update
or keep current the information contained in this announcement or to provide
the recipient of it with access to any additional relevant information.

 

The information in this announcement is for background purposes only and does
not purport to be full or complete. None of Zeus, BookBuild or any of their
respective affiliates, accepts any responsibility or liability whatsoever for,
or makes any representation or warranty, express or implied, as to this
announcement, including the truth, accuracy or completeness of the information
in this announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or associated
companies, whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever arising from
any use of the announcement or its contents or otherwise arising in connection
therewith. Zeus, BookBuild and their respective affiliates, accordingly
disclaim all and any liability whether arising in tort, contract or otherwise
which they might otherwise be found to have in respect of this announcement or
its contents or otherwise arising in connection therewith.

 

Any indication in this announcement of the price at which the Ordinary Shares
have been bought or sold in the past cannot be relied upon as a guide to
future performance. Persons needing advice should consult an independent
financial adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be interpreted to
mean that earnings or target dividend per share of the Company for the current
or future financial years would necessarily match or exceed the historical
published earnings or dividends per share of the Company.

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.
The New Ordinary Shares to be issued or sold pursuant to the Retail Offer
will not be admitted to trading on any stock exchange other than the London
Stock Exchange.

 

 

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