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Completion of £1 Million Fundraise

1st May 2026 07:04

RNS Number : 7719C
Georgina Energy PLC
01 May 2026
 

1 May 2026

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC

 

Georgina Energy plc

("Georgina Energy" or the "Company")

 

Completion of £1 Million Fundraise

Georgina Energy plc (LSE: GEX), is pleased to announce that it has successfully raised approximately £1m through the issue of 37,037,000 new ordinary shares at a placing price of 2.7 pence per share (the "Placing"). The Placing was undertaken by Clear Capital.

The Company will issue investors with one warrant per two placing shares at an exercise price of 5 pence expiring 5 years from Admission ("Investor Warrants").

Use of Proceeds

The net proceeds of the Placing will primarily be to advance the work programmes and for general working capital.

Broker Warrants

The Company will issue Clear Capital with 2,222,220 Broker Warrants exercisable at 2.7 pence and expire five years from the date of Admission.

 

 

Admission of Placing Shares

An application has been made for 37,037,000 new ordinary shares relating to the Placing to be admitted to trading on the official list of the London Stock Exchange from 8.00 a.m. on 6 May 2026 ("Admission") The placing provides general working capital and for pre- drill activities.

Total Voting Rights

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 165,697,654 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

 

**ENDS**

 

 

 

 

Enquiries

 

Georgina Energy

Tony Hamilton

via [email protected]

Mark Wallace

 

 

Tavira Financial Ltd - Financial Adviser

Jonathan Evans

 +44 (0)20 3833 3719

 

Clear Capital - Broker +44 (0) 20 3869 6080

Bob Roberts

 

Financial PR via [email protected]

Violet Wilson

+44 (0)203 757 4980

 

 

 

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Georgina Energy
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