REG - Synergia Energy Ltd - $0.7m loan agreement

Synergia EnergyAnnouncement

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RNS Number : 3919Z  Synergia Energy Ltd  07 April 2026

RNS Announcement

 

07 April 2026

 

AIM: SYN

$0.7m loan agreement

 

The Board of Synergia Energy Limited (Synergia or the Company) announces that
it has entered into an up to US$700,000 loan agreement with Republic
Investment Management Pte Ltd ("Republic") (the "Republic Loan") to provide
funding for general working capital requirements.

 

Loan agreement

 

The Republic Loan provides Synergia with a working capital facility available
in two tranches. The first tranche of $350,000 being available from 20 April
2026 can be drawn down on demand, bearing interest of 7.5% on amounts
drawn-down, and repayable within 12 months from the initial draw down date.
The second tranche of $350,000 will be available on a date as agreed between
the Company and Republic, no earlier than 1 September 2026, with the same
lending terms. The Republic Loan is being provided on an unsecured basis.

 

Alongside the Loan, Republic will be issued share options over ordinary shares
in the Company to the value of the loan principal with an exercise price at a
10% premium over the prevailing share price at the initial draw down date of
each loan tranche. These options have a term of 12 months from each loan draw
down date and can be exercised to offset the loan principal amount.

 

Related Party Transaction

 

Republic has a current shareholding of 12.4% of the Company's issued share
capital and is therefore categorised as a substantial shareholder and related
party of the Company pursuant to the AIM Rules for Companies.

 

The Loan Agreement is classified as a related party transaction pursuant to
AIM Rule 13 and the Directors of the Company independent of the Republic Loan
 (being the full board), having consulted with SP Angel, the Company's
Nominated Advisor, consider that the terms of the Republic Loan are fair and
reasonable insofar as the Company's shareholders are concerned.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

For and on behalf of Synergia Energy Limited

 

Roland Wessel

CEO

 

 

 

 

For further information, please contact:

 

 Investor Enquiries          Nominated Advisor and Joint Broker              Joint Broker

 Synergia Energy Ltd         SP Angel Corporate Finance LLP                  AlbR Capital Limited

 Briana Stayt                Stuart Gledhill / Richard Hail / Devik Mehta    Colin Rowbury

 Investor Relations                                                          Email:

 Email:                      Tel: +44 (0)20 3470 0470                        cr@albrcapital.com

 bstayt@synergiaenergy.com   UK                                              Tel: +44 20 7469 0930

 Tel: +61 8 9485 3200                                                        UK

 Australia

 

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