Business
Proposed WRAP Retail Offer
Beacon Energy PLC has launched a retail offer via the Winterflood Retail Access Platform (WRAP) to raise up to £250,000 through the issue of new ordinary shares at 3.9 pence per share. This offer is part of a larger proposed fundraise aiming for at least £3.75 million gross proceeds, associated with the acquisition of a significant interest in LNEnergy Limited and its Colle Santo gas asset in Italy. The Colle Santo asset is described as a development-ready onshore gas field with gross Proved plus Probable reserves of 73.3 Bscf, estimated post-tax NPV(10) of €26.6 million on a 43.2% economic interest basis, and projected post-tax pre-financing free cash flow of approximately €10 million per annum by 2028. The company's shares remain suspended from trading on AIM pending the completion of this reverse takeover, with the Admission Document expected around February 12, 2026, and admission anticipated around February 27, 2026. Disclaimer*
About this update from Beacon Energy Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT FOR THE PURPOSES OF RULE 12 OF THE PROSPECTUS RULES / RULE 5-A.5 OF THE MAR RULES OF THE FINANCIAL CONDUCT AUTHORITY (\"THE FCA\") AND DOES NOT CONSTITUTE A PROSPECTUS.\n \nTHIS ANNOUNCEMENT HAS BEEN APPROVED AS A FINANCIAL PROMOTION BY TENNYSON SECURITIES (THE TRADING NAME OF SHARD CAPITAL PARTNERS LLP) OF 65 PETTY FRANCE, LONDON, SW1H 9EU (\"TENNYSON SECURITIES\"), WHICH IS AUTHORISED AND REGULATED BY THE FCA, SOLELY FOR THE PURPOSES OF SECTION 21(2)(B) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (\"FSMA\") AND THE TERMS OF SUCH APPROVAL LIMIT THE USE OF THIS ANNOUNCEMENT AS SO APPROVED FOR THE PURPOSES OF THE PROPOSED WRAP RETAIL OFFER (DEFINED BELOW) ONLY.\n \n \n \nDefined terms in this announcement shall have the same meaning as defined in the Company's announcement of 7 October 2025, unless otherwise defined herein.\n \n \n5 February 2026\n \nBeacon Energy plc\n(\"Beacon Energy\" or the \"Company\")\n \n \nProposed WRAP Retail Offer\nBeacon Energy plc (AIM:BCE) is pleased to announce the launch of a retail offer via the Winterflood Retail Access Platform (\"WRAP\") to raise proceeds of up to £250,000 (the \"WRAP Retail Offer\") through the issue of new ordinary shares of nil par value each in the capital of the Company (\"Ordinary Shares\"). The WRAP Retail Offer will form part of the proposed fundraise associated with the Proposed Transaction, including the significant strategic investment in LNEnergy Limited (\"LNEnergy\"), (the \"Proposed Acquisition\"), announced on 7 October 2025 to raise gross proceeds of at least, in aggregate, approximately £3.75m (the \"Proposed Fundraise\").\n \nUnder the WRAP Retail Offer, for which further detail is provided below, WRAP Retail Offer Shares will be made available at the same price as the Ordinary Shares issu...