10th Oct 2025 13:37
Reabold Resources PLC - investor focused on developing strategic gas projects for European energy security - Increases its interest in LNEnergy Ltd by a further 1.2% through the subscription for 128 new ordinary shares at GBP1,200 per share, for a total cash consideration of GBP153,600. This will take Reabold's total shareholding to around 47% of LNEnergy's enlarged share capital.
LNEnergy's wholly-owned subsidiary, LNEnergy Srl has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy. Earlier in the month, Reabold entered an agreement with Beacon Energy PLC for Beacon to buy all of Reabold's interest in LNEenergy. The first phase of this acquisition, in which Beacon will buy 49% of Reabold's holding in LNEnergy, is expected to complete in November.
Current stock price: 0.058 pence, up 1.4% in London on Friday afternoon
12-month change: down 2.8%
By Michael Hennessey, Alliance News reporter
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Related Shares:
Reabold ResourcesBeacon Energy.