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Completion of £1.5 Million Fundraise

31st Jul 2026 11:43

RNS Number : 7897O
Georgina Energy PLC
31 July 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

 

 

31 July 2026

 

Georgina Energy plc

 

("Georgina", "Georgina Energy" or the "Company")

 

Completion of £1.5 Million Fundraise

 

Georgina Energy plc (LSE: GEX), is pleased to announce that it has successfully raised approximately £1.5m through the issue of 16,666,666 new ordinary shares at a placing price of 9 pence per share (the "Placing"). The Placing was undertaken by Clear Capital.

The Company will issue investors with one warrant per one placing share at an exercise price of 10 pence expiring 5 years from Admission ("Investor Warrants").

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

The Company will issue Clear Capital with 1,000,000 Broker Warrants exercisable at 9 pence and expire five years from the date of Admission.

 

Loan Conversion and Exercise of Warrants

 

The Company has received notice by the lender pursuant to the debt facility announced on 14 November 2026 to convert an amount of £185,700 through the issue of 6,877,778 new ordinary shares.

The Company has also received notice to exercise 1,200,000 warrants at 5 pence.

Admission and Total Voting Rights

An application has been made for 24,744,444 new ordinary shares of 1 pence par value to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 6 August 2026 ("Admission").

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged share capital will comprise 254,706,151 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.

END

 

 

 

 

Enquiries

 

Georgina Energy

Tony Hamilton

via [email protected]

Mark Wallace

 

 

Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans

+44 (0)20 3833 3719

Oliver Stansfield

 

 

Financial PR via [email protected]

Violet Wilson

+44 (0)203 757 4980

Letaba Rimell

 

 

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